[HISTORY: Adopted by the Board of Supervisors of the Township of Allegheny as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Salaries and compensation — See Ch. 49.
ATTACHMENTS
Attachment 1 - Police Pension Plan AgreementAttachment 2 - Municipal Employee Pension Plan Agreement
[Adopted 6-9-2003 by Ord. No. 12-2003; amended in its entirety 5-14-2012 by Ord. No. 02-2012]
The Allegheny Township Police Pension Plan (the "Plan"), which was previously established pursuant to and under the provisions of Pub. Law 1804, 53 Pa.C.S.A. § 767 et seq. (sometimes referred to as "Act 600"), for the benefit of the Township's police employees, and which has been amended and supplemented by various ordinances and resolutions of the Township's Board of Supervisors thereafter, shall be, and hereby is, amended and restated as hereinafter set forth.[1]
[1]
Editor's Note: The text of the Police Pension Plan is included at the end of this chapter.
[Adopted 2-9-2004 by Ord. No. 7-2004; amended in its entirety 9-9-2019 by Ord. No. 02-2019]
Allegheny Township (the "Township"), having established a nonuniform pension plan administered by the Pennsylvania Municipal Retirement System (the "System"), hereby elects to amend its Nonuniform Pension Plan administered by the System in accordance with Article IV of the Pennsylvania Municipal Retirement Law, 53 P.S. § 881.101 et seq. ("Retirement Law"), and does hereby agree to be bound by all the requirements and provisions of the Retirement Law and the Municipal Pension Plan Funding Standard and Recovery Act, 53 P.S. § 895.101 et seq., and to assume all obligations, financial and otherwise, placed upon member municipalities.
As part of this article, the Township agrees that the System shall administer and provide the benefits set forth in the amended Nonuniform Pension Plan Document entered into between the Pennsylvania Municipal Retirement Board and the Township effective as of the date specified in the adoption agreement (the "contract").
The Township acknowledges that by passage and adoption of this article, the Township officially accepts the contract and the financial obligations resulting from the administration of the contract.
Payment for any obligation established by the adoption of this article and the contract shall be made by the Township in accordance with the Retirement Law and the Municipal Pension Plan Funding Standard and Recovery Act. The Township hereby assumes all liability for any unfundedness created due to the benefit structure set forth in the contract.
The Township intends this article to be the complete authorization of the contract, as amended and it shall become effective as of the date specified in the adoption agreement, which is the effective date of the contract, as amended.
A duly certified copy of this article and an executed contract shall be filed with the System.