[HISTORY: Adopted by the Board of Supervisors of the Township of Antrim as indicated in article histories. Amendments noted where applicable.]
[Adopted 12-29-2004 by Ord. No. 290[1]]
[1]
Editor's Note: This ordinance repealed and replaced former Art. I, Pennsylvania Municipal Retirement System, adopted 5-11-1993 by Ord. No. 229, as amended.
Antrim Township, being a member municipality of the Pennsylvania Municipal Retirement System, hereby elects to change its member benefits in that System as authorized by the Pennsylvania Municipal Retirement Law, Act 15 of 1974, as amended, and does hereby agree to be bound by all the requirements and provisions of said Law and to assume all obligations, financial and otherwise, placed upon member municipalities. All references hereafter shall be based on benefits negotiated between the Board and the municipality under the provisions of Article IV of the Pennsylvania Municipal Retirement Law.[1]
[1]
Editor's Note: See 53 P.S. § 881.101 et seq.
Membership in the Pennsylvania Municipal Retirement System shall be mandatory for all permanent municipal employees of the Township. Membership for elected officials and employees hired on a temporary or seasonal basis is prohibited, as is membership for individuals paid only on a fee basis.
Credit for prior service for original members is granted for each year or partial year thereof that the member was employed by the Township from original date of hire or the expiration of the member's probationary period if one so existed. Benefits provided to members in the agreement dated December 29, 2004, shall accrue based on all credited service granted and earned in accordance with this section.
Payment for any obligation established by the adoption of this article and the agreement between the Board and Antrim Township shall be made by the Township in accordance with the Pennsylvania Municipal Retirement Law and Act 205 of 1984, the Municipal Pension Plan Funding Standard and Recovery Act.[1]
[1]
Editor's Note: 53 P.S. § 895.101 et seq.
As part of this article, the Township agrees that the System shall provide the benefits set forth in the agreement between the Board and Antrim Township, dated December 29, 2004. The passage and adoption of this article by Antrim Township is an official acceptance of said agreement and the financial obligations resulting from the administration of said benefit package. Antrim Township hereby assumes all liability for any unfundedness created or which may be created due to the acceptance of the benefit structure outlined in the above-referenced agreement.
Antrim Township intends this article to be the complete authorization of the Township's municipal pension plan, and it shall become effective and specifically repeal Ordinance No. 229 either immediately or on January 1, 2005, which is the effective date of the agreement dated December 29, 2004, between the Pennsylvania Municipal Retirement System and Antrim Township, whichever is later.
A duly certified copy of this article and the referenced agreement shall be filed with the Pennsylvania Municipal Retirement System of the Commonwealth of Pennsylvania. Membership for the municipal employees of Antrim Township in the Pennsylvania Municipal Retirement System shall be effective the first day of January 1989, with the revised plan structure reflected in the agreement dated December 29, 2004, effective the first day of Itinerary 2005.