[Adopted 11-3-1993 by Ord. No. 66]
As used in this article, the following terms
shall have the meanings indicated:
ACT 205
The Act of Assembly of the Commonwealth of Pennsylvania,
approved the 18th day of December 1984, as amended, Act. No. 205,
known as the “Municipal Pension Plan Funding Standard and Recovery
Act.”
AGGREGATE SERVICE
The total years of service, not necessarily continuous, including
years of service prior to the effective date of the plan.
COMPENSATION
Compensation of the police officer as reported on the annual
IRS form W-2.
EMPLOYER
Hamilton Township and Abbottstown Borough.
FUND
Assets of this police pension plan.
MEMBER
Any sworn police officer employed by Hamilton Township and
Abbottstown Borough on a full-time basis (35 or more hours per week),
who has completed the eligibility requirements of this plan.
NORMAL RETIREMENT DATE
The first day of the month coincident with or immediately
following the date the officer completes 25 years of aggregate service
and has attained age 50.
OFFICER
Any sworn police officer employed by Hamilton Township and
Abbottstown Borough on a full-time basis.
TOTAL AND PERMANENT DISABILITY
A physical or mental condition resulting from bodily injury
or disease or mental disorder which renders the officer incapable
of engaging in meaningful employment.
Any officer shall become a member of the plan
upon the completion of six months of employment.
Upon attaining normal retirement age under the
plan, an officer may retire and receive benefits.
An officer will also vest in their account balance
under the plan in the event of death or disability.