The City of Coatesville shall pay the full cost to administer
the plan. Employee contributions shall not be required nor permitted
into the defined contribution plan. There will be no commingling of
funds between the defined benefit and the defined contribution plans.
The City Council of the City of Coatesville shall annually set
aside, apportion and appropriate to the plan such amount as by law
and actuarial standards and recommendations shall be proper.
The pension accrued at any date other than the employee's
normal retirement date is equal to the pension determined according
to the normal retirement benefit formula, but based upon the employee's
credited service at the date of determination.
The Pension Plan Administrator, designated by the Council of
the City, shall administer the plan.