[Amended 3-13-1989 by Ord. No. 89-3]
Effective as of January 1, 1973, Marple Township
(the "employer") established a retirement plan for its employees who
are participants of the Marple Township Nonuniformed Pension Plan
(the "plan").
The plan has been amended and restated from
time to time.
All participating employees are required to
make mandatory monthly contributions to the plan.
It is intended that such pickup of employee
contributions by the employer shall be in accordance with the provisions
of Section 414(h)(2) of the Internal Revenue Code and that the contributions
so picked up shall thereupon be deemed employer contributions.
The employees participating in the plan do not
have the option of receiving the amount which they contribute; said
contributions are contributed directly to the plan.
The plan document will be attached hereto and
made part hereof this article.