Township of Easttown, PA
Chester County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Board of Supervisors of the Township of Easttown as indicated in article histories. Amendments noted where applicable.]
[Adopted 5-20-1974 by Ord. No. 120]

§ 56-1 Establishment of plan; statutory authority.

A revised Employees Pension Plan and Trust (hereinafter designated "plan") is hereby established for the benefit of the eligible employees of Easttown Township. The existing pension fund plan is hereby replaced. The aforesaid establishment and replacement are as provided for in the Act of May 1, 1933, P.L. 103, Article VII, Section 702, Clause XIII, as amended.[1]
[1]
Editor's Note: See 53 P.S. § 66512.

§ 56-2 Effective date.

The plan adopted hereby is effective as of January 1, 1974.

§ 56-3 Trust agreement between Township and bank.

A certain trust agreement by and between Easttown Township and Provident National Bank as trustee is on file in the office of the Township Secretary. The proper officers of the Township are authorized to execute said trust agreement on behalf of the Township (together with such amendments as the Township may deem proper).

§ 56-4 Agreement on file in Township offices.

The aforementioned trust agreement shall remain on file in the office of the Township Secretary and may be inspected during normal business hours by interested employees and citizens of the Township.

§ 56-5 Adoption of plan; provisions.

The Supervisors of Easttown Township shall adopt by resolution the Employees Pension Plan of Easttown Township. Such plan shall designate the beneficiaries of said plan and the terms under which benefits shall be paid to such beneficiaries and shall provide for appropriations and contributions to such fund and shall provide regulations with respect to the eligibility, participation, contribution and retirement under such plan and shall fix the amount of benefits and provide for the proper administration of said plan.

§ 56-6 Authorization to establish administration procedures.

The Township Secretary is hereby authorized to establish the necessary system of payroll deductions and accounting procedures necessary for the proper administration of the plan.

§ 56-7 Authorization to appropriate funds.

The Supervisors are hereby authorized to appropriate from the proper funds of the Township such amounts as may from time to time be necessary for the funding of the plan.

§ 56-8 Transfer of funds to plan.

All funds, accounts or credits held or accrued under the existing plan known as the "Pension Plan" shall, as may be deemed appropriate by the Supervisors, be transferred and incorporated in the plan and trust agreement established hereunder.

§ 56-9 Administration.

The plan shall be administered under the direction of the Board of Supervisors of Easttown Township pursuant to the applicable laws of the Commonwealth of Pennsylvania.
[Adopted 5-20-1974 by Ord. No. 121]

§ 56-10 Establishment of plan; statutory authority.

A revised Uniformed Employees Pension Plan and Trust (hereinafter designated "plan") is hereby established for the benefit of the eligible uniformed employees of Easttown Township. The existing police pension fund plan is hereby replaced. The aforesaid establishment and replacement are as provided for in the Act of May 29, 1956, P.L. (1955) 1804, as amended.[1]
[1]
Editor's Note: See 53 P.S. § 767 et seq.

§ 56-11 Effective date.

The plan adopted hereby is effective as of January 1, 1974.

§ 56-12 Trust agreement between Township and bank.

A certain trust agreement by and between Easttown Township and Provident National Bank as trustee is on file in the office of the Township Secretary. The proper officers of the Township are authorized to execute said trust agreement on behalf of the Township (together with such amendments as the Township may deem proper).

§ 56-13 Agreement on file in Township offices.

The aforementioned trust agreement shall remain on file in the office of the Township Secretary and may be inspected during normal business hours by interested employees and citizens of the Township.

§ 56-14 Adoption of plan; provisions.

The Supervisors of Easttown Township shall adopt by resolution the Uniformed Employees Pension Plan of Easttown Township. Such plan shall designate the beneficiaries of said plan and the terms under which benefits shall be paid to such beneficiaries and shall provide for appropriations and contributions to such fund and shall provide regulations with respect to the eligibility, participation, contribution and retirement under such plan and shall fix the amount of benefits and provide for the proper administration of said plan.

§ 56-15 Authorization to establish administration procedures.

The Township Secretary is hereby authorized to establish the necessary system of payroll deductions and accounting procedures necessary for the proper administration of the plan.

§ 56-16 Authorization to appropriate funds.

The Supervisors are hereby authorized to appropriate from the proper funds of the Township such amounts as may from time to time be necessary for the funding of the plan.

§ 56-17 Transfer of funds to plan.

All funds, accounts or credits held or accrued under the existing plan known as the "Police Pension Fund" shall, as may be deemed appropriate by the Supervisors, be transferred and incorporated in the plan and trust agreement established hereunder.

§ 56-18 Administration.

The plan shall be administered under the direction of the Board of Supervisors of Easttown Township pursuant to the applicable laws of the Commonwealth of Pennsylvania.