[Ord. 296, 12/13/2005, § 1]
The Borough of Middleburg, being a member municipality of the
Pennsylvania Municipal Retirement System, hereby elects to change
its police pension 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.
[Ord. 296, 12/13/2005, § 2]
Membership in the Pennsylvania Municipal Retirement System shall
be mandatory for all full-time police officers of the Borough. 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.
[Ord. 296, 12/13/2005, § 3]
Credit for prior service for original members is granted for
each year or partial year thereof that the member was employed by
the Borough from the 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 October 11, 2005, shall accrue based
on all credited service granted and earned in accordance with this
section.
[Ord. 296, 12/13/2005, § 4]
Payment for any obligation established by the adoption of this
Part and the agreement between the System and the Borough of Middleburg
shall be made by the Borough in accordance with the Pennsylvania Municipal
Retirement Law and Act 205 of 1984, the Municipal Pension Plan Funding
Standard and Recovery Act.
[Ord. 296, 12/13/2005, § 5]
As part of this Part, the Borough agrees that the System shall
provide the benefits set forth in the agreement between the Board
and the Borough of Middleburg, dated October 11, 2005. The passage
and adoption of this Part by the Borough of Middleburg is an official
acceptance of said agreement and the financial obligations resulting
from the administration of said benefit package. The Borough of Middleburg
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.
