Township of South Fayette, PA
chevron_right
2023-10-11
info
chevron_right
Part I: Administrative Legislation
chevron_right
Chapter 60 Pensions
chevron_right
Part 2 Non-Union Employees Pension Plan
chevron_right
Article XVI Allocation of Contributions
- Part I: Administrative Legislation
- Ch 1 General Provisions
- Ch 6 Auditor
- Ch 10 Authorities, Municipal
- Ch 19 Emergency Services
- Ch 24 Expenses, Reimbursement of
- Ch 30 Fire Department
- Ch 37 Local Government Investment Trust
- Ch 43 Manager
- Ch 49 Meetings
- Ch 56 Parks and Recreation Board
- Ch 60 Pensions
- Ch 60 Pt 2 Art XVI Allocation of Contributions
- § 60-82 Separate accounting.
- § 60-83 Allocation of contributions.
- § 60-84 Eligible participants.
- Ch 65 Planning Commission
- Ch 69 Police Department
- Ch 74 Salaries and Compensation
- Ch 79 Social Security
- Part II: General Legislation
- Ch 94 Adult Entertainment
- Ch 95 Advertising Materials
- Ch 97 Alarms
- Ch 99 Amusement Devices
- Ch 102 Animals
- Ch 108 Billposting
- Ch 114 Blasting
- Ch 120 Brush, Grass and Weeds
- Ch 125 Building Construction
- Ch 130 (Reserved)
- Ch 133 Burning, Outdoor
- Ch 141 Curfew
- Ch 145 Disorderly Locations
- Ch 148 Dumping and Littering
- Ch 155 Fire Prevention
- Ch 157 Fireworks
- Ch 160 Floodplain Management
- Ch 163 Grading and Excavating
- Ch 165 Insurance
- Ch 166 Junk Dealers and Junkyards
- Ch 171 Nuisances
- Ch 177 Occupancy Permits
- Ch 180 Oil and Gas Exploration
- Ch 183 Parks and Recreation Areas
- Ch 187 Peddling and Soliciting
- Ch 191 Poles and Wires
- Ch 195 Property Maintenance
- Ch 200 Sewers
- Ch 205 Solid Waste
- Ch 210 Streets and Sidewalks
- Ch 211 Transportation Impact Fee
- Ch 215 Subdivision and Land Development
- Ch 220 Taxation
- Ch 224 Vandalism
- Ch 227 Vehicles and Traffic
- Ch 231 Vehicles, Motorized
- Ch 240 Zoning
- Appendix
- Ch A249 Cable Television Franchise
- Ch A250 Library Board Bylaws
- Ch A251 Senior Citizens Association Bylaws
- Ch A252 Athletic Association Bylaws
- Ch A253 Environmental Advisory Council Bylaws
- Disposition List
- Ch DL Disposition List
The Plan Administrator shall establish and maintain
a separate account for each participant. The participant shall be
informed of the fair market value of the account at least once a year.
[Amended 1-13-2016 by Ord. No. 1-2016]
A.
The contributions of the employer with respect to any plan year shall be allocated to the account of each eligible participant as defined in § 60-84. Allocations shall be determined as of the valuation date and shall occur at such time as the total contribution for the plan year has been made. Any contribution made in respect of any plan year by the employer shall be deemed to have been made as of the valuation date occurring at the end of the plan year with respect to which such contribution was made.
B.
For ease of administration and to permit plan participants to self direct investments under § 60-86, any contributions paid into the pension fund may be allocated to the account of each participant when the contribution is deposited, even though such final allocation shall be deemed to occur as of each annual valuation date only for purposes of establishing the right of any participant or beneficiary to share in the contributed amount or any earnings thereon.
For purposes of allocating employer contributions pursuant to § 60-83 above, the term "eligible participant" shall mean participants who are in active employment and receive compensation as an employee of any time during the applicable plan year.
