[HISTORY: Adopted by the Borough Council
of the Borough of Mars as indicated in article histories. Amendments
noted where applicable.]
[Adopted 2-2-2009 by Ord.
No. 428]
Mars Borough (the Borough) hereby elects to enroll its municipal
employees in the Pennsylvania Municipal Retirement System (the system),
established by the Pennsylvania Municipal Retirement Law, Act 15 of
1974, as amended,[1] with the express purpose of having the system administer
the pension plan established for the municipal employees of the Borough.
The Borough 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 by said law. All
references hereafter shall be based on benefits negotiated between
the Pennsylvania Municipal Retirement Board (the Board) and the Borough
under the provisions of Article IV of the Pennsylvania Municipal Retirement
Law.
[1]:
Editor's Note: See 53 P.S. § 881.101 et seq.
Membership in the system shall be mandatory for all full-time
municipal employees of the Borough. Membership for elected officials,
part-time employees, and employees hired on a temporary or seasonal
basis is prohibited, as is membership for individuals paid only on
a fee basis.
Credit for service toward the annuity of each original member
shall begin to accrue upon the member's date of enrollment in the
system. However, for purposes of determining eligibility for early
retirement and vesting, credited service shall accrue from each original
member's date of hire or expiration of the member's probationary period,
if one so existed, whichever is most recent. Benefits provided to
members in the agreement between the Board and the Borough dated February
2, 2009 (agreement), shall accrue based on all credited service granted
and earned in accordance with this section.
Payment for any obligation established by the adoption of this
article and the agreement 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.[1]
[1]:
Editor's Note: See 53 P.S. § 881.101 et seq. and
53 P.S. § 895.101 et seq., respectively.
As part of this article, the Borough agrees that the system
shall provide the benefits set forth in the agreement. The passage
and adoption of this article by the Borough is an official acceptance
of said agreement and the financial obligations resulting from the
administration of said benefit package. The Borough hereby assumes
all liability for any unfundedness created due to the acceptance of
the benefit structure outlined in the above-referenced agreement.
The Borough intends this article to be the complete authorization
of the Borough's municipal pension plan.
A duly certified copy of this article and the referenced agreement
shall be filed with the Pennsylvania Municipal Retirement System of
the Commonwealth of Pennsylvania. Membership for the municipal employees
of the Borough in the system shall be effective the first day of January
2009.
[Adopted 2-7-2011 by Ord.
No. 434]
Mars Borough (the Borough) hereby elects to establish a police
pension plan with the Pennsylvania Municipal Retirement System (the
system) in accordance with Article IV of the Pennsylvania Municipal
Retirement Law, 53 P.S. § 881.101 et seq. (Retirement Law),
to be administered by the system for its police. The Borough hereby
agrees to be bound by all the requirements and provisions of the Retirement
Law and the Municipal Pension Plan Funding Standard and Recovery Act,
53 P.S. § 895.101 et seq., and to assume all obligations,
financial and otherwise, placed upon member municipalities.
As part of this article, the Borough agrees that the system
shall administer and provide the benefits set forth in the police
pension plan entered into between the Pennsylvania Municipal Retirement
Board and the Borough dated _____ (the contract).
The passage and adoption of this article by the Borough is an
official acceptance of the contract and the financial obligations
resulting from the administration of the contract.
Payment for any obligation established by the adoption of this
article and the contract shall be made by the Borough in accordance
with the Retirement Law and the Municipal Pension Plan Funding Standard
and Recovery Act.[1] The Borough hereby assumes all liability for any unfundedness
created due to the benefit structure set forth in the contract.
[1]:
Editor's Note: See 53 P.S. § 881.101 et seq. and
53 P.S. § 895.101 et seq., respectively.
The Borough intends this article to be the complete authorization
of the contract, and it shall become effective and specifically repeal
Ordinance No. 429 either immediately or on December 1, 2010, which
is the effective date of the contract, whichever is later.
A duly certified copy of this article and an executed contract
shall be filed with the system.
By adoption of this article, the Borough agrees to terminate,
upon the effective date of the contract, any previously maintained
pension plan applicable to its police and to transfer all assets from
any existing plan to offset the established liability and to transfer
all liabilities relating to retirement allowances or pensions. Liabilities
not so transferred, whether known or not known at the time of the
Borough's enrollment into the system, shall remain with the Borough.
The Borough hereby acknowledges that an affirmative vote representing
at least 75% of the plan members indicated that the members approved
the establishment of the contract with the system.
