[Adopted 10-12-1995 by Ord. No. 490[1]; amended in its entirety 7-10-2008 by Ord. No. 532]
[1]
Editor's Note: This ordinance superseded former Ch. 16, Pension Plan, adopted 12-12-1991 by Ord. No. 466.
This article specifically replaces all other ordinances or parts of ordinances establishing provisions for the Non-Union Pension Plan. This article replaces the retirement plan for the nonuniformed employees of Colwyn Borough through the adoption of the Colwyn Borough Non-Uniform Retirement Plan, effective January 1, 2008.
This article establishes a retirement plan for the nonuniformed employees of Colwyn Borough through the adoption of the Pension Plan document effective January 1, 2008.[1]
[1]
Editor's Note: The Pension Plan document is on file in the Borough offices.
In the event that any provision, section, sentence, clause or part of this retirement plan shall be held to be invalid, such invalidity shall not affect or impair any remaining provision, section, sentence, clause or part of the retirement plan, it being the intent of the Borough that such remainder shall be and remain in full force and effect.