[Ord. 2131, 8/23/2004, § 1]
The Ross Township Board of Commissioners does hereby authorize
the creation of a General Employees Pension Advisory Committee comprised
of two members of the Ross Township Board of Commissioners, and one
member of the Ross Township clerical staff, one member of the administrative
staff, and one member of the Public Works Department to be nominated
by their respective departments and submitted to the Board of Commissioners
for approval.
[Ord. 2131, 8/23/2004, § 2]
The General Employees Pension Advisory Committee shall be empowered
to address pension issues of any nature whatsoever that shall be brought
to it periodically from the employees, or the Ross Township Board
of Commissioners, or the Ross Township administration.
[Ord. 2131, 8/23/2004, § 3]
The General Employees Pension Advisory Committee shall be advisory
in nature only, and shall provide recommendations related to said
pension to the Board of Commissioners for their review and action.
Pursuant to all statutes, rules and regulations related to pensions,
final authority relative to any such recommendations shall vest in
the Ross Township Board of Commissioners in the proper exercise of
its fiduciary duties.
[Ord. 2131, 8/23/2004, § 4]
The General Employees Pension Advisory Committee shall address
any and all pension issues including, but not limited to, addressing
questions to the actuary, short of seeking an actuarial study, which
shall be only done at the direction of the Board of Commissioners;
reviewing, periodically, and recommending to the Board of Commissioners
concerning the appointment of an actuary and/or investment manager(s);
reviewing and recommending to the Board of Commissioners for action
as to expenditures concerning the pension fund and making recommendations
concerning said investments and/or the employment of an investment
manager(s) to the Board of Commissioners for the action on said recommendation;
and/or recommendation for action by the Board of Commissioners concerning
proposed amendments to the pension plan.
[Ord. 2131, 8/23/2004, § 5]
Following the initial appointment by the Board of Commissioners
of two members from said Board, as well as three employees nominated
by the respective departments, thereafter said membership shall be
subject to review and approval at each reorganization meeting of the
Board of Commissioners.
