[Ord. 991, 2/14/2002]
1.
The previous ordinances or resolutions relating to the Borough of
Shillington Nonuniformed Pension Plan with an effective date prior
to the adoption date of the amendment and restatement of the plan
are hereby repealed with respect to benefits accruing on or after
the amendment and restatement effective date, and the attached amendment
and restatement of the plan is enacted;[1] and further, the previous ordinances or resolutions relating
to the Borough of Shillington Nonuniformed Pension Fund with an effective
date prior to the adoption date of the amendment and restatement of
the trust are hereby repealed, and the attached amendment and restatement
of the trust is enacted. Michael D. Mountz is appointed as the Chief
Administrative Officer of the plan. Michael D. Mountz, as the agent
of the employer, is authorized and directed to execute the attached
amendment and restatement of the plan and the attached amendment and
restatement of the trust. The Shillington Borough Council is hereby
confirmed as the Trustee of the trust.
[1]
Editor's Note: The "attached amendment and restatement"
of the plan and trust is on file in the Borough offices.
[Ord. 1012, 10/9/2003; as amended by Ord. 1074, 11/8/2007;
and by Ord. 1093, 1/8/2009]
1.
The attached amendment of the Borough of Shillington Nonuniformed
Pension Plan is enacted.[1] Michael D. Mountz, as the agent of the employer, is authorized
and directed to execute the attached amendment of the plan.
[1]
Editor's Note: The "attached amendment of the Borough
of Shillington Nonuniformed Pension Plan" is on file in the Borough
offices.
2.
Amending the plan to comply with Internal Revenue Code, § 401(a)(31)(B)(i),
and the final regulations issued under Internal Revenue Code, § 401(a)(9).
3.
Amending the plan to comply with the Pension Funding Equity Act of
2004, Pension Protection Act of 2006, and the final regulations issued
under the Internal Revenue Code, § 415.
4.
Amending the plan in order to comply with the Pension Protection
Act of 2006 and the Heroes Earnings Assistance and Relief Tax Act
of 2008 (HEART).
[Added by Ord. 1130, 11/10/2011]
5.
Amending
the plan in order to comply with the state laws and regulations in
effect as of May 20, 2014.
[Added by Ord. 1166, 6/18/2015]
