[HISTORY: Adopted by the Board of Supervisors of the Township of Hamilton as indicated in article histories. Amendments noted where applicable.]
[Adopted 11-3-1993 by Ord. No. 66]
A. 
The pension plan shall be known as the "Hamilton Township and Abbottstown Borough Police Pension Plan."
B. 
The effective date of the plan shall be January 1, 1993.
As used in this article, the following terms shall have the meanings indicated:
ACT 205
The Act of Assembly of the Commonwealth of Pennsylvania, approved the 18th day of December 1984, as amended, Act. No. 205, known as the “Municipal Pension Plan Funding Standard and Recovery Act.”[1]
AGGREGATE SERVICE
The total years of service, not necessarily continuous, including years of service prior to the effective date of the plan.
BOARD OF SUPERVISORS AND BOROUGH COUNCIL
The Hamilton Township Board of Supervisors and Abbottstown Borough Council.
CHIEF ADMINISTRATIVE OFFICER
The individual appointed by the Board of Supervisors and Borough Council for this pension plan.
COMPENSATION
Compensation of the police officer as reported on the annual IRS form W-2.
EMPLOYER
Hamilton Township and Abbottstown Borough.
FUND
Assets of this police pension plan.
MEMBER
Any sworn police officer employed by Hamilton Township and Abbottstown Borough on a full-time basis (35 or more hours per week), who has completed the eligibility requirements of this plan.
NORMAL RETIREMENT DATE
The first day of the month coincident with or immediately following the date the officer completes 25 years of aggregate service and has attained age 50.
OFFICER
Any sworn police officer employed by Hamilton Township and Abbottstown Borough on a full-time basis.
PLAN
This plan.
TOTAL AND PERMANENT DISABILITY
A physical or mental condition resulting from bodily injury or disease or mental disorder which renders the officer incapable of engaging in meaningful employment.
[1]
Editor's Note: See 53 P.S. § 895.101 et seq.
A. 
"Trustee" shall be appointed by the Borough Council and Board of Supervisors.
[Amended 9-13-2004 by Ord. No. 108]
B. 
The chief administrative officer shall be appointed by the Borough Council and Board of Supervisors and shall be responsible for the management and operation and administration of the plan.
Any officer shall become a member of the plan upon the completion of six months of employment.
A. 
The plan shall be funded as follows and in the following order:
(1) 
By the payment made to the Borough and Township by the State Treasurer under Act 205, which will become available three years after the establishment of this plan.
(2) 
By annual appropriations of the Township and Borough.
B. 
Payments made to the Borough and Township under Act 205 which should be received by the Borough and Township by the first working day of October shall be deposited by the Borough and Township into the pension plan fund within 30 days of receipt.
Upon attaining normal retirement age under the plan, an officer may retire and receive benefits.
A. 
Upon retirement, an officer would be eligible to receive his account balance under the plan. His account balance shall include the following:
(1) 
Annual contributions made on behalf of the officer in the amount of $4,000;
(2) 
Net investment earnings (or losses) credited to his account annually under the plan;
(3) 
Forfeitures which may arise as officers terminate employment before becoming 100% vested; and
(4) 
Voluntary contributions made by the officer.
B. 
The benefits herein provided for shall not be subject to attachment, execution, levy, garnishment or other legal process, and shall be payable only to the officer or his/her designated beneficiary and shall not be subject to assignment or transfer.
A. 
Should an officer, before attaining normal retirement age but after completing 10 years of aggregate service, for any reason cease to be employed as an officer, he/she shall be entitled to become vested in his/her account balance under the plan. Distribution of such account balance may then occur as soon as practical after the end of the calendar year of termination of employment.
B. 
An officer will be fully vested in his/her own contributions and related investment earnings at all times.
An officer will also vest in their account balance under the plan in the event of death or disability.