Public Notice - Ordinance Amending the Employee Pension ...



PUBLIC NOTICEFord City BoroughAt its regular meeting to be held on Monday, January 11, 2021, at 6:30 p.m., which, due to the COVID-19 pandemic and in response to federal and state emergency management restrictions and recommendations, will be conducted through the use of remote audio and video conference services (Zoom), the Council of the Borough of Ford City will consider the adoption of, and if appropriate enact, the following proposed ordinance:AN ORDINANCE of the Borough of Ford City, Armstrong County, Pennsylvania Electing to establish and adopting a municipal Retirement system cash balance pension plan TO BE ADMINISTERED BY THE PENNSYLVANIA MUNICIPAL RETIREMENT SYSTEM PURSUANT TO ARTICLE IV OF THE PENNSYLVANIA MUNICIPAL RETIREMENT LAW for the benefit of Full-Time, non-uniform Employees of the Borough HIred on or after January 1, 2018 and agreeing to be bound by all provisions of the pennsylvania municipal reitrement law as amended. This proposed ordinance: (1) establishes a Pennsylvania Municipal Retirement System Cash Balance Pension Plan for the benefit of full-time, non-uniform Borough employees hired on or after January 1, 2018; (2) establishes the Cash Balance Plan’s effective date; (3) authorizes and directs appropriate Borough officials to execute and deliver such instruments and to take such actions as may be necessary or appropriate to establish and maintain the Cash Balance Plan; (4) establishes the severability of the Ordinance; (5) repeals all prior inconsistent ordinances; and (6) sets forth the ordinance effective date.A complete true and correct copy of the proposed ordinance is on file and may be examined by appointment only at the Ford City Borough Municipal Building, 1000 Fourth Avenue, Ford City, PA 16226, during the hours of 9:00 a.m. to 4:00 p.m., Monday through Friday. Please call the Borough office at (724) 763-3081 to schedule an appointment. A copy of the proposed ordinance is also available for inspection at the office of the Armstrong County Prothonotary and Clerk of Courts, Armstrong County Courthouse, 500 E. Market Street, Kittanning, PA, 16201. The audio and video conference call-in information for the January 11, 2021 regular Borough Council meeting is available to the public on the Borough’s website at and is posted on the front doors of the Borough Building, 1000 4th Avenue, Ford City, PA 16226, and the Latin American Club, 1218 Third Avenue, Ford City, PA 16226.Notice to be Advertised/Proof of Publication: January 4, 2021 ................
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