The Council of the borough shall designate a chief administrative officer of the Police Pension Plan and Fund annually at its reorganization meeting. The chief administrative officer shall be responsible for the administration, management, operation, and application of the Plan and Fund including, but not limited to, those responsibilities placed upon him or her by the Municipal Pension Plan Funding Standard Recovery Act. In the absence of such designation, the Secretary of the borough shall automatically serve as the chief administrative officer of the Police Pension Plan and Fund. The chief administrative officer shall be subject to such regulations as may from time to time be established by the Council of the borough regarding the care, investment, and disposal of any money or property received by the borough in trust for the benefit of the Police Pension Plan and Fund, not inconsistent with this subchapter and applicable law.
(Prior Code, Ch. 1, Pt. 6, § 602) (Ord. 2-2001, passed 7-2-2001)