(a) An employee included as a member under the prior provisions of the Employees' Pension Plan as of the effective date of the Restated Plan shall continue to participate in accordance with the provisions of this Plan.
(b) Each full-time non-uniformed employee of the Borough or of the Swarthmore Public Library who was hired on or before December 31, 2009 and who works not less than 35 hours per week shall be a Plan Participant.
(c) Participation and membership in the Plan shall be closed to any person who commences employment with the Borough or the Swarthmore Public Library on or after January 1, 2010.
(d) In order to maintain membership in the Plan, each employee shall, in writing, designate a beneficiary or beneficiaries to whom payments shall be made in the event of such employee's death while an employee of the Borough and while a member of the Plan, and stipulate and agree that he or she shall be bound by the provisions of the law pertaining to the Plan and of this chapter and of any future statute or ordinance pertaining thereto.
(e) If an employee shall satisfy the requirements set forth in subsection (a) or (b) hereof, he or she shall become a member of the Plan as of the first day of the Plan year following the date on which the employee satisfied such requirements.
(f) Within the first ten days of each Plan year, the employer shall furnish to the Pension Committee a list of the last day of the previous Plan year, showing all employees (including all employees whose service terminated during the preceding Plan year), the date of employment or reemployment, the date of membership in the Plan, the years of credited service, the hours of service, the compensation of each employee, the date of termination of any terminated employees, and the reason for such termination.
(g) The Pension Committee shall, upon receipt of the list from the Employer specified in subsection (f) hereof, obtain an information statement from each new member of the Plan, in accordance with Section 284.30.
(Ord. 826. Passed 10-9-84; Ord. 1019. Passed 4-14-08; Ord. 1030. Passed 12-21-09; Ord. 1032. Passed 3-8-10.)