§ 45-11. Military service to be credited.

A. 

Intervening military service. Any member of the Township police force who has been in service or who thereafter enters the military service of the United States shall have credited to his employment record for pension benefits all of his time in the military service if he returns to his employment within six months after his separation from military service.

B. 

Nonintervening military service credit. The amount due for the purchase of credit for military service other than intervening military service shall be computed by complying the average normal cost rate for Borough, Town, Township and Regional Police Pension Plans as certified by the Public Retirement Commission, but not to exceed 10%, to the members average annual rate of compensation over the first three years of municipal service and multiplying the result by the number of years and fractional part of a year of creditable non-intervening military service being purchased together with interest at a rate of 4 3/4 % annually from the date of initial entry into military service to the date of payment.

Amended 7-10-2018 by Ord. No. 737