§ 45-2. Contributions to fund.

Annual contribution rates for members shall be determined by the Township's actuary, after conducting an actuarial study of the plan. The actuarial study conducted for purposes of determining the members' contribution rate shall be completed no later than December 15 of the previous year. The rate of the members' contribution shall be calculated in accordance with Section 6 of Act 600, 53 P.S. § 772. Except in the event of fraud or mistake, the contribution rate recommended by the actuary shall be final and binding and shall not be subject to the grievance and arbitration procedure under the collective bargaining agreement between the Township and the Police Benevolent Association.

Amended 8-15-1990 by Ord. No. 397; 7-8-2014 by Ord. No. 686