Must the mandatory benefits as provided for in Act 600 be established by ordinance or resolution?
Yes. In the event discretionary benefits are provided, they must also be authorized by ordinance or resolution. Must both the age and service requirement be met during employment to qualify for normal retirement benefits? Yes. Both requirements must be met. Must the municipality stipulate the rate of interest to be paid on the refund of members’ contributions in an ordinance or resolution? Either the rate or the method to calculate the rate must be established. If a member is eligible for pension and dies in service without an insured death benefit or widow’s pension, is his beneficiary entitled to a refund of his contributions? Yes. The member is ineligible for a pension due to death, and therefore a refund of his contributions plus interest is paid to his beneficiary or, in the absence thereof, his estate. What steps are involved when determining a retirement benefit? The municipality must maintain a copy of the pension determination (computation) which should include: Pension plan c
