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Board approves resolution transferring police pension assets to SARPD
Summary
Supervisors approved Resolution No. 2 of 2026 to transfer pension assets for officers who moved to SARPD so SARPD will manage those assets; the measure was prepared by special labor counsel and approved by voice vote.
The board considered a resolution, prepared by special labor counsel, to transfer pension assets for officers who have moved to SARPD so those funds would be managed by the regional police department.
A supervisor explained the resolution covers actuarial calculations from the date SARPD assumed responsibility for the officers through the present; the paperwork was prepared by the township's special labor counsel. "It's amended to be with the actuarial in there," a member said while confirming the transfer would reflect time elapsed since officers joined SARPD.
A motion to approve Resolution No. 2 of 2026, transferring pension assets to SARPD, was made, seconded, and approved by voice vote. Board members completed signature logistics at the meeting and indicated the resolution would be filed and copies exchanged.
