RESOLUTION ADOPTING AMENDMENTS TO THE PHILADELPHIA BAR ASSOCIATION PENSION PLAN

WHEREAS, the Philadelphia Bar Association maintains a pension plan known as the Philadelphia Bar Association Pension Plan (the “Plan”); and

WHEREAS, recent changes regarding contributions to the Plan approved by the Association’s Pension Committee require that Article IV, Section 4.01(b) of the Plan be amended; and

NOW, THEREFORE, in accordance with the authority granted to them under the plan, the Board of Governors hereby takes the following action:

RESOLVED that the Association hereby amends Article IV, Section 4.01(b) of the Plan (see attached) to adopt changes to employer contributions to the Plan, effective January 1, 2020.

AND BE IT FURTHER RESOLVED that the Association hereby authorizes and directs the Executive Director to take such other and further actions as may be deemed necessary or appropriate, in consultation with the Pension Committee, to effectuate this amendment to the Plan.

PHILADELPHIA BAR ASSOCIATION
BOARD OF GOVERNORS
ADOPTED: January 23, 2020