EXHIBIT 10.4

NATIONAL PENN BANCSHARES, INC. PENSION PLAN
(Amended and Restated Effective January 1, 2001)
Amendment No. 8

National Penn Bancshares, Inc. (the "Company") adopted the National Penn
Bancshares, Inc. Pension Plan (Amended and Restated Effective January 1, 2001)
(the "Plan") for the benefit of certain of its Employees (as defined in the
Plan) and its subsidiaries' Employees. The Company subsequently amended the Plan
by Amendment Nos. 1-7 thereto.  The Company hereby amends the Plan as
hereinafter set forth effective April 10, 2006.

Schedule A to the Plan is amended to add Resources for Retirement, Inc. under
the heading “Predecessor Employer”, and across from it to make the additions
under columns (1) and (2) set forth below.  All service with Resources for
Retirement, Inc. shall be credited for purposes of initial eligibility to
participate and vesting.  No service with Resources for Retirement, Inc. shall
be credited for purposes of benefit accrual.
 
 
Predecessor Employer
(1)
Eligibility/Vesting
(2)
Benefit Accrual
     
Resources for Retirement, Inc.
 all service
April 10, 2006

Executed this 8th day of May, 2006.

Attest:
NATIONAL PENN BANCSHARES, INC.
       
By:  /s/ Paul Fistner
By:  /s/ Earl Houseknecht

 
 
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