53 Pa. Stat. § 896.501

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 896.501 - Actuarial funding by municipality

A municipality shall fund the actuarial liability attributable to a special ad hoc adjustment under the provisions of the act of December 18, 1984 (P.L. 1005, No. 205), known as the Municipal Pension Plan Funding Standard and Recovery Act, and shall include that actuarial liability in the actuarial valuation report under that act or under the act of December 6, 1972 (P.L. 1383, No. 293), entitled "An act requiring municipal pension systems to have an actuarial investigation of the fund made by an actuary who shall report his findings to the Department of Community Affairs."

53 P.S. § 896.501

1988, Dec. 14, P.L. 1192, No. 147, § 501, effective in 60 days.