PRINTER'S NO. 1365
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1142
Session of
2017
INTRODUCED BY BRIGGS, APRIL 12, 2017
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, APRIL 12, 2017
AN ACT
Amending the act of December 18, 1984 (P.L.1005, No.205),
entitled, as amended, "An act mandating actuarial funding
standards for all municipal pension systems; establishing a
recovery program for municipal pension systems determined to
be financially distressed; providing for the distribution of
the tax on the premiums of foreign fire insurance companies;
and making repeals," in standards for municipal pension
systems, further providing for definitions and providing for
special procedures for certain professional services
contracts.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "professional service contract"
in section 701-A of the act of December 18, 1984 (P.L.1005,
No.205), known as the Municipal Pension Plan Funding Standard
and Recovery Act, is amended to read:
Section 701-A. Definitions.
The following words and phrases when used in this chapter
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Professional services contract." A contract to which [the]
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a municipal pension system having 100 or more active members is
a party that is:
(1) for the purchase or provision of professional
services, including investment services, legal services, real
estate services and other consulting services; and
(2) not subject to a requirement that the lowest bid be
accepted.
Section 2. The act is amended by adding a section to read:
Section 702.1-A. Special procedures for certain professional
services contracts.
The governing body of each municipal pension plan system,
having less than 100 active members, shall select the most
qualified person to enter into a contract to administer, manage
or service the municipal pension plan. To ensure that the
availability of a contract to administer, manage or service a
municipal pension plan is provided to potential participants,
the governing body shall:
(1) Announce at two consecutive regularly scheduled
public meetings the availability of the contract.
(2) Post the availability of the contract on the
official Internet website of the municipality, if any, for a
period of no less than two weeks.
Section 3. This act shall take effect in 60 days.
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