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House Bill 1828; Regular Session 2009-2010


Printer's No.(PN):
Short Title:
An Act amending the act of December 18, 1984 (P.L.1005, No.205), known as the Municipal Pension Plan Funding Standard and Recovery Act, amending the title of the act; in preliminary provisions, further providing for definitions; in preliminary provisions, providing for methodology; in municipal pension plan actuarial reporting, further providing for contents of actuarial valuation report and providing for actuarial asset valuation and for revised actuarial valuation report; in minimum funding standard for municipal pension plans, further providing for minimum funding standard and defined benefit plans self-insured in whole or in part; in revisions applicable to municipal pension fund financing, further providing for revision of financing from State revenue sources and General Municipal Pension System State Aid Program; in financially distressed municipal pension plan determination procedure, further providing for initiation of distress determination, for pension plans to be included in determination and for determination procedure; in financially distressed municipal pension system recovery program, further providing for application, for election determination procedures, for recovery program level I, for recovery program level II, for recovery program level III, for remedies, for supplemental State assistance program and fund and for regulations; providing for standards for municipal pension systems; in alternative funding mechanisms, making an editorial change, further providing for alternative funding mechanism and providing for cities of the first class and for special taxing authority; providing for deferred retirement option plans; and making a related repeal.
PN 2384
Referred to APPROPRIATIONS, July 3, 2009
Reported as committed, July 6, 2009
First consideration, July 6, 2009
Re-committed to RULES, July 6, 2009
Re-reported as committed, July 7, 2009
Re-committed to APPROPRIATIONS, July 7, 2009
PN 2521
Re-reported as amended, July 30, 2009
Second consideration, Aug. 4, 2009
Third consideration and final passage, Aug. 5, 2009 (112-85)
In the Senate
Referred to FINANCE, Aug. 5, 2009
PN 2606
Reported as amended, Aug. 24, 2009
First consideration, Aug. 24, 2009
Second consideration, Aug. 25, 2009
PN 2609
Amended on third consideration, Aug. 26, 2009
Re-referred to APPROPRIATIONS, Aug. 26, 2009
Re-reported as committed, Aug. 26, 2009
Third consideration and final passage, Aug. 26, 2009 (38-9)
(Remarks see Senate Journal Page 1296-1305), Aug. 26, 2009
In the House
Referred to RULES, Aug. 27, 2009
PN 2638
Reported as amended, Sept. 10, 2009
House concurred in Senate amendments, as amended by the House, Sept. 11, 2009 (113-76)
(Remarks see House Journal Page 1832-1838), Sept. 11, 2009
In the Senate
Re-reported on concurrence, as committed, Sept. 17, 2009
Senate concurred in House amendments to Senate amendments, Sept. 17, 2009 (32-17)
(Remarks see Senate Journal Page 1349-1351), Sept. 17, 2009
Signed in House, Sept. 17, 2009
Signed in Senate, Sept. 18, 2009
Presented to the Governor, Sept. 18, 2009
Approved by the Governor, Sept. 18, 2009
Act No. 44
* denotes current Printer's Number