PRINTER'S NO. 1535
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1268
Session of
2017
INTRODUCED BY CALTAGIRONE, DELOZIER, O'NEILL, PASHINSKI,
MILLARD, SOLOMON, RYAN, GILLEN AND GOODMAN, APRIL 24, 2017
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, APRIL 24, 2017
AN ACT
Amending the act of February 1, 1974 (P.L.34, No.15), entitled
"An act creating a Pennsylvania Municipal Retirement System
for the payment of retirement allowances to officers,
employes, firemen and police of political subdivisions and
municipal authorities and of institutions supported and
maintained by political subdivisions and municipal government
associations and providing for the administration of the same
by a board composed of the State Treasurer and others
appointed by the Governor; imposing certain duties on the
Pennsylvania Municipal Retirement Board and the actuary
thereof; providing the procedure whereby political
subdivisions and municipal authorities may join such system,
and imposing certain liabilities and obligations on such
political subdivisions and municipal authorities in
connection therewith, and as to certain existing retirement
and pension systems, and upon officers, employes, firemen and
police of such political subdivisions, institutions supported
and maintained by political subdivisions, and upon municipal
authorities; providing for the continuation of certain
municipal retirement systems now administered by the
Commonwealth; providing certain exemptions from taxation,
execution, attachment, levy and sale and providing for the
repeal of certain related acts," in general provisions,
further providing for definitions, for general powers of
board, for retirement funds and accounts and for management
and investment of fund and interest credits; and providing
for Statewide Municipal Police Officers Pension Plan.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definitions of "compensation," "final
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