PRINTER'S NO. 428
No. 388 Session of 1989
INTRODUCED BY DOMBROWSKI, FEE, CAPPABIANCA, VAN HORNE,
CALTAGIRONE AND LEVDANSKY, FEBRUARY 13, 1989
REFERRED TO COMMITTEE ON URBAN AFFAIRS, FEBRUARY 13, 1989
AN ACT
1 Amending the act of May 23, 1945 (P.L.903, No.362), entitled "An
2 act authorizing cities of the third class to establish an
3 optional retirement system for officers and employes
4 independently of any pension system or systems existing in
5 such cities," further providing for membership on retirement
6 boards; and authorizing cost-of-living increases.
7 The General Assembly of the Commonwealth of Pennsylvania
8 hereby enacts as follows:
9 Section 1. Section 3 of the act of May 23, 1945 (P.L.903,
10 No.362), entitled "An act authorizing cities of the third class
11 to establish an optional retirement system for officers and
12 employes independently of any pension system or systems existing
13 in such cities," amended July 18, 1986 (P.L.1413, No.128), is
14 amended to read:
15 Section 3. In any such city which creates such retirement
16 system there shall be created a board to be known as the
17 "Officers and Employes Retirement Board," consisting of the
18 mayor, the city controller, the director of finance, two
19 employes to be chosen by the employes contributing to the
1 retirement fund, a retired city employe chosen by the
2 association of retired city employes and, if members of council
3 participate in the retirement fund and are members of the fund,
4 a member of council, chosen by council. It shall be the duty of
5 said board to register all persons employed by the said city,
6 and to administer the collections and distribution of the fund,
7 herein provided for, and make such reasonable rules in the
8 premises as such board may deem necessary to carry into effect
9 the provisions of this act.
10 Section 2. The act is amended by adding a section to read:
11 Section 4.1. The board, may, at any time, at it's
12 discretion, increase the compensation of persons receiving
13 compensation of any kind from the fund by reason of and after
14 the termination of the services of any member of the fund. Such
15 increases shall be in conformity with a uniform scale, which
16 shall be based on the cost of living, but the total of any such
17 allowance shall not at any time exceed one-half of the current
18 salary being paid to nonuniformed employes of the highest pay
19 grade. No cost-of-living increase shall be granted which would
20 impair the actuarial soundness of the fund.
21 Section 3. This act shall take effect in 60 days.
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