See other bills
under the
same topic
PRINTER'S NO. 3012
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2064
Session of
2018
INTRODUCED BY RYAN, BERNSTINE, COX, DIAMOND, GROVE, MAHER,
STAATS AND MOUL, FEBRUARY 8, 2018
REFERRED TO COMMITTEE ON EDUCATION, FEBRUARY 8, 2018
AN ACT
Requiring school districts to provide annual notice relating to
certain pension and other postemployment benefit obligations;
and providing for property disclosure statement and for duty
of State Real Estate Commission.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Property Tax
Pension Obligation Disclosure Act.
Section 2. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Commission." The State Real Estate Commission of the
Commonwealth.
"Other postemployment benefit." A benefit such as a death
benefit, life insurance, disability and long-term care that is
paid in the period after employment and provided separately from
a pension plan, as well as a health care benefit paid in the
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
period after employment, regardless of the manner provided. The
term does not include any termination benefit or termination
payment for sick leave.
"Pension." Retirement income and, if provided through a
pension plan, a postemployment benefit other than retirement
income, including, but not limited to, a death benefit, life
insurance and a disability benefit. The term does not include a
postemployment health care benefit or termination benefit.
Section 3. Duties of school districts.
(a) Calculation of unfunded pension and other postemployment
benefit obligations.--Not later than September 30 each year, the
governing body of a school district shall calculate the amount
of unfunded pension and other postemployment benefit obligations
per $100,000 of assessed residential property within the school
district.
(b) Publication of annual notice.--The results of the
calculation under subsection (a) shall be published as follows:
(1) On the publicly accessible Internet website of the
school district as a separate item from other information on
the website.
(2) As a footnote in the financial disclosures of the
annual audited report of the school district.
(3) In the notice of taxes required by section 6 of the
act of May 25, 1945 (P.L.1050, No.394), known as the Local
Tax Collection Law.
Section 4. Property disclosure statement.
A seller who intends to transfer an interest in real property
shall disclose the results of the calculation under section 3(a)
as an item on the property disclosure form required by 68
Pa.C.S. § 7304 (relating to disclosure form).
20180HB2064PN3012 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Section 5. Duty of commission.
The commission shall, within 90 days of the effective date of
this section, revise the form of the property disclosure
statement under 68 Pa.C.S. § 7304 (relating to disclosure form)
in order to include the results of the calculation required
under section 3(a) as an item on the form and publish the
revised form as a notice in the Pennsylvania Bulletin.
Section 6. Effective date.
This act shall take effect as follows:
(1) Section 4 shall take effect six months after
publication of the notice under section 5.
(2) This section shall take effect immediately.
(3) The remainder of this act shall take effect in 60
days.
20180HB2064PN3012 - 3 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14