PENNSYLVANIA, May 25 - PRINTER'S NO. 799

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

679

Session of

2021

INTRODUCED BY BROOKS, MAY 24, 2021

REFERRED TO FINANCE, MAY 24, 2021

AN ACT

Amending the act of December 18, 1984 (P.L.1005, No.205),

entitled "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 revisions applicable to municipal pension

fund financing, further providing for revision of financing

from State revenue sources, general municipal pension system

state aid program; and, in foreign fire insurance tax

distribution, further providing for definitions.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 402 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 by adding a subsection to

read:

Section 402. Revision of financing from State revenue sources;

General Municipal Pension System State Aid Program.

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(k) Definitions.--As used in this section, the following

words and phrases shall have the meanings given to them in this

subsection unless the context clearly indicates otherwise:

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