Act 44 Disclosures
Act 44 of 2009 was signed into law by the Governor on September 18, 2009, and makes numerous, significant changes to the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). Acknowledging the current economic climate, Act 44 makes available a number of actuarial tools intended to provide short-term fiscal relief to local governments operating public pension plans.
The Act also regulates the establishment and operation of Deferred Retirement Option Plans (DROPs), establishes new conduct and disclosure standards for professional service contracts applicable to municipal pension systems, and provides special remedies applicable to the cities of Philadelphia and Pittsburgh.
The following Act 44 Documents are available for download
The forms on this page are in PDF format and require Adobe Reader.