Pennsylvania Act 1990-119 — MUNICIPAL PENSION PLAN FUNDING STANDARD AND RECOVERY ACT - AMEND

Act text

MUNICIPAL PENSION PLAN FUNDING STANDARD AND RECOVERY ACT - AMEND
                 Act of Jul. 11, 1990, P.L. 505, No. 119              Cl. 53
                             Session of 1990
                               No. 1990-119

                                  AN ACT

     SB 929

     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," further providing for the allocation of
        general municipal pension system State aid and for the
        distribution of the foreign fire insurance premium tax.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Sections 402(e)(5) and 706(b) of the act of
     December 18, 1984 (P.L.1005, No.205), known as the Municipal
     Pension Plan Funding Standard and Recovery Act, are amended to
     read:
      Section 402.  Revision of financing from State revenue sources;
                            General Municipal Pension System State
                            Aid Program.
        * * *
        (e)  Allocation of general municipal pension system State
     aid.--
            * * *
            (5)  For the period commencing with the distribution made
        during calendar year 1996, each eligible municipality shall
        be entitled to receive as general municipal pension system
        State aid the [lesser] greater of the following amounts:
                (i)  the adjusted amount of general municipal pension
            system State aid per unit multiplied by the number of
            units certified by that municipality less any amount by
            which the adjusted amount exceeds the maximum aid amount
            applicable to the municipality pursuant to subsection
            (f)(2); or
                (ii)  the revised amount of general municipal pension
            system State aid per unit multiplied by the number of
            units certified by that municipality, which revised
            amount shall be determined pursuant to paragraph (6).
            * * *
     Section 706.  Use of foreign fire insurance tax moneys.
        * * *
        (b)  Distribution of foreign fire insurance tax moneys.--
            (1)  The foreign fire insurance premium tax amount
        applicable to a municipality served solely by paid
        firefighters shall be allocated no later than September 30 to
        the General Municipal Pension System State Aid Program
        established pursuant to Chapter 4 for ultimate distribution
        pursuant to section 402.
            (2)  The foreign fire insurance premium tax amount
        applicable to a municipality served solely by volunteer
        firefighters shall be paid to the municipality, which shall
        within 60 days of the date of the receipt of the moneys from
        the State Treasurer pay the amount received to the relief
        association fund of the fire department or departments, or
        fire company or companies, now existing or hereafter
        organized, inside or outside of the municipality, which is or
        are actively engaged in the service of the municipality and
        duly recognized by the governing body of the municipality.
            (3)  The foreign fire insurance premium tax amount
        applicable to a municipality served by both paid firefighters
        and volunteer firefighters shall be divided into the portion
        applicable to paid firefighters and the portion applicable to
        volunteer firefighters. The division of the amount shall be
        based on the proportion of the actual fire protection service
        in the municipality provided by each type of firefighter as
        certified by the municipality, except that in no event shall
        the portion applicable to paid firefighters be less than the
        smaller of the amount of foreign fire insurance premium tax
        applicable to the municipality or [the revised amount of
        general municipal pension system State aid per unit for the
        previous year determined pursuant to section 402, per paid
        firefighter, which for 1985 shall be deemed to be] $1,100 per
        paid firefighter. The ultimate distribution of the portion
        applicable to paid firefighters shall be governed by
        paragraph (1). The distribution of the portion applicable to
        volunteer firefighters shall be governed by paragraph (2).
        Section 2.  This act shall apply to distributions of the
     foreign fire insurance premium tax made after January 1, 1990.
        Section 3.  This act shall take effect immediately.

     APPROVED--The 11th day of July, A. D. 1990.

     ROBERT P. CASEY