53 Pa. Stat. § 895.603

Current through Pa Acts 2024-53, 2024-56 through 2024-95
Section 895.603 - Determination procedure

The determination process shall be initiated by the commission for the determination of financial distress with respect to the municipal pension system pursuant to section 501. Upon notification of the determination of financial distress by the commission, the municipality shall elect whether or not to utilize the voluntary remedies of any level of the recovery program which may be applicable to the municipality.

53 P.S. § 895.603

1984, Dec. 18, P.L. 1005, No. 205, § 603, imd. effective. Amended 2009, Sept. 18, P.L. 396, No. 44, § 8, imd. effective.