What pension laws govern the operation of the non-uniformed pension plans?
Each municipal code provides authority to establish a pension plan. However, the codes do not establish criteria for the requirements of retirement eligibility or benefit structure. In the absence of such requirements, the municipality should adopt regulations which clearly establish the structure of the plan which should also be in conformity with those generally authorized for pension plans. How are the non-uniformed pension plans funded? Act 205 authorizes the use of state aid to assist in the funding of municipal maintained pension plans. The plans may also require municipal and employee contributions to maintain actuarial funding as required by Act 205. May the non-uniformed pension plans pay disability or spousal benefits? Yes. If such benefits are actuarially feasible. Are actuarial reports required? Act 205 requires filing of actuarial reports for pension plans maintained by municipalities. For most plans, the act requires actuarial reports every two (2) years. The reports must
