Skip to code content (skip section selection)
A. There is established an aggregated pension trust fund consisting of all City-administered uniformed and nonuniformed pension fund assets, but shall specifically exclude any funds administered by the Pennsylvania Municipal Retirement Board, in the manner and under the conditions and subject to the provisions of the Municipal Pension Plan Funding Standard and Recovery Act, Act 1984-205, and subject to future amendments, such pension trust fund to be subject to all the definitions as set forth in the aforesaid Act of Assembly.
B. Transfer of funds. All pension fund assets now in the custody of the City-administered uniform and nonuniformed pension funds (Officers and Employees, Firemen's & Police) shall on July 1, 2017 be transferred to the Aggregated Pension Trust Fund hereby created, together with all financial records pertaining thereto.