§ 2263.2. Payments to municipalities and counties not having retirement or pension fund; purcha...
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs
72 P.S. § 2263.2
§ 2263.2. Payments to municipalities and counties not having retirement or pension fund; purchase of annuity contracts
Every municipality or county which makes application and certifies that it has a police force comprising at least one full-time paid policeman, but which does not have a Municipal Employes' Retirement Fund, a Police Pension or Retirement Fund, as provided in section one of this act,1 shall be paid in the manner provided in this act the amount that would be allocated had the municipality or county made provision through a Municipal Employes' Retirement Fund, a Police Pension or Retirement Fund, all of which sum so allocated shall be expended by the municipal or county authorities to secure Pension Annuity Contracts for their policemen. Warrants for this purpose shall be drawn by the Auditor General payable to the treasurers of the municipalities or counties, and the municipal or county authorities are hereby directed to use the allocations to forthwith secure Pension Annuity Contracts until such time as they shall have made provision therefor through a Municipal Employes' Retirement Fund, a Police Pension or Retirement Fund.
Credits
1943, May 12, P.L. 259, No. 120, § 1.1, added 1947, June 5, P.L. 433, § 2. Amended 1949, April 6, P.L. 407, No. 54, § 1. Reenacted as § 3 and amended 1951, May 10, P.L. 250, No. 39, § 1.
Footnotes
72 P.S. § 2263.1.
72 P.S. § 2263.2, PA ST 72 P.S. § 2263.2
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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