City of Pittsburgh - File #: 2021-1531

• File #: 2021-1531
• Version: 1
• Type: Resolution
• Status: Passed Finally
• File created: 5/24/2021
• In control: Committee on Finance and Law
• On agenda: 5/25/2021
• Final action: 6/1/2021
• Enactment date: 6/1/2021
• Enactment #: 364
• Effective date: 6/7/2021
• Title: Resolution authorizing and directing the Director of Finance, acting as the Chief Administrative Officer of the employee's municipal pension plan, to perform an actuarial analysis in accordance with Act 205, 53 Pa.C.S. 895:305(a)(b) and Ordinance Pension Act of 1975, Section 8. Pension Allowance, Paragraph 4 (i), to determine the cost of eliminating the "Social Security Off-Set" for all active non-union employee members of the Municipal Pension Fund hired after June 30, 2004.
• Sponsors: Theresa Kail-Smith, Anthony Coghill, Bruce A. Kraus

Date	Ver.	Action By	Action	Result
6/7/2021	1	Mayor	Signed by the Mayor
6/1/2021	1	City Council	Passed Finally	Pass
5/26/2021	1	Standing Committee	Affirmatively Recommended	Pass
5/25/2021	1	City Council	Waived under Rule 8	Pass
5/25/2021	1	City Council	Read and referred

title

Resolution authorizing and directing the Director of Finance, acting as the Chief Administrative Officer of the employee’s municipal pension plan, to perform an actuarial analysis in accordance with Act 205, 53 Pa.C.S. 895:305(a)(b) and Ordinance Pension Act of 1975, Section 8. Pension Allowance, Paragraph 4 (i), to determine the cost of eliminating the “Social Security Off-Set” for all active non-union employee members of the Municipal Pension Fund hired after June 30, 2004.

body

Be it resolved by the Council of the City of Pittsburgh as follows:

Section 1.                     The Director of Finance is hereby authorized and directed to perform an actuarial analysis in accordance with Act 205, 53 Pa.C.S. 895:305(a)(b) and Ordinance Pension Act of 1975, Section 8. Pension Allowance, Paragraph 4 (i), to determine the cost of eliminating the “Social Security Off-Set” for all active, non-union employee members of the Municipal Pension Fund hired after June 30, 2004.

Section 2.                     The actuarial study shall be completed and provided to Council no later than Sixty (60) days after the passage of this resolution.