Skip to main content
Find a Lawyer

Pennsylvania Statutes Title 43 P.S. Labor § 1403. Definitions

Current as of January 01, 2025 | Updated by Findlaw Staff

The following words and phrases when used in this act shall have, unless the context clearly indicates otherwise, the meanings given to them in this section:

“Actuarially sound plan.”A plan operated under supervision of an actuary and which is being funded annually at a level not lower than the normal cost of the plan plus amortization of the unfunded accrued liability within an established period of time after the effective date of the act creating the system.

“Commission.” The Public Employee Retirement Commission created pursuant to this act.

“Public Employee Retirement Plan.”Any of the following:

(1) State Employees' Retirement System created pursuant to 71 Pa.C.S. Part XXV.  1

(2) Public School Employees' Retirement System created pursuant to 24 Pa.C.S. Part IV.  2

(3) Municipal Retirement System created pursuant to the act of February 1, 1974 (P.L. 34, No. 15). 3

(4) Any other independent pension or retirement plan for public officers and employees in the Commonwealth.

(5) Pension or retirement plans created pursuant to the act of June 23, 1931 (P.L. 932, No. 317), known as “The Third Class City Code.”  4

(6) Pension or retirement plans created pursuant to the act of May 29, 1956 (1955 P.L. 1804, No. 600), referred to as the Municipal Police Pension Law.  5

1 71 Pa.C.S.A. § 5101 et seq.
2 24 Pa.C.S.A. § 8101 et seq.
3 53 P.S. § 881.101 et seq.
4 53 P.S. § 35101 et seq.
5 53 P.S. § 767 et seq.
Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Pennsylvania Statutes Title 43 P.S. Labor § 1403. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-43-ps-labor/pa-st-sect-43-1403/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard