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Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 895.210. Actuarial asset valuation

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) General rule.--A municipality may value the assets in each of its pension plans to equal the greater of:

(1) the actuarial value of assets from the most recent biennial actuarial valuation report accepted by the commission:

(i) increased by contributions and other deposits except investment income;

(ii) decreased by benefit payments and administrative expenses or other payments;  and

(iii) credited with interest at 1% less than the plan's assumed rate, to the date of the actuarial valuation;  or

(2) the market value of assets on the valuation date.

(b) Methodology.--

(1) The actuarial value of pension plan assets is the value of cash, investment securities and other property belonging to the municipal pension plan according to a method for valuing assets adopted by the governing body of the municipal pension plan upon the recommendation of the actuary.

(2) The method for valuing assets shall be adequately disclosed in the accompanying documentation or exhibits and, except as set forth in subsection (c) or Chapter 6,  1 may not produce a result that in total is:

(i) greater than 120% of the fair market value of the assets of the municipal pension plan;  or

(ii) less than 80% of the fair market value of the assets of the municipal pension plan.

(c) Temporary valuation.--

(1) For the two-year actuarial valuation reporting period beginning in 2009, a municipality may utilize a method for valuing assets which does not produce a result that in total is:

(i) greater than 130% of the fair market value of the assets of the municipal pension plan;  or

(ii) less than 70% of the fair market value of the assets of the municipal pension plan.

(2) Upon the expiration of that two-year actuarial valuation reporting period, subsection (b) applies.

1  53 P.S. § 895.601 et seq.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 895.210. Actuarial asset valuation - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-53-ps-municipal-and-quasimunicipal-corporations/pa-st-sect-53-895-210/

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