Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 895.604. Recovery program level I

(1) The aggregation of trust funds pursuant to section 607(b). 1

(2) The establishment of total member contribution pursuant to section 607(c).

(3) The deviation from municipal contribution limitations pursuant to section 607(d).

(1) A level I municipality may elect to pay a reduced minimum municipal obligation consisting of the normal cost and administrative expenses of the pension plans plus:

(2) This reduction of payments to amortize the actuarial accrued liability shall be authorized for a period of one biennial actuarial valuation reporting period (total of two years) under section 607(h.1).  At the end of this period, section 302(c)  2 shall apply to the minimum municipal obligation calculation.

(1) Following the expiration of the period applicable to asset valuation under section 210(c),  3 for an additional period of one biennial actuarial valuation reporting period (allowing an additional two years for a total of four years), a level I municipality may utilize a method for valuing assets that may not produce a result that in total is:

(2) At the end of the additional period under paragraph (1), section 210 shall apply to the actuarial valuation of assets.