PRINTER'S NO. 449
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
414
Session of
2015
INTRODUCED BY BRIGGS, THOMAS, GODSHALL AND COHEN,
FEBRUARY 9, 2015
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, FEBRUARY 9, 2015
AN ACT
Amending the act of December 18, 1984 (P.L.1005, No.205),
entitled, as amended, "An act mandating actuarial funding
standards for all municipal pension systems; establishing a
recovery program for municipal pension systems determined to
be financially distressed; providing for the distribution of
the tax on the premiums of foreign fire insurance companies;
and making repeals," in standards for municipal pension
systems, further providing for definitions and for
procurement for professional services contracts.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "professional service contract"
in section 701-A of the act of December 18, 1984 (P.L.1005,
No.205), known as the Municipal Pension Plan Funding Standard
and Recovery Act, added September 18, 2009 (P.L.396, No.44), is
amended to read:
Section 701-A. Definitions.
The following words and phrases when used in this chapter
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
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"Professional services contract." A contract to which [the]
a municipal pension system having 100 or more active members is
a party that is:
(1) for the purchase or provision of professional
services, including investment services, legal services, real
estate services and other consulting services; and
(2) not subject to a requirement that the lowest bid be
accepted.
Section 2. Section 702-A(a) of the act, added September 18,
2009 (P.L.396, No.44), is amended to read:
Section 702-A. Procurement for professional services contracts.
(a) Procedures.--Each municipal pension system having 100 or
more active members, including the Pennsylvania Municipal
Retirement System, shall develop procedures to select the most
qualified person to enter into a professional services contract.
The procedures shall ensure that the availability of a
professional services contract is advertised to potential
participants in a timely and efficient manner. Procedures shall
include applications and disclosure forms to be used to submit a
proposal for review and to receive the award of a professional
services contract.
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Section 3. This act shall take effect in 60 days.
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