Chapter 7-A of Act 44 of 2009 mandates the annual disclosure of certain information by every Contractor which is a party to a professional services contract with one of the pension funds of the Municipality. Act 44 disclosure requirements apply to Contractors who provide professional pension services and receive payment of any kind from the Municipality’s pension fund. It is the Municipality’s responsibility to prepare and send the Disclosure Form to all Contractors requesting their responses.
When the Municipality receives the completed forms, the Contractors’ responses should be reviewed by the Municipality to determine if there any conflicts of interest. The Municipality should file these completed Disclosure Forms with the pension plan documents. If the Municipality maintains a website, it is required by Act 44 that all Disclosure Forms be posted on the website.
The City of Erie has three pension plans, the Fire Pension Plan for firefighters, the Police Pension Plan for police officers and the Officers and Employees Pension Plan for all other full-time employees.
Copies of the Act 44 submissions are provided through the links below:
Section 702-A of Act 44 of 2009, Pa.Stat.Ann.tit 53, § 895.101 et seq., requires each municipal pension system to develop procedures related to contracts for the provision of professional services, including investment services, legal services, real estate services and other consulting services. The City of Erie Officers and Employees Retirement Plan (the “Retirement Plan”) hereby enacts these procedures governing the selection of applicants for all professional services contracts. Click here for Act 44 Procedures