1 Pa.C.S. § 8
This is the official text of 1 Pa.C.S. § 8, part of Pennsylvania’s Pa.C.S — part of the compiled statutory law of Pennsylvania, published by the state as "Pa.C.S." Browse the sections below, each linked to its official government source.
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Transition provisions on employment benefits.
Official statutory text
(a) General rule.--The provisions of 1 Pa.C.S. § 2301(c) (relating to employment benefits) shall not apply to a benefit plan or program in existence on the effective date of this act if the employer:
(1) determines after an actuarial review that the application of such provisions to the plan or program will render the plan or program actuarially unsound;
(2) files a written statement of such determination, together with the relevant data or a summary thereof, within
six months after the effective date of this act with the Department of State; and
(3) gives appropriate notice to affected employees. An employer who effects a filing pursuant to this section shall within one year after the effective date of this act amend the plan or program so as to conform to 1 Pa.C.S. § 2301(c) without affecting the actuarial soundness of the plan or program.
(b) Expiration of section.--This section shall expire one year after the effective date of this act.
(1) determines after an actuarial review that the application of such provisions to the plan or program will render the plan or program actuarially unsound;
(2) files a written statement of such determination, together with the relevant data or a summary thereof, within
six months after the effective date of this act with the Department of State; and
(3) gives appropriate notice to affected employees. An employer who effects a filing pursuant to this section shall within one year after the effective date of this act amend the plan or program so as to conform to 1 Pa.C.S. § 2301(c) without affecting the actuarial soundness of the plan or program.
(b) Expiration of section.--This section shall expire one year after the effective date of this act.
Status: in_force · Read it on the official government site
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