Pennsylvania HB1294 amends police pension laws to facilitate the transfer of service credits and assets when boroughs, cities, towns, or townships.

Pennsylvania HB1294 amends the Municipal Police Pension Law to streamline the transfer of service credits and assets when municipalities disband their police forces or join regional police departments. The bill allows for the transfer of service credits for eligible members, ensuring they receive credit for their full-time service in the disbanded police force. It mandates that all assets from the disbanded police pension fund be transferred to the new police pension fund within one year, with penalties for non-compliance.

Pennsylvania HB1294 amends police pension laws to facilitate the transfer of service credits and assets when boroughs, cities, towns, or townships.

Pennsylvania HB1294 amends the Municipal Police Pension Law to streamline the transfer of service credits and assets when municipalities disband their police forces or join regional police departments. The bill allows for the transfer of service credits for eligible members, ensuring they receive credit for their full-time service in the disbanded police force. It mandates that all assets from the disbanded police pension fund be transferred to the new police pension fund within one year, with penalties for non-compliance.