The Public Employee Retirement Commission has three primary responsibilities:

(1) to monitor public retirement plans in the Commonwealth and to assure their actuarial viability through a review of any proposed legislative changes in those plans:

(2) to study the subject of the retirement needs of public employees in order to formulate principles, develop objectives and recommend legislation; and

(3) to administer Acts 205 and 293 mandating actuarial reports for all municipal pension systems.

 
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