Rep. Garth Everett (R-Lycoming) has been appointed to the Public Employee Retirement Commission by House Speaker Keith R. McCall.
“As a second-term legislator, I am deeply honored to be named to serve on the retirement commission,” Everett said. “The responsibilities of this group are many, and with the current fiscal climate they will continue to grow throughout the year.”
The commission is charged with reviewing all proposed legislation affecting public employee retirement systems. On an on-going basis they also study retirement system policies, the interrelationships of the several systems, and their actuarial soundness.
“The work of the Public Employee Retirement Commission is far reaching,” Everett added. “Under the Municipal Pension Plan Funding Standard and Recovery Act, the commission is charged with administering the actuarial valuation and reporting program for all of Pennsylvania’s more than 3,100 municipal retirement systems. Included in that is monitoring and enforcing compliance with the mandated actuarial funding standard.”
The commission must also certify municipal pension cost data each year in order to allocate more than $206 million in state aid for 2008.
“I look forward to working with the other commission members to continue a sound public pension policy for Pennsylvania,” said Everett.
For more information on the Public Employee Retirement Commission, please visit perc.state.pa.us.
Rep. Garth D. Everett
Pennsylvania House of Representatives
Contact: Jennifer Dysinger