Pennsylvania Code
Title 16 - COMMUNITY AFFAIRS
Part IV - Public Employee Retirement Commission
Chapter 207 - CERTIFICATION OF MUNICIPAL PENSION COSTS
Section 207.4 - Acceptance of revised actuarial valuation reports

The Commission may accept revised actuarial valuation reports when benefit changes are retroactively implemented under a court order or arbitration award and effective as of the date of the actuarial valuation or when the original actuarial valuation report contained a material error or omission regarding demographic data, benefit provisions, financial data or actuarial data other than actuarial assumptions. Revised actuarial valuation reports shall be accompanied by a written statement fully disclosing the cause and nature of the omission or error. If a revised actuarial valuation report is received before July 15 and accepted by the Commission, the revised data will be reflected in the current year's certification of data to the Auditor General. If a revised actuarial valuation report is received on or after July 15 and accepted by the Commission, the revised data will be reflected in the following year's certification of data to the Auditor General.