By gift, grant, devise or bequest, a city may take money or real, personal or mixed property in trust for the benefit of the pension fund. The care, management, investment and disposal of the body of the trust shall be vested in the officer or officers of the city for the time the council designates. The care, management and disposal shall be directed by ordinance and the body of the trust shall be governed by the ordinance, subject to the directions that are not inconsistent with the ordinance, as the settlor of the trust may prescribe.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Section 14301 - Police pension fund
Section 14302 - Retirement and final discharge
Section 14302.1 - Limited vested benefit
Section 14303 - Allowance and service increments
Section 14303.1 - Increase of allowances after retirement
Section 14303.2 - Total disability
Section 14304 - Inalienable rights in fund
Section 14305 - Payments to police pension fund by city
Section 14306 - Management of police pension fund
Section 14307 - Trust for benefit of police pension fund
Section 14308 - Repayment before retirement
Section 14320 - Firefighters pension fund, management and annuity contracts
Section 14320.1 - Limited vested benefit for firefighters
Section 14321 - Retirement and final discharge
Section 14322 - Pensions and service increments
Section 14322.1 - Increase of allowances after retirement
Section 14323 - Causes for forfeiture of rights in fund and other employments
Section 14324 - Payments to firefighters pension fund by city
Section 14325 - Transfers from other pension funds
Section 14326 - Trusts for benefit of firefighters pension fund
Section 14327 - Repayment before retirement
Section 14340 - Pension for employees other than police or city-paid firefighters
Section 14341 - Pension board and duties
Section 14342 - Retirement age
Section 14343.1 - Retirement allowances, full coverage and payments
Section 14343.2 - Limited vested benefit
Section 14344 - Amount of payments into fund and repayment before retirement
Section 14344.1 - Determination of liability upon extension of Social Security
Section 14345 - Payments by laborers optional
Section 14346 - Heads of departments to certify list of employees
Section 14347 - Receipt, investment and payment of funds
Section 14348 - Appropriations and contributions to fund
Section 14350 - Computation of time of service
Section 14351 - Funds payable to be free of attachment
Section 14353 - Beneficiaries of fund not to be employed by city