Act 44 of 2009 is a Pennsylvania law that promotes transparency and accountability in managing municipal pension funds. It mandates that any company or individual providing professional pension services to and receive payment of any kind from a municipality’s pension fund must annually disclose certain information, including financial relationships, political contributions, and potential conflicts of interest. This ensures that decisions regarding pension fund management are made based on merit, free from undue political influence. By enforcing these disclosures, Act 44 safeguards taxpayer money and upholds the integrity of pension systems.
The disclosure forms must be posted on the municipality's website and be filed and updated annually for the life of the contract between the municipality and each party.
The most recent disclosure forms are available for review below.
