Section 4. If an actuary study is not performed and submitted to the Department of Community Affairs within ninety days after December 31 of the year in which the actuary study is required in sections 2 and 5 of the act, any and all pension reimbursements from any sources which are payable by the Commonwealth shall be withheld until such study is completed. The actuary study shall be performed by the Department of Community Affairs and the municipality shall reimburse the Department of Community Affairs the actual cost of performing the study.
(4 amended Jan. 12, 1974, 1973 P.L.444, No.158)
Compiler's Note: The Department of Community Affairs,
referred to in this section, was abolished by Act 58 of
1996 and its functions were transferred to the Department
of Community and Economic Development.