Pennsylvania’s municipal pension funds are in line for a one-time windfall thanks to a change in how out-of-state insurers submit taxes on their casualty and fire insurance premiums.
The Pittsburgh Post-Gazette reported Friday that the money comes from changing the tax payment schedule from quarterly to yearly.
The paper says Pittsburgh’s state aid will grow from $16 million to $26 million, and Monroeville expects a $400,000 increase.
The Public Employee Retirement Commission says the money will be divided among municipalities with underfunded pensions, based on need and the number of workers.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Elon Musk Alone Can’t Explain Tesla’s Owner Exodus 
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
Hackers Hit Sensitive Targets in 37 Nations in Spying Plot 
These Five Technologies Increase The Risk of Cyber Claims 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.