(a) General rule.-- The provisions of 1 Pa.C.S. § 2301(c) (relating to employment benefits) shall not apply to a benefit plan or program in existence on the effective date of this act if the employer: (1) determines after an actuarial review that the application of such provisions to the plan or program will render the plan or program actuarially unsound; (2) files a written statement of such determination, together with the relevant data or a summary thereof, within six months after the effective date of this act with the Department of State; and (3) gives appropriate notice to affected employees. An employer who effects a filing pursuant to this section shall within one year after the effective date of this act amend the plan or program so as to conform to 1 Pa.C.S. § 2301(c) without affecting the actuarial soundness of the plan or program. (b) Expiration of section.-- This section shall expire one year after the effective date of this act.
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