House Bill 1874 and House Bill 1884 are pieces of companion legislation designed to secure distressed municipal pension systems in Pennsylvania.  House Bill 1884 outlines how the Pennsylvania Municipal Retirement System (PMRS) will administer the Level 3 distressed municipal pension systems as defined in house Bill 1874.  The bill authorizes PMRS to freeze benefit levels of current employees and to set reasonable benefit levels for future employees in order to keep long term costs under control.