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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE BILL |
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| INTRODUCED BY ROEBUCK, CARROLL, HARKINS, M. O'BRIEN, K. SMITH, FLECK, BISHOP, CALTAGIRONE, COHEN, DONATUCCI, GEORGE, GIBBONS, GOODMAN, KOTIK, KULA, MURT, PETRARCA, ROAE, SAINATO AND STABACK, MARCH 31, 2011 |
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| REFERRED TO COMMITTEE ON STATE GOVERNMENT, MARCH 31, 2011 |
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| AN ACT |
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1 | Amending Title 24 (Education) of the Pennsylvania Consolidated |
2 | Statutes, in retirement, further providing for limited early |
3 | retirement. |
4 | The General Assembly of the Commonwealth of Pennsylvania |
5 | hereby enacts as follows: |
6 | Section 1. Section 8313 of Title 24 of the Pennsylvania |
7 | Consolidated Statutes is amended to read: |
8 | § 8313. Eligibility for limited early retirement. |
9 | Notwithstanding any provisions of this title to the contrary, |
10 | the following early retirement provisions shall be applicable to |
11 | eligible members: |
12 | (1) Any member who, during the period of time from the |
13 | effective date of this section through July 10, 1998: |
14 | (i) has credit for at least 30 eligibility points; |
15 | (ii) terminates school service; and |
16 | (iii) files an application for an annuity with an |
17 | effective date of retirement not later than July 11, |
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1 | 1998, |
2 | shall be entitled to receive a maximum single life annuity |
3 | calculated pursuant to section 8342 (relating to maximum |
4 | single life annuity) without any reduction by virtue of an |
5 | effective date of retirement which is under the |
6 | superannuation age. |
7 | (2) Any member who, during the period of time from April |
8 | 1, 1999, through June 30, 1999: |
9 | (i) has credit for at least 30 eligibility points; |
10 | (ii) terminates school service; and |
11 | (iii) files an application for an annuity with an |
12 | effective date of retirement not later than July 1, 1999, |
13 | shall be entitled to receive a maximum single life annuity |
14 | calculated pursuant to section 8342 without any reduction by |
15 | virtue of an effective date of retirement which is under the |
16 | superannuation age. |
17 | (3) Any member who, during the period of time from March |
18 | 1, 2012, through June 30, 2012: |
19 | (i) Has attained at least 30 eligibility points. |
20 | (ii) Sends notice of intent to terminate school |
21 | service to a superintendent of the retiring employee's |
22 | school district between March 1 and June 30, 2012. |
23 | (iii) Terminates school service. |
24 | (iv) Files an application for an annuity with an |
25 | effective date of retirement not later than July 1, 2012 |
26 | shall be entitled to receive a maximum single life annuity |
27 | calculated pursuant to section 8342 without any reduction by |
28 | virtue of an effective date of retirement which is under the |
29 | superannuation age. |
30 | (4) Any member who, during the period of time from March |
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1 | 1, 2013, through June 30, 2013: |
2 | (i) Has credit for at least 30 eligibility points. |
3 | (ii) Sends notice of intent to terminate school |
4 | service to a superintendent of the retiring employee's |
5 | school district between March 1 and June 30, 2013. |
6 | (iii) Terminates school service. |
7 | (iv) Files an application for an annuity with an |
8 | effective date of retirement not later than July 1, 2013 |
9 | shall be entitled to receive a maximum single life annuity |
10 | calculated pursuant to section 8342 without any reduction by |
11 | virtue of an effective date of retirement which is under the |
12 | superannuation age. |
13 | Section 2. This act shall take effect immediately. |
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