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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY MELLOW, STACK, FONTANA, KITCHEN, KASUNIC, STOUT, LEACH, TARTAGLIONE, LOGAN, O'PAKE, MUSTO, WOZNIAK AND BOSCOLA, MARCH 2, 2009 |
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| REFERRED TO FINANCE, MARCH 2, 2009 |
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| AN ACT |
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1 | Amending Titles 24 (Education) and 71 (State Government) of the |
2 | Pennsylvania Consolidated Statutes, providing for retirement |
3 | eligibility. |
4 | The General Assembly of the Commonwealth of Pennsylvania |
5 | hereby enacts as follows: |
6 | Section 1. Title 24 of the Pennsylvania Consolidated |
7 | Statutes is amended by adding a section to read: |
8 | § 8314. Eligibility for retirement. |
9 | (a) General rule.--A member shall be entitled to receive a |
10 | maximum single life annuity calculated pursuant to section 8342 |
11 | (relating to maximum single life annuity) without any reduction |
12 | by virtue of an effective date of retirement which is under the |
13 | superannuation age, if the member meets the requirements set |
14 | forth in subsection (b). |
15 | (b) Requirements.--The entitlement provided under subsection |
16 | (a) shall be applicable to any eligible member who, on or after |
17 | the effective date of this section: |
18 | (1) has credit for at least 30 eligibility points; |
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1 | (2) terminates school service; and |
2 | (3) files an application for an annuity with an |
3 | effective date of retirement after the completion of the |
4 | school term but in no case earlier than May 15 nor later than |
5 | the ensuing July 15. |
6 | (c) Definitions.--As used in this section, "school term" |
7 | either shall have the meaning assigned to it in section 102 of |
8 | the act of March 10, 1949 (P.L.30, No.14), known as the Public |
9 | School Code of 1949, as it relates to school entities, or shall |
10 | mean the calendar of academic terms or semesters published in |
11 | the catalog of an institution of higher education any of whose |
12 | employees is subject to membership in the retirement system. |
13 | Section 2. Title 71 is amended by adding a section to read: |
14 | § 5308.3. Eligibility for retirement. |
15 | (a) General rule.--A member shall be entitled to receive a |
16 | maximum single life annuity calculated pursuant to section 5702 |
17 | (relating to maximum single life annuity) without any reduction |
18 | by virtue of an effective date of retirement which is under the |
19 | superannuation age, if the member meets the requirements set |
20 | forth in subsection (b). |
21 | (b) Requirements.--The entitlement provided under subsection |
22 | (a) shall be applicable to any eligible member who, on or after |
23 | the effective date of this section: |
24 | (1) has credit for at least 30 eligibility points; |
25 | (2) terminates State service; and |
26 | (3) files an application for an annuity. |
27 | Section 3. This act shall take effect immediately. |
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