Bill Text: PA SB130 | 2009-2010 | Regular Session | Introduced

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Bill Title: Providing for retirement eligibility.

Spectrum: Partisan Bill (Democrat 13-0)

Status: (Introduced - Dead) 2009-03-02 - Referred to FINANCE [SB130 Detail]

Download: Pennsylvania-2009-SB130-Introduced.html

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PRINTER'S NO. 455
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 130 Session of2009
INTRODUCED BY MELLOW, STACK, FONTANA, KITCHEN, KASUNIC, STOUT, LEACH, TARTAGLIONE, LOGAN, O'PAKE, MUSTO, WOZNIAK AND BOSCOLA, MARCH 2, 2009
REFERRED TO FINANCE, MARCH 2, 2009
AN ACT
Amending Titles 24 (Education) and 71 (State Government) of the
Pennsylvania Consolidated Statutes, providing for retirement
eligibility.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Title 24 of the Pennsylvania Consolidated
Statutes is amended by adding a section to read:
§ 8314. Eligibility for retirement.
(a) General rule.--A member shall be entitled to receive a
maximum single life annuity calculated pursuant to section 8342
(relating to maximum single life annuity) without any reduction
by virtue of an effective date of retirement which is under the
superannuation age, if the member meets the requirements set
forth in subsection (b).
(b) Requirements.--The entitlement provided under subsection
(a) shall be applicable to any eligible member who, on or after
the effective date of this section:
(1) has credit for at least 30 eligibility points;
(2) terminates school service; and
(3) files an application for an annuity with an
effective date of retirement after the completion of the
school term but in no case earlier than May 15 nor later than
the ensuing July 15.
(c) Definitions.--As used in this section, "school term"
either shall have the meaning assigned to it in section 102 of
the act of March 10, 1949 (P.L.30, No.14), known as the Public
School Code of 1949, as it relates to school entities, or shall
mean the calendar of academic terms or semesters published in
the catalog of an institution of higher education any of whose
employees is subject to membership in the retirement system.
Section 2. Title 71 is amended by adding a section to read:
§ 5308.3. Eligibility for retirement.
(a) General rule.--A member shall be entitled to receive a
maximum single life annuity calculated pursuant to section 5702
(relating to maximum single life annuity) without any reduction
by virtue of an effective date of retirement which is under the
superannuation age, if the member meets the requirements set
forth in subsection (b).
(b) Requirements.--The entitlement provided under subsection
(a) shall be applicable to any eligible member who, on or after
the effective date of this section:
(1) has credit for at least 30 eligibility points;
(2) terminates State service; and
(3) files an application for an annuity.
Section 3. This act shall take effect immediately.
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