Bill Text: PA SB52 | 2009-2010 | Regular Session | Introduced

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Bill Title: In membership, contributions and benefits, further providing for eligibility for limited early retirement.

Sponsorship: Slight Partisan Bill (Democrat 7-3)

Status: (Introduced - Dead) 2009-01-20 - Referred to FINANCE [SB52 Detail]

Download: Pennsylvania-2009-SB52-Introduced.html

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PRINTER'S NO. 37
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 52 Session of2009
INTRODUCED BY GREENLEAF, WOZNIAK, TARTAGLIONE, TOMLINSON, WILLIAMS, D. WHITE, KASUNIC AND O'PAKE, JANUARY 20, 2009
REFERRED TO FINANCE, JANUARY 20, 2009
AN ACT
Amending Titles 24 (Education) and 71 (State Government) of the
Pennsylvania Consolidated Statutes, in membership,
contributions and benefits, further providing for eligibility
for limited early retirement.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 8313 of Title 24 of the Pennsylvania
Consolidated Statutes is amended to read:
§ 8313. Eligibility for limited early retirement.
Notwithstanding any provisions of this title to the contrary,
the following early retirement provisions shall be applicable to
eligible members:
(1) Any member who, during the period of time from the
effective date of this section through July 10, 1998:
(i) has credit for at least 30 eligibility points;
(ii) terminates school service; and
(iii) files an application for an annuity with an
effective date of retirement not later than July 11,
1998,
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.
(2) Any member who, during the period of time from April
1, 1999, through June 30, 1999:
(i) has credit for at least 30 eligibility points;
(ii) terminates school service; and
(iii) files an application for an annuity with an
effective date of retirement not later than July 1, 1999,
shall be entitled to receive a maximum single life annuity
calculated pursuant to section 8342 without any reduction by
virtue of an effective date of retirement which is under the
superannuation age.
(3) Any member who, during the period of time from April
1, 2009, through June 30, 2009:
(i) has credit for at least 30 eligibility points;
(ii) terminates school service; and
(iii) files an application for an annuity with an
effective date of retirement not later than July 1, 2009,
shall be entitled to receive a maximum single life annuity
calculated pursuant to section 8342 without any reduction by
virtue of an effective date of retirement which is under the
superannuation age.
(4) Any member who, during the period of time from April
1, 2010, through June 30, 2010:
(i) has credit for at least 30 eligibility points;
(ii) terminates school service; and
(iii) files an application for an annuity with an
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effective date of retirement not later than July 1, 2010,
shall be entitled to receive a maximum single life annuity
calculated pursuant to section 8342 without any reduction by
virtue of an effective date of retirement which is under the
superannuation age.
Section 2. Section 5308.2 of Title 71 is amended to read:
§ 5308.2. Eligibility for limited early retirement.
Notwithstanding any provisions of this title to the
contrary[, any]:
(1) Any eligible member who, during the period of time
from July 1, 1998, through June 30, 1999:
[(1)] (i) has credit for at least 30 eligibility points;
[(2)] (ii) terminates State service; and
[(3)] (iii) files an application for an annuity with an
effective date of retirement not later than July 1, 1999,
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.
(2) Any eligible member who, during the period of time
from July 1, 2009, through June 30, 2010:
(i) has credit for at least 30 eligibility points;
(ii) terminates State service; and
(iii) files an application for an annuity with an
effective date of retirement not later than July 1, 2010,
shall be entitled to receive a maximum single life annuity
calculated pursuant to section 5702 without any reduction by
virtue of an effective date of retirement which is under the
superannuation age.
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Section 3. This act shall take effect immediately.
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