PRINTER'S NO. 3010
No. 2395 Session of 1993
INTRODUCED BY DALEY, PISTELLA, CESSAR, KASUNIC, FAIRCHILD, HUTCHINSON, RAYMOND, COLAFELLA, LAWLESS, THOMAS, ULIANA, STISH, ITKIN AND BOYES, DECEMBER 15, 1993
REFERRED TO COMMITTEE ON EDUCATION, DECEMBER 15, 1993
AN ACT 1 Amending Title 24 (Education) of the Pennsylvania Consolidated 2 Statutes, further providing for creditable nonschool service. 3 The General Assembly of the Commonwealth of Pennsylvania 4 hereby enacts as follows: 5 Section 1. Sections 8304(b) of Title 24 of the Pennsylvania 6 Consolidated Statutes is amended by adding a paragraph to read: 7 § 8304. Creditable nonschool service. 8 * * * 9 (b) Limitations on nonschool service.--Creditable nonschool 10 service credit shall be limited to: 11 * * * 12 (9) Previous work experience of the type required for 13 permanent certification as a vocational teacher. For every 14 three years or major fraction thereof, an individual can buy 15 one year of creditable service, not to exceed a total of five 16 years. Previous work experience shall not include time served 17 in an apprenticeship. The purchase of this service shall
1 begin within three years of the employee's eligibility to 2 purchase this creditable service. 3 * * * 4 Section 2. Section 8324(e) of Title 24 is amended to read: 5 § 8324. Contributions for purchase of credit for creditable 6 nonschool service. 7 * * * 8 (e) Creditable work experience.-- 9 (1) Contributions on account of T-C credit for 10 creditable work experience pursuant to section 8304(b)(6) 11 shall be the present value of the full actuarial cost of the 12 increase in the projected superannuation annuity caused by 13 the additional service credited on account of the purchase of 14 creditable work experience. [The amount paid for the purchase 15 of credit for creditable work experience shall not be payable 16 as a lump sum under section 8345(a)(4)(iii) (relating to 17 member's options).] Any individual eligible to receive an 18 annuity, excluding an annuity received under the Federal 19 Social Security Act (42 U.S.C. § 301 et seq.), in another 20 pension system, other than a military pension system, shall 21 not be eligible to purchase this service. 22 (2) Contributions on account of T-C credit for 23 creditable work experience pursuant to section 8304(b)(9) 24 shall be the increase in the present value at the time of 25 purchase attributable to the additional service credited on 26 account of the purchase of such creditable work experience, 27 calculated on the basis of the average annual compensation 28 received during the first three years of credited school 29 service subsequent to such creditable work experience. 30 (3) The amount paid for the purchase of service under 19930H2395B3010 - 2 -
1 this subsection shall not be payable as a lump sum under 2 section 8345(a)(4)(iii) (relating to member's options). 3 Section 3. This act shall take effect in 60 days. K23L24MRD/19930H2395B3010 - 3 -