SENATE AMENDED
PRIOR PRINTER'S NO. 647 PRINTER'S NO. 2916
No. 545 Session of 2003
INTRODUCED BY BUNT, CURRY, SATHER, COY, BAKER, BARD, BEBKO-
JONES, BELFANTI, BROWNE, CAPPELLI, COSTA, CRAHALLA, DALEY,
DIVEN, FICHTER, HARHAI, HARPER, HENNESSEY, HERMAN, HORSEY,
JAMES, LEH, LEWIS, McGILL, McILHATTAN, R. MILLER, PAYNE,
PETRARCA, PRESTON, READSHAW, SAINATO, SCRIMENTI, SOLOBAY,
STABACK, TIGUE, WASHINGTON, CIVERA, J. TAYLOR, ADOLPH,
SCHRODER, REICHLEY AND McGEEHAN, MARCH 3, 2003
SENATOR EARLL, FINANCE, IN SENATE, AS AMENDED, NOVEMBER 18, 2003
AN ACT
1 Amending the act of August 31, 1971 (P.L.398, No.96), entitled
2 "An act providing for the creation, maintenance and operation
3 of a county employes' retirement system, and imposing certain
4 charges on counties and providing penalties," changing
5 vesting rights; and providing additional class options. <--
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. Section 2(16) of the act of August 31, 1971
9 (P.L.398, No.96), known as the County Pension Law, amended
10 December 20, 1983 (P.L.282, No.75), is amended to read:
11 Section 2. Definitions.--As used in this act:
12 * * *
13 (16) "Vesting" means the right of a contributor who
14 separates from service after having completed [eight] five or
15 more years of credited service to leave accumulated deductions
16 credited to his account in the fund and upon reaching
1 superannuation retirement age receive a superannuation
2 retirement allowance.
3 Section 2. The act is amended by adding a section to read: <--
4 Section 7.1. Additional Class Options.--(a) The board may,
5 by rule, establish a one-fiftieth class or a one-fortieth class
6 with a required member contribution rate of nine per cent for
7 each class unless the board establishes a different contribution
8 rate in accordance with section 7(e).
9 (b) The board may, by rule, authorize the class adopted
10 pursuant to this section to be applied retroactively to the
11 employe's credit service.
12 (c) Whenever the board has, by rule, authorized the members
13 of the retirement system to make a transfer to the one-fiftieth
14 class or the one-fortieth class, the county annuity shall be
15 calculated in accordance with section 14(c) with the new classes
16 added. Notwithstanding the provisions of section 14(c), if the
17 board adopts the retroactivity provision in subsection (b), the
18 county annuity for all periods of service shall be calculated at
19 the one-fiftieth class rate or one-fortieth class rate, as the
20 case may be.
21 (d) The board may adopt rules pursuant to this section at
22 any time within the twelve-month period following the effective
23 date of this section.
24 Section 3 2. This act shall take effect immediately. <--
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