PRINTER'S NO. 400
No. 350 Session of 2007
INTRODUCED BY REED, BAKER, BEYER, CAPPELLI, CAUSER, COX,
CREIGHTON, DALEY, J. EVANS, FABRIZIO, GEORGE, GIBBONS,
GINGRICH, GOODMAN, GRUCELA, HANNA, HARHAI, HARHART,
HENNESSEY, JAMES, KAUFFMAN, KILLION, KOTIK, KULA, MACKERETH,
MANN, MARKOSEK, MARSHALL, MUSTIO, D. O'BRIEN, O'NEILL, PAYNE,
PAYTON, PETRARCA, PETRI, PETRONE, PICKETT, QUIGLEY, RAPP,
READSHAW, REICHLEY, SAINATO, SANTONI, SCAVELLO, SCHRODER,
SHAPIRO, SIPTROTH, SONNEY, STABACK, TRUE, WALKO, WANSACZ AND
YOUNGBLOOD, FEBRUARY 9, 2007
REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 9, 2007
AN ACT
1 Amending Titles 24 (Education) and 71 (State Government) of the
2 Pennsylvania Consolidated Statutes, providing for special
3 supplemental annuities for certain annuitants.
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 § 8348.8. Special supplemental annuities for certain
9 annuitants.
10 (a) Benefits.--Commencing with the first monthly annuity
11 payment after the conditions of subsection (c) are satisfied,
12 any eligible benefit recipient as defined in subsection (e)
13 shall be entitled to receive an additional monthly supplemental
14 annuity from the system as provided for in subsection (b). This
15 shall be in addition to the supplemental annuities provided for
1 in sections 8348 (relating to supplemental annuities), 8348.1
2 (relating to additional supplemental annuities), 8348.2
3 (relating to further additional supplemental annuities), 8348.3
4 (relating to supplemental annuities commencing 1994), 8348.5
5 (relating to supplemental annuities commencing 1998) and 8348.7
6 (relating to supplemental annuities commencing 2003) and the
7 special supplemental postretirement adjustments provided for in
8 sections 8348.4 (relating to special supplemental postretirement
9 adjustment) and 8348.6 (relating to supplemental annuities
10 commencing 2002).
11 (b) Amount and duration of special supplemental annuity.--
12 The amount of the special supplemental annuity shall equal 5% of
13 the monthly annuity payment on the effective date of this
14 section. There shall be four additional 5% increases, one in
15 each of the next four years, in accordance with the terms and
16 conditions of this section. The payment shall be made
17 automatically.
18 (c) Certification of actuaries.--The actuary or actuaries of
19 the system must certify that sufficient reserves exist in the
20 fund to allow for payment of the special supplemental annuities
21 without requiring employer contributions to the fund and to
22 ensure that these adjustments can be made without any added cost
23 to taxpayers. The board shall transmit notice of the
24 certification under this subsection to the Legislative Reference
25 Bureau for publication in the Pennsylvania Bulletin.
26 (d) Benefits to beneficiaries or survivors.--No special
27 supplemental annuity provided under this section shall be
28 payable to the beneficiary or survivor annuitant of a member who
29 died before December 31, 2007.
30 (e) Eligible benefit recipient.--As used in this section,
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1 "eligible benefit recipient" means a person who is receiving a
2 superannuation, withdrawal or disability annuity on June 30,
3 2001.
4 Section 2. Title 71 is amended by adding a section to read:
5 § 5708.9. Special supplemental annuities for certain
6 annuitants.
7 (a) Benefits.--Commencing with the first monthly annuity
8 payment after the conditions of subsection (c) are satisfied,
9 any eligible benefit recipient as defined in subsection (e)
10 shall be entitled to receive an additional monthly supplemental
11 annuity from the system as provided for in subsection (b). This
12 shall be in addition to the supplemental annuities provided for
13 in sections 5708 (relating to supplemental annuities), 5708.1
14 (relating to additional supplemental annuities), 5708.2
15 (relating to further additional supplemental annuities), 5708.3
16 (relating to supplemental annuities commencing 1994), 5708.5
17 (relating to supplemental annuities commencing 1998) and 5708.7
18 (relating to supplemental annuities commencing 2003) and the
19 special supplemental postretirement adjustments provided for in
20 sections 5708.4 (relating to special supplemental postretirement
21 adjustment) and 5708.8 (relating to special supplemental
22 postretirement adjustment of 2002).
23 (b) Amount and duration of special supplemental annuity.--
24 The amount of the special supplemental annuity shall equal 5% of
25 the monthly annuity payment on the effective date of this
26 section. There shall be four additional 5% increases, one in
27 each of the next four years, in accordance with the terms and
28 conditions of this section. The payment shall be made
29 automatically.
30 (c) Certification of actuaries.--The actuary or actuaries of
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1 the system must certify that sufficient reserves exist in the
2 fund to allow for payment of the special supplemental annuities
3 without requiring employer contributions to the fund and to
4 ensure that these adjustments can be made without any added cost
5 to taxpayers. The board shall transmit notice of the
6 certification under this subsection to the Legislative Reference
7 Bureau for publication in the Pennsylvania Bulletin.
8 (d) Benefits to beneficiaries or survivors.--No special
9 supplemental annuity provided under this section shall be
10 payable to the beneficiary or survivor annuitant of a member who
11 died before December 31, 2007.
12 (e) Eligible benefit recipient.--As used in this section,
13 "eligible benefit recipient" means a person who is receiving a
14 superannuation, withdrawal or disability annuity on June 30,
15 2001.
16 Section 3. This act shall apply as follows:
17 (1) The addition of 24 Pa.C.S. § 8348.8 shall apply upon
18 publication of the notice under 24 Pa.C.S § 8348.8(c).
19 (2) The addition of 71 Pa.C.S. § 5708.9 shall apply upon
20 publication of the notice under 71 Pa.C.S. § 5708.9(c).
21 Section 4. This act shall take effect July 1, 2008.
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