PRINTER'S NO. 265
No. 228 Session of 2007
INTRODUCED BY GREENLEAF, WOZNIAK, PUNT, MELLOW, BOSCOLA,
KITCHEN, FONTANA, STOUT, D. WHITE, WONDERLING, KASUNIC,
ERICKSON, TOMLINSON, LAVALLE, COSTA, O'PAKE, TARTAGLIONE,
PIPPY AND STACK, MARCH 7, 2007
REFERRED TO FINANCE, MARCH 7, 2007
AN ACT
1 Amending Titles 24 (Education) and 71 (State Government) of the
2 Pennsylvania Consolidated Statutes, further providing for
3 eligibility for limited early retirement.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Section 8313 of Title 24 of the Pennsylvania
7 Consolidated Statutes is amended to read:
8 § 8313. Eligibility for limited early retirement.
9 Notwithstanding any provisions of this title to the contrary,
10 the following early retirement provisions shall be applicable to
11 eligible members:
12 (1) Any member who, during the period of time from the
13 effective date of this section through July 10, 1998:
14 (i) has credit for at least 30 eligibility points;
15 (ii) terminates school service; and
16 (iii) files an application for an annuity with an
17 effective date of retirement not later than July 11,
1 1998,
2 shall be entitled to receive a maximum single life annuity
3 calculated pursuant to section 8342 (relating to maximum
4 single life annuity) without any reduction by virtue of an
5 effective date of retirement which is under the
6 superannuation age.
7 (2) Any member who, during the period of time from April
8 1, 1999, through June 30, 1999:
9 (i) has credit for at least 30 eligibility points;
10 (ii) terminates school service; and
11 (iii) files an application for an annuity with an
12 effective date of retirement not later than July 1, 1999,
13 shall be entitled to receive a maximum single life annuity
14 calculated pursuant to section 8342 without any reduction by
15 virtue of an effective date of retirement which is under the
16 superannuation age.
17 (3) Any member who, during the period of time from April
18 1, 2007, through June 30, 2007:
19 (i) has credit for at least 30 eligibility points;
20 (ii) terminates school service; and
21 (iii) files an application for an annuity with an
22 effective date of retirement not later than July 1, 2007,
23 shall be entitled to receive a maximum single life annuity
24 calculated pursuant to section 8342 without any reduction by
25 virtue of an effective date of retirement which is under the
26 superannuation age.
27 (4) Any member who, during the period of time from April
28 1, 2008, through June 30, 2008:
29 (i) has credit for at least 30 eligibility points;
30 (ii) terminates school service; and
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1 (iii) files an application for an annuity with an
2 effective date of retirement not later than July 1, 2008,
3 shall be entitled to receive a maximum single life annuity
4 calculated pursuant to section 8342 without any reduction by
5 virtue of an effective date of retirement which is under the
6 superannuation age.
7 Section 2. Section 5308.2 of Title 71 is amended to read:
8 § 5308.2. Eligibility for limited early retirement.
9 Notwithstanding any provisions of this title to the
10 contrary[, any]:
11 (1) Any eligible member who, during the period of time
12 from July 1, 1998, through June 30, 1999:
13 [(1)] (i) has credit for at least 30 eligibility
14 points;
15 [(2)] (ii) terminates State service; and
16 [(3)] (iii) files an application for an annuity with
17 an effective date of retirement not later than July 1,
18 1999,
19 shall be entitled to receive a maximum single life annuity
20 calculated pursuant to section 5702 (relating to maximum
21 single life annuity) without any reduction by virtue of an
22 effective date of retirement which is under the
23 superannuation age.
24 (2) Any eligible member who, during the period of time
25 from July 1, 2007, through June 30, 2008:
26 (i) has credit for at least 30 eligibility points;
27 (ii) terminates State service; and
28 (iii) files an application for an annuity with an
29 effective date of retirement not later than July 1, 2008,
30 shall be entitled to receive a maximum single life annuity
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1 calculated pursuant to section 5702 without any reduction by
2 virtue of an effective date of retirement which is under the
3 superannuation age.
4 Section 3. This act shall take effect immediately.
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