THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE BILL

INTRODUCED BY MILLER, DENLINGER, REICHLEY, ADOLPH, BARRAR, BOYD, CLYMER, CREIGHTON, CUTLER, EVERETT, FLECK, GABLER, GROVE, HARPER, HENNESSEY, HICKERNELL, HORNAMAN, KAUFFMAN, M. KELLER, KOTIK, MARSICO, MICOZZIE, MURT, O'NEILL, PEIFER, PETRI, PICKETT, PYLE, RAPP, ROAE, ROHRER, ROSS, SAYLOR, SCAVELLO, STEVENSON, SWANGER, TALLMAN, VULAKOVICH, WATSON AND BEYER, JUNE 3, 2009

REFERRED TO COMMITTEE ON FINANCE, JUNE 3, 2009  

AN ACT

Amending Title 24 (Education) of the Pennsylvania Consolidated

Statutes, further providing for the employer contribution

rates on behalf of active members.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1.  Section 8328(a) of Title 24 of the Pennsylvania

Consolidated Statutes is amended to read:

§ 8328.  Actuarial cost method.

(a)  Employer contribution rate on behalf of active

members.--The amount of the total employer contributions on

behalf of all active members shall be computed by the actuary as

a percentage of the total compensation of all active members

during the period for which the amount is determined and shall

be so certified by the board. The total contribution rate on

behalf of all active members shall consist of the normal

contribution rate as defined in subsection (b), the accrued

liability contribution rate as defined in subsection (c) and the

supplemental annuity contribution rate as defined in subsection

(d). Beginning July 1, 2004, the total contribution rate shall

be modified by the experience adjustment factors as calculated

in subsection (e) but in no case shall it be less than:

(1)  4% plus the premium assistance contribution rate[.]

for the fiscal year beginning July 1, 2004; and

(2)  the employer normal contribution rate plus the

premium assistance contribution rate for the fiscal year

beginning July 1, 2009, and thereafter.

* * *

Section 2.  This act shall take effect in 60 days.