S0001B1132A02829 KMK:NLH 06/28/15 #90 A02829
AMENDMENTS TO SENATE BILL NO. 1
Sponsor: REPRESENTATIVE DERMODY
Printer's No. 1132
Amend Bill, page 1, line 16, by striking out "and"
Amend Bill, page 1, line 20, by inserting after "obligations"
; and repealing prohibition on issuance of pension obligation
bonds
Amend Bill, page 412, line 20, by striking out all of said
line and inserting
Section 512. Repeals are as follows:
(1) The General Assembly declares that the repeals under
paragraphs (2) and (3) are necessary to effectuate the
provisions of this act.
(2) Section 13 of the act of November 23, 2010
(P.L.1269, No.120), entitled "An act amending Titles 24
(Education) and 71 (State Government) of the Pennsylvania
Consolidated Statutes, in Title 24, further providing for
definitions, for mandatory and optional membership, for
contributions by the Commonwealth, for payments by employers,
for actuarial cost method, for additional supplemental
annuities, for further additional supplemental annuities, for
supplemental annuities commencing 1994, for supplemental
annuities commencing 1998, for supplemental annuities
commencing 2002, for supplemental annuities commencing 2003,
for administrative duties of board, for payments to school
entities by Commonwealth, for eligibility points for
retention and reinstatement of service credits and for
creditable nonschool service; providing for election to
become a Class T-F member; further providing for classes of
service, for eligibility for annuities, for eligibility for
vesting, for regular member contributions, for member
contributions for creditable school service, for
contributions for purchase of credit for creditable nonschool
service, for maximum single life annuity, for disability
annuities, for member's options, for duties of board
regarding applications and elections of members and for
rights and duties of school employees and members; providing
for Independent Fiscal Office study; in Title 71,
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establishing an independent fiscal office and making a
related repeal; further providing for definitions, for
credited State service, for retention and reinstatement of
service credits, for creditable nonstate service and for
classes of service; providing for election to become a Class
A-4 member; further providing for eligibility for annuities
and for eligibility for vesting; providing for shared-risk
member contributions for Class A-3 and Class A-4 service;
further providing for waiver of regular member contributions
and Social Security integration member contributions, for
member contributions for purchase of credit for previous
State service or to become a full coverage member, for
contributions for the purchase of credit for creditable
nonstate service, for contributions by the Commonwealth and
other employers, for actuarial cost method, for maximum
single life annuity, for disability annuities and for
member's options; providing for payment of accumulated
deductions resulting from Class A-3 service; further
providing for additional supplemental annuities, for further
additional supplemental annuities, for supplemental annuities
commencing 1994, for supplemental annuities commencing 1998,
for supplemental annuities commencing 2002, for supplemental
annuities commencing 2003, for special supplemental
postretirement adjustment of 2002, for administrative duties
of the board, for duties of board to advise and report to
heads of departments and members, for duties of board
regarding applications and elections of members, for
installment payments of accumulated deductions, for rights
and duties of State employees and members, for members'
savings account, for State accumulation account, for State
Police Benefit Account, for Enforcement Officers' Benefit
Account, for supplemental annuity account and for
construction of part; and providing for Independent Fiscal
Office study, for retirement eligibility of Pennsylvania
State Police officers or members, for a prohibition on the
issuance of pension obligation bonds, for holding certain
public officials harmless, for construction of calculation or
actuarial method, for applicability and for certain
operational provisions," is repealed.
(3) Section 502 of the act of October 15, 1980
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