PRINTER'S NO. 859
No. 803 Session of 1997
INTRODUCED BY RHOADES, BELL, BRIGHTBILL, WENGER, WOZNIAK,
SALVATORE, COSTA, SCHWARTZ, MURPHY, KASUNIC, BODACK, ROBBINS,
STOUT, STAPLETON, PUNT, AFFLERBACH, MADIGAN, MUSTO, LAVALLE,
MELLOW AND KUKOVICH, APRIL 1, 1997
REFERRED TO FINANCE, APRIL 1, 1997
AN ACT
1 Amending Title 24 (Education) of the Pennsylvania Consolidated
2 Statutes, providing for a new period of eligibility for
3 special early retirement.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Section 8312 introductory paragraph of Title 24
7 of the Pennsylvania Consolidated Statutes is amended and the
8 section is amended by adding a paragraph to read:
9 § 8312. Eligibility for special early retirement.
10 Notwithstanding any provisions of this title to the contrary,
11 for the period only of July 1, 1985, to July 1, [1997] 2000, the
12 following special early retirement provisions shall be
13 applicable to specified eligible members as follows:
14 * * *
15 (5) During the period of July 1, 1997, to July 1, 2000,
16 a member who has credit for at least 30 eligibility points
17 shall be entitled, upon termination of service and filing of
1 a proper application, to receive a maximum single life
2 annuity calculated pursuant to section 8342 without any
3 reduction by virtue of an effective date of retirement which
4 is under the superannuation age.
5 Section 2. This act shall take effect immediately.
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