PRINTER'S NO. 260
No. 237 Session of 1975
INTRODUCED BY CAPUTO, GEISLER, KERNICK, ITKIN, ROMANELLI, ABRAHAM, VALICENTI, FLAHERTY AND M. M. MULLEN, FEBRUARY 4, 1975
REFERRED TO COMMITTEE ON URBAN AFFAIRS, FEBRUARY 4, 1975
AN ACT 1 Amending the act of May 28, 1915 (P.L.596, No.259), entitled "An 2 act requiring cities of the second class to establish a 3 pension fund for employes of said cities, and regulating the 4 administration and the payment of such pensions," extending 5 the benefits of the act to employes of credit unions 6 maintained by and for city employes. 7 The General Assembly of the Commonwealth of Pennsylvania 8 hereby enacts as follows: 9 Section 1. Section 10, act of May 28, 1915 (P.L.596, 10 No.259), referred to as the Second Class City Employe Pension 11 Law, amended February 1, 1956 (P.L.990, No.309), is amended to 12 read: 13 Section 10. The benefits conferred by this act shall apply 14 to all persons employed in any capacity by or holding positions 15 in the cities included in its provisions, which shall include 16 all persons employed in any capacity by or holding position in a 17 credit union maintained by and for city employes or in an 18 authority created by said cities, or created by said cities 19 jointly with another political subdivision or other political
1 subdivisions or created by another political subdivision or 2 other political subdivisions and joined by said cities, except 3 where such authority has in effect its own pension or retirement 4 plan, maintained without reference to the provisions of this 5 act, in which case such authority's pension or retirement plan 6 shall be exclusive and such authority's employes shall not be 7 entitled to any rights under this act; and the words "city" or 8 "cities," as used in sections three, four, five, six, seven, 9 eight, ten, eleven, twelve and fourteen of this act shall be 10 construed to mean "credit union," "authority" or "authorities" 11 so created where appropriate: Provided, That this act shall not 12 apply to employes of such departments, bureaus, or offices as 13 are now protected by pension authorized by the laws of this 14 State, and in force at the time of the passage of this act, and 15 shall not apply to employes of a joint authority who are members 16 of a pension fund established for the benefit of the employes of 17 a political subdivision other than the city which is a member of 18 the joint authority. 19 For the purposes of this act the solicitor and all employes 20 of the office of the solicitor for delinquent real estate tax 21 and water rate liens provided for by the act, approved the 22 twenty-sixth day of May, one thousand nine hundred forty-three 23 (Pamphlet Laws six hundred twenty-nine), shall be regarded as 24 persons employed by or holding positions in the cities included 25 in the provisions of this act, to the extent that they may, if 26 they so desire, avail themselves of the benefits of the act to 27 which this is an amendment by paying to the board of pensions 28 monthly the amount provided for by said act. 29 Section 2. The act is amended by adding a section to read: 30 Section 18. Every credit union, the employes of which are 19750H0237B0260 - 2 -
1 members of the pension fund as hereinabove provided for, shall 2 pay to the board of pensions an amount sufficient to reimburse 3 the board of pensions for the amount of benefits paid employes 4 of such credit union as provided for by the act to which this 5 amendment is a part after receiving credit for all contributions 6 made to the pension fund by employes of such credit union: 7 Provided, however, That where an employe of any credit union 8 formerly worked for the city, the annual pension requirement or 9 other benefits shall be prorated on the basis that the number of 10 years such employe worked for the credit union bears to total 11 years of service in city and credit union employment; and the 12 credit union shall reimburse the board of pensions for that 13 proportionate part of the pension or other benefits paid which 14 the credit union service bears to the total; and the balance of 15 annual pension requirements or other benefits shall be paid by 16 such cities. 17 Every credit union employe shall have the option of joining 18 or refusing to join the pension fund within twelve months after 19 the effective date of this act or within twelve months of the 20 date when the privilege of joining occurs, whichever is later. 21 Any credit union employe shall receive full credit toward his 22 pension under the act for each year of service as the employe of 23 the credit union upon his producing proof satisfactory to the 24 pension board of the number of years of his service as an 25 employe of the credit union and upon his making back payments at 26 the same rate as if he had been a city employe in a lump sum or 27 by installments as may be determined by the board. If the 28 employe is retired under this act before the back payments have 29 been completed, the annuity shall be reduced by an amount 30 equivalent to the unpaid back payments or deduction increases 19750H0237B0260 - 3 -
1 not anticipated.
2 Section 3. This act shall take effect immediately and shall
3 be retroactive to January 1, 1975.
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