PRINTER'S NO. 2183
No. 1819 Session of 1991
INTRODUCED BY TIGUE, KUKOVICH, PESCI, ITKIN, JAROLIN, DALEY,
KRUSZEWSKI, BELARDI, STEELMAN, RICHARDSON AND PISTELLA,
JUNE 28, 1991
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, JUNE 28, 1991
AN ACT
1 Amending the act of February 1, 1974 (P.L.34, No.15), entitled
2 "An act creating a Pennsylvania Municipal Retirement System
3 for the payment of retirement allowances to officers,
4 employes, firemen and police of political subdivisions and
5 municipal authorities and of institutions supported and
6 maintained by political subdivisions and municipal government
7 associations and providing for the administration of the same
8 by a board composed of the State Treasurer and others
9 appointed by the Governor; imposing certain duties on the
10 Pennsylvania Municipal Retirement Board and the actuary
11 thereof; providing the procedure whereby political
12 subdivisions and municipal authorities may join such system,
13 and imposing certain liabilities and obligations on such
14 political subdivisions and municipal authorities in
15 connection therewith, and as to certain existing retirement
16 and pension systems, and upon officers, employes, firemen and
17 police of such political subdivisions, institutions supported
18 and maintained by political subdivisions, and upon municipal
19 authorities; providing for the continuation of certain
20 municipal retirement systems now administered by the
21 Commonwealth; providing certain exemptions from taxation,
22 execution, attachment, levy and sale and providing for the
23 repeal of certain related acts," further providing for
24 vesting.
25 The General Assembly of the Commonwealth of Pennsylvania
26 hereby enacts as follows:
27 Section 1. Section 213 of the act of February 1, 1974
28 (P.L.34, No.15), known as the Pennsylvania Municipal Retirement
1 Law, amended May 17, 1980 (P.L.135, No. 50), is amended to read:
2 Section 213. Vesting.--(a) Should a contributor, before
3 reaching superannuation retirement age and after having
4 completed [twelve] ten years of total service, for any reason
5 cease to be a municipal employe, he shall be entitled to vest
6 his retirement benefits until he attains superannuation
7 retirement age, by filing with the board a written notice of his
8 intentions to vest, within ninety days of the date of his
9 termination of employment. Accumulated deductions will include
10 interest from date of termination until the earlier of the date
11 of the commencement of the annuity or the date of payment of
12 member contributions.
13 (b) A contributor, who was terminated by the municipality
14 not voluntarily, may elect, after he has vested, to be paid as
15 follows:
16 (1) The full amount of the accumulated deductions, including
17 interest; or
18 (2) An early retirement allowance as computed under the
19 provisions of clause (2) of section 210; or
20 (3) Upon reaching superannuation retirement age, a
21 superannuation retirement allowance as computed under the
22 provisions of section 208.
23 (c) A contributor, who voluntarily terminated his
24 employment, may elect, after he has vested, to be paid as
25 follows:
26 (1) The full amount of the accumulated deductions, including
27 interest; or
28 (2) If the contributor has completed twenty-four years or
29 more of total service, a voluntary withdrawal allowance computed
30 in accordance with the provisions of section 210; or
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1 (3) Upon reaching superannuation retirement age, a
2 superannuation retirement allowance as computed under the
3 provisions of section 208.
4 (d) Should a contributor, who has vested, die before he
5 becomes eligible for a retirement allowance, the full amount of
6 the accumulated deductions plus the balance in the member's
7 excess investment account, including interest to the date of his
8 death, standing to his credit in the member's account of the
9 fund shall be paid to his estate or to his named beneficiary in
10 accordance with the provisions of subsection (d) of section 207.
11 including interest to the date of his death, standing to his
12 credit in the member's account of the fund shall be paid to his
13 estate or to his named beneficiary in accordance with the
14 provisions of subsection (d) of section 207.
15 Section 2. This act shall take effect in 60 days.
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