PRINTER'S NO. 220
No. 204 Session of 1993
INTRODUCED BY E. Z. TAYLOR, OLASZ, FLEAGLE, D. W. SNYDER,
DEMPSEY, REBER, HALUSKA, D. R. WRIGHT, TULLI, HERMAN, BOYES,
LAUGHLIN, McCALL, HESS, COLAIZZO, L. I. COHEN, B. SMITH,
CAWLEY, THOMAS, TRELLO, DALEY, BATTISTO, DeLUCA, BELFANTI,
SCHULER, BUNT AND STERN, FEBRUARY 3, 1993
REFERRED TO COMMITTEE ON RULES, FEBRUARY 3, 1993
AN ACT
1 Amending Title 24 (Education) of the Pennsylvania Consolidated
2 Statutes, further providing for special early retirement.
3 The General Assembly of the Commonwealth of Pennsylvania
4 hereby enacts as follows:
5 Section 1. Section 8312 of Title 24 of the Pennsylvania
6 Consolidated Statutes is amended to read:
7 § 8312. Eligibility for special early retirement.
8 Notwithstanding any provisions of this title to the contrary,
9 for the period only of July 1, 1985, to June 30, [1993] 1994,
10 the following special early retirement provisions shall be
11 applicable to specified eligible members as follows:
12 (1) During the period of July 1, 1985 to June 30, 1986,
13 any member who has attained the age of at least 53 years and
14 has credit for at least 30 eligibility points shall be
15 entitled, upon termination of service and filing of a proper
16 application, to receive a maximum single life annuity
1 calculated pursuant to section 8342 (relating to maximum
2 single life annuity) without any reduction by virtue of an
3 effective date of retirement which is under the
4 superannuation age.
5 (2) During the period of July 1, 1985 to June 30, 1986,
6 any member who has attained the age of at least 50 years but
7 not greater than 53 years and has credit for at least 30
8 eligibility points shall be entitled, upon termination of
9 service and filing of a proper application, to receive a
10 maximum single life annuity calculated pursuant to section
11 8342 with a reduction by virtue of an effective date of
12 retirement which is under the superannuation age of a
13 percentage determined by multiplying the number of months,
14 including a fraction of a month as a full month, by which the
15 effective date of retirement precedes the attainment of age
16 53 by 0.25%.
17 (3) During the period of July 1, 1987, to June 30,
18 [1993] 1994, a member who has credit for at least 30
19 eligibility points shall be entitled, upon termination of
20 service and filing of a proper application, to receive a
21 maximum single life annuity calculated pursuant to section
22 8342 without any reduction by virtue of an effective date of
23 retirement which is under the superannuation age.
24 Section 2. This act shall take effect immediately.
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