PRINTER'S NO. 387
No. 358 Session of 1993
INTRODUCED BY TANGRETTI, PESCI, LAUGHLIN, MIHALICH, BELFANTI,
VAN HORNE, TRELLO, HALUSKA, KASUNIC, KIRKLAND, M. COHEN,
PISTELLA, BARLEY AND DALEY, FEBRUARY 10, 1993
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, FEBRUARY 10, 1993
AN ACT
1 Amending the act of August 31, 1971 (P.L.398, No.96), entitled
2 "An act providing for the creation, maintenance and operation
3 of a county employes' retirement system, and imposing certain
4 charges on counties and providing penalties," providing for
5 special early retirement incentives for county employees.
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. The act of August 31, 1971 (P.L.398, No.96),
9 known as the County Pension Law, is amended by adding a section
10 to read:
11 Section 14.1. Special Early Retirement.--(a)
12 Notwithstanding any provisions of this act to the contrary, for
13 the period January 1, 1994, through January 1, 1995, a member
14 who was not a retiree on January 1, 1994, who terminates county
15 service between January 1, 1994, and January 1, 1995, inclusive,
16 who is during such period fifty-five years of age or older or
17 will attain fifty-five years of age between January 1, 1994, and
18 January 1, 1995, inclusive, with ten or more years of service,
19 and who files an application for retirement prior to January 1,
1 1994, shall be credited with an additional ten per cent of his
2 service.
3 (b) During the period of January 1, 1994 to January 1, 1995,
4 a member who has credit for at least thirty years of service
5 credited to his employment record shall be entitled, upon
6 termination of service and filing of a proper application, to
7 receive a maximum single life annuity calculated pursuant to
8 section 14 without any reduction by virtue of an effective date
9 of retirement which is under the superannuation age.
10 Section 2. This act shall take effect in 60 days.
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