PRINTER'S NO. 56
No. 56 Session of 2003
INTRODUCED BY GREENLEAF, EARLL, LOGAN, WAGNER, LEMMOND, MELLOW,
PUNT, KITCHEN, TOMLINSON, KUKOVICH, D. WHITE, COSTA,
SCARNATI, BOSCOLA, KASUNIC AND M. WHITE, JANUARY 24, 2003
REFERRED TO FINANCE, JANUARY 24, 2003
AN ACT
1 Amending Titles 24 (Education) and 71 (State Government) of the
2 Pennsylvania Consolidated Statutes, further providing for
3 eligibility for limited early retirement.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Section 8313 of Title 24 of the Pennsylvania
7 Consolidated Statutes is amended to read:
8 § 8313. Eligibility for limited early retirement.
9 Notwithstanding any provisions of this title to the contrary,
10 the following early retirement provisions shall be applicable to
11 eligible members:
12 (1) Any member who, during the period of time from the
13 effective date of this section through July 10, 1998:
14 (i) has credit for at least 30 eligibility points;
15 (ii) terminates school service; and
16 (iii) files an application for an annuity with an
17 effective date of retirement not later than July 11,
18 1998,
1 shall be entitled to receive a maximum single life annuity
2 calculated pursuant to section 8342 (relating to maximum
3 single life annuity) without any reduction by virtue of an
4 effective date of retirement which is under the
5 superannuation age.
6 (2) Any member who, during the period of time from April
7 1, 1999, through June 30, 1999:
8 (i) has credit for at least 30 eligibility points;
9 (ii) terminates school service; and
10 (iii) files an application for an annuity with an
11 effective date of retirement not later than July 1, 1999,
12 shall be entitled to receive a maximum single life annuity
13 calculated pursuant to section 8342 without any reduction by
14 virtue of an effective date of retirement which is under the
15 superannuation age.
16 (3) Any member who, during the period of time from April
17 1, 2003, through June 30, 2003:
18 (i) has credit for at least 30 eligibility points;
19 (ii) terminates school service; and
20 (iii) files an application for an annuity with an
21 effective date of retirement not later than July 1, 2003,
22 shall be entitled to receive a maximum single life annuity
23 calculated pursuant to section 8342 without any reduction by
24 virtue of an effective date of retirement which is under the
25 superannuation age.
26 (4) Any member who, during the period of time from April
27 1, 2004, through June 30, 2004:
28 (i) has credit for at least 30 eligibility points;
29 (ii) terminates school service; and
30 (iii) files an application for an annuity with an
20030S0056B0056 - 2 -
1 effective date of retirement not later than July 1, 2004,
2 shall be entitled to receive a maximum single life annuity
3 calculated pursuant to section 8342 without any reduction by
4 virtue of an effective date of retirement which is under the
5 superannuation age.
6 Section 2. Section 5308.2 of Title 71 is amended to read:
7 § 5308.2. Eligibility for limited early retirement.
8 Notwithstanding any provisions of this title to the
9 contrary[, any]:
10 (1) Any eligible member who, during the period of time
11 from July 1, 1998, through June 30, 1999:
12 [(1)] (i) has credit for at least 30 eligibility
13 points;
14 [(2)] (ii) terminates State service; and
15 [(3)] (iii) files an application for an annuity with
16 an effective date of retirement not later than July 1,
17 1999,
18 shall be entitled to receive a maximum single life annuity
19 calculated pursuant to section 5702 (relating to maximum
20 single life annuity) without any reduction by virtue of an
21 effective date of retirement which is under the
22 superannuation age.
23 (2) Any eligible member who, during the period of time
24 from July 1, 1999, through June 30, 2004:
25 (i) has credit for at least 30 eligibility points;
26 (ii) terminates State service; and
27 (iii) files an application for an annuity with an
28 effective date of retirement not later than July 1, 2004,
29 shall be entitled to receive a maximum single life annuity
30 calculated pursuant to section 5702 without any reduction by
20030S0056B0056 - 3 -
1 virtue of an effective date of retirement which is under the
2 superannuation age.
3 Section 3. This act shall take effect immediately.
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