1Amending the act of December 5, 1936 (2nd Sp.Sess., 1937 
2P.L.2897, No.1), entitled "An act establishing a system of 
3unemployment compensation to be administered by the 
4Department of Labor and Industry and its existing and newly 
5created agencies with personnel (with certain exceptions) 
6selected on a civil service basis; requiring employers to 
7keep records and make reports, and certain employers to pay 
8contributions based on payrolls to provide moneys for the 
9payment of compensation to certain unemployed persons; 
10providing procedure and administrative details for the 
11determination, payment and collection of such contributions 
12and the payment of such compensation; providing for 
13cooperation with the Federal Government and its agencies; 
14creating certain special funds in the custody of the State 
15Treasurer; and prescribing penalties," further providing for
16ineligibility for compensation.

17The General Assembly of the Commonwealth of Pennsylvania
18hereby enacts as follows:

19Section 1. Section 402 of the act of December 5, 1936 (2nd 
20Sp.Sess., 1937 P.L.2897, No.1), known as the Unemployment 
21Compensation Law, is amended by adding a subsection to read:

22Section 402. Ineligibility for Compensation.--An employe
23shall be ineligible for compensation for any week--

1* * *

2(k) In which his unemployment is due to either of the 
3following reasons:

4(1) voluntarily leaving employment in order to maintain
5benefits under a retirement plan, annuity or other similar
6periodic payment plan after returning to work following
7retirement; or

8(2) termination of employment in order to maintain benefits
9under a retirement plan, annuity or other similar periodic
10payment plan after returning to work following retirement.

11Section 2. The provisions of this act shall apply to initial
12claims filed on or after the effective date of this section.

13Section 3. This act shall take effect in 60 days.