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07/20/2024 03:40 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20130&cosponId=15218
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2013 - 2014 Regular Session

MEMORANDUM

Posted: September 11, 2014 12:27 PM
From: Representative Stephen Bloom
To: All House members
Subject: Legislative Pension Exit Option
 
Under current law, once a legislator joins the legislative pension system, that election is irrevocable and the legislator has no option to exit the system during his or her term of service. While several of our colleagues (myself included) timely signed paperwork to irrevocably refuse the legislative pension prior to our taking office, others have sought to exit the system during their terms, only to be advised that there is no legal option to do so. Given the ongoing fiscal crisis facing the state pension systems, my legislation would provide sitting legislators who are already participating in the legislative pension with an option to exit same, if they so choose.

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Introduced as HB2518