Bill Information

An Act amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes, further providing for creditable nonschool service, for election to become a Class T-D member, for actuarial cost method and for termination of annuities; providing for supplemental annuities commencing 2002 and 2003; further providing for payment of benefits, for annuity reserve account and for the definitions of "creditable nonstate service," "State employees," "State service" and "total accumulated deductions"; providing for notice to members; further providing for mandatory and optional membership, for credited State service and for retention and reinstatement of service credits; providing for election to convert school service to State service; further providing for creditable nonstate service, for classes of service, for contributions by the Commonwealth and other employers and for actuarial cost method; providing for transfer of accumulated deductions; further providing for disability annuities; providing for supplemental annuities commencing 2002 and 2003 and for special supplemental postretirement adjustment of 2002; further providing for duties of the board to advise and report to heads of departments and members, for duties of the board to report to the Public School Employees' Retirement Board, for rights and duties of annuitants, for members' savings account, for State accumulation account and for supplemental annuity account; and making technical corrections.