PRINTER'S NO. 1715
No. 1259 Session of 2008
INTRODUCED BY WOZNIAK, ROBBINS, ERICKSON, REGOLA AND STOUT,
JANUARY 29, 2008
REFERRED TO FINANCE, JANUARY 29, 2008
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," further
5 providing for additional class options.
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. Section 7.1 of the act of August 31, 1971
9 (P.L.398, No.96), known as the County Pension Law, amended
10 November 29, 2006 (P.L.1560, No.174), is amended to read:
11 Section 7.1. Additional Class Options; Transfers to
12 Additional Classes.--(a) The board may, by rule, establish a
13 one-fiftieth class or a one-fortieth class with a required
14 member contribution rate of nine per cent for each class unless
15 the board establishes a different contribution rate in
16 accordance with section 7(e).
17 (b) The board may, by rule, authorize the class adopted
18 pursuant to this section to be applied retroactively to the
19 employe's credit service or any portion thereof.
1 (c) Whenever the board has, by rule, authorized the members
2 of the retirement system to make a transfer to the one-fiftieth
3 class or the one-fortieth class, the county annuity shall be
4 calculated in accordance with section 14(c) with the new classes
5 added. Notwithstanding the provisions of section 14(c), if the
6 board adopts the retroactivity provision in subsection (b), the
7 county annuity for all periods of service shall be calculated at
8 the one-fiftieth class rate or one-fortieth class rate, as the
9 case may be.
10 (d) The board may adopt rules pursuant to this section until
11 [June 30, 2007] December 31, 2012.
12 Section 2. This act shall take effect in 60 days.
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