shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Police department." This term shall have the same meaning
as provided under section 2162 (relating to definitions).
"Police officer." This term shall have the same meaning as
provided under section 2162.
§ 9122. Pension service credit for prior service with police
department.
A county, city, borough, town, township or regional police
department shall amend its ordinance or resolution establishing
a police pension fund to provide full-time police officers the
option to purchase up to five years of pension service credit
for prior part-time or full-time police service provided in a
police department.
§ 9123. Computation of amount due.
The amount due for the purchase of credit for prior police
service shall be computed by:
(1) multiplying the average normal cost rate for
borough, town, township and regional police pension plans as
certified by the Auditor General but not to exceed 10%, by
the member's average annual rate of compensation over the
first three years of service with the police department; and
(2) multiplying the product from paragraph (1) by the
number of years and fractional part of a year of creditable
prior police service being purchased together with interest
at the rate of 4.75% compounded annually from the date of
initial entry into full-time service with the police
department to the date of payment.
§ 9124. Ineligibility.
No police officer shall be eligible to purchase service
20170SB0979PN1368 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30