PRINTER'S NO. 1040
No. 919 Session of 2005
INTRODUCED BY MARKOSEK, BEBKO-JONES, BELARDI, BELFANTI,
CALTAGIRONE, CAPPELLI, CURRY, DALEY, DeWEESE, EACHUS,
FABRIZIO, GEIST, GERGELY, GOODMAN, GRUCELA, HALUSKA, HARHAI,
HUTCHINSON, JAMES, KIRKLAND, LaGROTTA, McILHATTAN, PETRARCA,
PISTELLA, READSHAW, REED, SAINATO, SCAVELLO, SHANER, THOMAS,
WANSACZ, WOJNAROSKI AND YOUNGBLOOD, MARCH 14, 2005
REFERRED TO COMMITTEE ON EDUCATION, MARCH 14, 2005
AN ACT
1 Amending Title 24 (Education) of the Pennsylvania Consolidated
2 Statutes, further providing for eligibility for limited early
3 retirement.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Section 8313 of Title 24 of the Pennsylvania
7 Consolidated Statutes is amended by adding paragraphs to read:
8 § 8313. Eligibility for limited early retirement.
9 Notwithstanding any provisions of this title to the contrary,
10 the following early retirement provisions shall be applicable to
11 eligible members:
12 * * *
13 (3) Any member who, during the period of time from the
14 effective date of this paragraph through July 31, 2005:
15 (i) has credit for at least 30 eligibility points;
16 (ii) terminates school service; and
1 (iii) files an application for an annuity with an
2 effective date not later than July 1, 2005,
3 shall be entitled to receive a maximum single life annuity
4 calculated pursuant to section 8342 without any reduction by
5 virtue of an effective date of retirement which is under the
6 superannuation age.
7 (4) Any member who, during the period of time from April
8 1, 2006, through July 31, 2006:
9 (i) has credit for at least 30 eligibility points;
10 (ii) terminates school service; and
11 (iii) files an application for an annuity with an
12 effective date of retirement not later than July 31,
13 2006,
14 shall be entitled to receive a maximum single life annuity
15 calculated pursuant to section 8342 without any reduction by
16 virtue of an effective date of retirement which is under the
17 superannuation age.
18 (5) Any member who, during the period of time from April
19 1, 2007, through June 30, 2007:
20 (i) has credit for at least 32 eligibility points;
21 (ii) terminates school service; and
22 (iii) files an application for an annuity with an
23 effective date of retirement not later than July 1, 2007,
24 shall be entitled to receive a maximum single life annuity
25 calculated pursuant to section 8342 without any reduction by
26 virtue of an effective date of retirement which is under the
27 superannuation age.
28 (6) Any member who, during the period of time from April
29 1, 2008, through June 30, 2008:
30 (i) has credit for at least 31 eligibility points;
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1 (ii) terminates school service; and
2 (iii) files an application for an annuity with an
3 effective date of retirement not later than July 1, 2008,
4 shall be entitled to receive a maximum single life annuity
5 calculated pursuant to section 8342 without any reduction by
6 virtue of an effective date of retirement which is under the
7 superannuation age.
8 (7) Any member who, during the period of time from April
9 1, 2009, through June 30, 2009:
10 (i) has credit for at least 30 eligibility points;
11 (ii) terminates school service; and
12 (iii) files an application for an annuity with an
13 effective date of retirement not later than July 1, 2009,
14 shall be entitled to receive a maximum single life annuity
15 calculated pursuant to section 8342 without any reduction by
16 virtue of an effective date of retirement which is under the
17 superannuation age.
18 Section 2. This act shall take effect immediately.
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