PRINTER'S NO. 1492
No. 1309 Session of 1997
INTRODUCED BY L. I. COHEN, LAUGHLIN, STABACK, McGILL, KENNEY, ITKIN, WOGAN, COWELL, YOUNGBLOOD, STEELMAN, SHANER, E. Z. TAYLOR, PISTELLA, BELARDI, BOSCOLA, TULLI, SURRA, GLADECK, TRELLO AND PETRARCA, APRIL 15, 1997
REFERRED TO COMMITTEE ON EDUCATION, APRIL 15, 1997
AN ACT 1 Amending Title 24 (Education) of the Pennsylvania Consolidated 2 Statutes, further providing for creditable nonschool service. 3 The General Assembly of the Commonwealth of Pennsylvania 4 hereby enacts as follows: 5 Section 1. Section 8304(b) of Title 24 of the Pennsylvania 6 Consolidated Statutes is amended by adding a paragraph to read: 7 § 8304. Creditable nonschool service. 8 * * * 9 (b) Limitations on nonschool service.--Creditable nonschool 10 service credit shall be limited to: 11 * * * 12 (9) Previous service as a school employee, teacher or 13 instructor in an accredited Pennsylvania nonpublic elementary 14 or secondary school, if the member was entitled to a 15 provisional or professional certificate to teach in the 16 public schools of this Commonwealth at the time this service 17 was rendered. For every three years in previous work
1 experience, an individual can buy one year of creditable 2 service, not to exceed a total of five years. The purchase of 3 this service shall begin within three years of the employee's 4 eligibility to purchase this creditable service. The 5 Department of Education may charge an applicant a fee 6 necessary to cover administrative costs incurred in verifying 7 the applicant's eligibility for certification. 8 * * * 9 Section 2. Section 8324(e) of Title 24 is amended to read: 10 § 8324. Contributions for purchase of credit for creditable 11 nonschool service. 12 * * * 13 (e) Creditable work experience.-- 14 (1) Contributions on account of T-C credit for 15 creditable work experience pursuant to section 8304(b)(6) 16 shall be the present value of the full actuarial cost of the 17 increase in the projected superannuation annuity caused by 18 the additional service credited on account of the purchase of 19 creditable work experience. [The amount paid for the purchase 20 of credit for creditable work experience shall not be payable 21 as a lump sum under section 8345(a)(4)(iii) (relating to 22 member's options).] Any individual eligible to receive an 23 annuity, excluding an annuity received under the Federal 24 Social Security Act (42 U.S.C. § 301 et seq.), in another 25 pension system, other than a military pension system, shall 26 not be eligible to purchase this service. 27 (2) Contributions on account of T-C credit for 28 creditable work experience pursuant to section 8304(b)(9) 29 shall be the present value of the full actuarial cost of the 30 increase in the projected superannuation annuity caused by 19970H1309B1492 - 2 -
1 the additional service credited on account of the purchase of 2 creditable work experience. Any individual eligible to 3 receive an annuity, excluding an annuity received under the 4 Social Security Act, in another pension system, other than a 5 military pension system, shall not be eligible to purchase 6 this service. 7 (3) The amount paid for the purchase of service under 8 this subsection shall not be payable as a lump sum under 9 section 8345(a)(4)(iii) (relating to member's options). 10 * * * 11 Section 3. This act shall take effect in 60 days. C6L24JRW/19970H1309B1492 - 3 -