PRINTER'S NO. 3744
No. 2591 Session of 2002
INTRODUCED BY BUNT, CURRY, GODSHALL, FICHTER, McGILL, CORNELL,
DAILEY, BROOKS, HARPER AND L. I. COHEN, APRIL 18, 2002
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, APRIL 18, 2002
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," changing
5 vesting rights; and providing additional class options for
6 certain counties.
7 The General Assembly of the Commonwealth of Pennsylvania
8 hereby enacts as follows:
9 Section 1. Section 2(16) of the act of August 31, 1971
10 (P.L.398, No.96), known as the County Pension Law, amended
11 December 20, 1983 (P.L.282, No.75), is amended to read:
12 Section 2. Definitions.--As used in this act:
13 * * *
14 (16) "Vesting" means the right of a contributor who
15 separates from service after having completed [eight] five or
16 more years of credited service to leave accumulated deductions
17 credited to his account in the fund and upon reaching
18 superannuation retirement age receive a superannuation
19 retirement allowance.
20 Section 2. The act is amended by adding a section to read:
1 Section 7.1. Additional Class Options for Certain
2 Counties.--(a) During any time specified in subsection (c), the
3 board may, by rule, establish a one-fiftieth class or a one-
4 fortieth class with a required member contribution rate of nine
5 per cent for each class in accordance with the standards
6 prescribed in section 7(g). During such time, the board may, by
7 rule, authorize the class adopted pursuant to this section to be
8 applied retroactively to the employe's credit service.
9 (b) Whenever the board has, by rule, authorized the members
10 of the retirement system to make a transfer to the one-fiftieth
11 class or the one-fortieth class, the county annuity shall be
12 calculated in accordance with section 14(c).
13 (c) The board may adopt a rule pursuant to subsection (a) at
14 any time within the twelve-month period following the effective
15 date of this section.
16 Section 3. This act shall take effect immediately.
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