PRINTER'S NO. 218
No. 210 Session of 2001
INTRODUCED BY RHOADES, TOMLINSON, CONTI, TILGHMAN, MADIGAN,
LEMMOND, BELL, KUKOVICH, SCHWARTZ, HOLL, COSTA, MELLOW,
STOUT, WAGNER, DENT, CORMAN, LAVALLE, GREENLEAF, BOSCOLA,
BODACK, O'PAKE, TARTAGLIONE, LOGAN, PUNT, JUBELIRER AND
SCARNATI, JANUARY 31, 2001
REFERRED TO FINANCE, JANUARY 31, 2001
AN ACT
1 Amending Titles 24 (Education) and 71 (State Government) of the
2 Pennsylvania Consolidated Statutes, providing for eligibility
3 for special early retirement.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Title 24 of the Pennsylvania Consolidated
7 Statutes is amended by adding a section to read:
8 § 8314. Eligibility for limited special early retirement.
9 Notwithstanding any provisions of this title to the contrary,
10 for the period of July 1, 2001, to June 30, 2004, any member
11 who:
12 (1) has credit for at least 30 eligibility points;
13 (2) terminates school service; and
14 (3) files an application for an annuity with an
15 effective date of retirement not later than July 1, 2004,
16 shall be eligible for limited special early retirement
17 consisting of a maximum single life annuity calculated pursuant
1 to section 8342 (relating to maximum single life annuity)
2 without any reduction by virtue of an effective date of
3 retirement which is under the superannuation age.
4 Section 2. Title 71 is amended by adding a section to read:
5 § 5308.3. Eligibility for limited special early retirement.
6 Notwithstanding any provisions of this title to the contrary,
7 for the period of July 1, 2001, to June 30, 2004, any member
8 who:
9 (1) has credit for at least 30 eligibility points;
10 (2) terminates State service; and
11 (3) files an application for an annuity with an
12 effective date of retirement not later than July 1, 2004,
13 shall be eligible for limited special early retirement
14 consisting of a maximum single life annuity calculated pursuant
15 to section 5702 (relating to maximum single life annuity)
16 without any reduction by virtue of an effective date of
17 retirement which is under the superannuation age.
18 Section 3. This act shall take effect immediately.
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