implementation of the plan, as determined under subsection (a),
shall be utilized to pay down the accrued unfunded liability.
(c) Intent.--It is the intent of the General Assembly to
make an annual appropriation from the General Fund to the system
in the amount determined under subsection (a)(1).
(d) Definition.--As used in this section, the term "Act 120
of 2010" shall mean the act of November 23, 2010 (P.L.1269,
No.120), entitled, "An act amending Titles 24 (Education) and 71
(State Government) of the Pennsylvania Consolidated Statutes, in
Title 24, further providing for definitions, for mandatory and
optional membership, for contributions by the Commonwealth, for
payments by employers, for actuarial cost method, for additional
supplemental annuities, for further additional supplemental
annuities, for supplemental annuities commencing 1994, for
supplemental annuities commencing 1998, for supplemental
annuities commencing 2002, for supplemental annuities commencing
2003, for administrative duties of board, for payments to school
entities by Commonwealth, for eligibility points for retention
and reinstatement of service credits and for creditable
nonschool service; providing for election to become a Class T-F
member; further providing for classes of service, for
eligibility for annuities, for eligibility for vesting, for
regular member contributions, for member contributions for
creditable school service, for contributions for purchase of
credit for creditable nonschool service, for maximum single life
annuity, for disability annuities, for member's options, for
duties of board regarding applications and elections of members
and for rights and duties of school employees and members;
providing for Independent Fiscal Office study; in Title 71,
establishing an independent fiscal office and making a related
repeal; further providing for definitions, for credited State
service, for retention and reinstatement of service credits, for
creditable nonstate service and for classes of service;
providing for election to become a Class A-4 member; further
providing for eligibility for annuities and for eligibility for
vesting; providing for shared-risk member contributions for
Class A-3 and Class A-4 service; further providing for waiver of
regular member contributions and Social Security integration
member contributions, for member contributions for purchase of
credit for previous State service or to become a full coverage
member, for contributions for the purchase of credit for
creditable nonstate service, for contributions by the
Commonwealth and other employers, for actuarial cost method, for
maximum single life annuity, for disability annuities and for
member's options; providing for payment of accumulated
deductions resulting from Class A-3 service; further providing
for additional supplemental annuities, for further additional
supplemental annuities, for supplemental annuities commencing
1994, for supplemental annuities commencing 1998, for
supplemental annuities commencing 2002, for supplemental
annuities commencing 2003, for special supplemental
2016/90AJM/SB1071A08206 - 165 -
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
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51