§ 8348.1. Additional supplemental annuities
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 Pa.C.S.A. EducationEffective: July 1, 2011
Effective: July 1, 2011
24 Pa.C.S.A. § 8348.1
§ 8348.1. Additional supplemental annuities
(e) Benefits paid to beneficiaries or survivors.--No supplemental annuity enacted after the death of the member shall be payable to the beneficiary or survivor annuitant of the deceased member. However, when the effective date of the supplement predates the death of the member by virtue of retroactivity of the supplement, payments which were retroactively due the deceased annuitant shall be paid to the beneficiary or designated survivor, as the case may be.
(f) Funding.--The actuary shall annually certify the amount of Commonwealth appropriations for the next fiscal year needed to fund, over a period of ten years from July 1, 2002, the additional monthly supplemental annuity provided for in this section, which amounts shall be paid during the period beginning July 1, 2002, and ending June 30, 2011. For fiscal years beginning on or after July 1, 2011, the additional liability provided in this section shall be funded as part of the actuarial accrued liability as provided in section 8328 (relating to actuarial cost method).
“Eligible benefit recipient.” A person who is receiving a superannuation, withdrawal or disability annuity and who commenced receipt of that annuity on or prior to July 1, 1982, but the supplemental annuities shall not be payable to an annuitant receiving a withdrawal annuity prior to the first day of July coincident with or following the annuitant's attainment of superannuation age.
“Years of credited service.” The number of full years of service as a member to the credit of each benefit recipient, which years of service need not have been continuous.
“Years on retirement.” The number of full years as of July 1, 1983 which have elapsed since the eligible benefit recipient commenced the receipt of an annuity and during which the eligible benefit recipient received an annuity.
Credits
1984, June 29, P.L. 450, No. 95, § 3, imd. effective. Amended 1991, Aug. 5, P.L. 183, No. 23, § 7, imd. effective; 2001, May 17, P.L. 26, No. 9, § 4, effective July 1, 2001; 2010, Nov. 23, P.L. 1269, No. 120, § 5, effective July 1, 2011.
24 Pa.C.S.A. § 8348.1, PA ST 24 Pa.C.S.A. § 8348.1
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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