Home Table of Contents

§ 8329. Payments on account of social security deductions from appropriations

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 Pa.C.S.A. Education

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 Pa.C.S.A. Education
Part IV. Retirement for School Employees (Refs & Annos)
Chapter 83. Membership, Contributions and Benefits
Subchapter B. Contributions
24 Pa.C.S.A. § 8329
§ 8329. Payments on account of social security deductions from appropriations
Currentness
(a) Payments by Commonwealth.--Where the Secretary of Education enters into an agreement with the Commonwealth to place under the Federal Social Security Act members who have elected coverage, the Commonwealth shall pay to the employers one-half of the contributions payable under the employer's tax established by the Social Security Act (Public Law 74-271, 42 U.S.C. § 301 et seq.) on all covered wages which are not federally funded, except that after June 30, 1995, the Commonwealth shall pay to an employer that is a school entity an amount as follows:
(1) For all employees whose effective dates of employment with their employing school entities are after June 30, 1994, and who also had not previously been employed by any school entity within this Commonwealth, the Commonwealth shall pay each school entity an amount equal to the total contributions payable under the employer's tax established by the Social Security Act on all covered wages which are not federally funded, multiplied by the market value/income aid ratio of the school entity. For no school year shall any school entity receive less than the amount that would result if the market value/income aid ratio as defined in section 2501(14.1) of the Public School Code of 1949 was 0.50.
(2) For all employees who are not described in paragraph (1), the Commonwealth shall pay each school entity one-half of the contributions payable under the employer's tax established by the Social Security Act on all covered wages which are not federally funded.
(b) Deduction from appropriations.--The Secretary of Education and the State Treasurer are hereby authorized to cause to be deducted and paid into or retained in the State Treasury from any moneys due to any employer on account of appropriations for schools or other purposes the amounts payable under the provisions of this section.

Credits

1975, Oct. 2, P.L. 298, No. 96, § 1, imd. effective. Amended 1987, July 13, P.L. 354, No. 69, § 2, retroactive effective July 1, 1987; 1994, April 29, P.L. 159, No. 29, § 4, effective July 1, 1995.
24 Pa.C.S.A. § 8329, PA ST 24 Pa.C.S.A. § 8329
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document