§ 8312. Eligibility for special early retirement
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 Pa.C.S.A. Education
24 Pa.C.S.A. § 8312
§ 8312. Eligibility for special early retirement
Notwithstanding any provisions of this title to the contrary, for the period only of July 1, 1985, to July 1, 1997, the following special early retirement provisions shall be applicable to specified eligible members as follows:
(1) During the period of July 1, 1985 to June 30, 1986, any member who has attained the age of at least 53 years and has credit for at least 30 eligibility points shall be entitled, upon termination of service and filing of a proper application, to receive a maximum single life annuity calculated pursuant to section 8342 (relating to maximum single life annuity) without any reduction by virtue of an effective date of retirement which is under the superannuation age.
(2) During the period of July 1, 1985 to June 30, 1986, any member who has attained the age of at least 50 years but not greater than 53 years and has credit for at least 30 eligibility points shall be entitled, upon termination of service and filing of a proper application, to receive a maximum single life annuity calculated pursuant to section 8342 with a reduction by virtue of an effective date of retirement which is under the superannuation age of a percentage determined by multiplying the number of months, including a fraction of a month as a full month, by which the effective date of retirement precedes the attainment of age 53 by 0.25%.
(3) During the period of July 1, 1987, to June 30, 1993, a member who has credit for at least 30 eligibility points shall be entitled, upon termination of service and filing of a proper application, to receive a maximum single life annuity calculated pursuant to section 8342 without any reduction by virtue of an effective date of retirement which is under the superannuation age.
(4) During the period of July 1, 1993, to July 1, 1997, a member who has credit for at least 30 eligibility points shall be entitled, upon termination of service and filing of a proper application, to receive a maximum single life annuity calculated pursuant to section 8342 without any reduction by virtue of an effective date of retirement which is under the superannuation age.
Credits
1984, June 29, P.L. 450, No. 95, § 1, imd. effective. Amended 1986, July 8, P.L. 435, No. 91, § 1, retroactive effective July 1, 1986; 1987, July 13, P.L. 354, No. 69, § 1, retroactive effective July 1, 1987; 1988, Oct. 21, P.L. 844, No. 112, § 1, imd. effective; 1991, Aug. 5, P.L. 183, No. 23, § 2, imd. effective; 1994, April 29, P.L. 159, No. 29, § 2, retroactive effective July 1, 1993.
24 Pa.C.S.A. § 8312, PA ST 24 Pa.C.S.A. § 8312
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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