§ 8348. Supplemental annuities
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 Pa.C.S.A. Education
24 Pa.C.S.A. § 8348
§ 8348. Supplemental annuities
(a) General rule.--Every annuitant who is in receipt of a superannuation, withdrawal or disability annuity, shall continue to receive such annuity and beginning July 1, 1979, any annuitant who retired on or prior to July 1, 1978, shall receive a cost-of-living supplement determined as a percentage applied to the retirement annuity as of June 30, 1979. Such cost-of-living supplement shall be payable under the same terms and conditions as provided under the option plan in effect as of June 30, 1979.
Effective date of retirement | Percentage factor |
After July 1, 1977 through July 1, 1978 | 5% |
After July 1, 1976 through July 1, 1977 | 10% |
After July 1, 1975 through July 1, 1976 | 13% |
After July 1, 1974 through July 1, 1975 | 20% |
After July 1, 1973 through July 1, 1974 | 27% |
On or prior to July 1, 1973 | 31% |
(e) Supplement enacted after death of member.--No supplement enacted after the death of the member shall be payable to the beneficiary or survivor annuitant of such deceased former school employee, except when the effective date of the supplement shall predate the death of the member by virtue of retroactivity of the supplement.
Credits
1975, Oct. 2, P.L. 298, No. 96, § 1, imd. effective. Amended 1979, Dec. 18, P.L. 566, No. 130, § 1, imd. effective; 1981, July 12, P.L. 261, No. 87, § 1, retroactive effective July 1, 1979.
24 Pa.C.S.A. § 8348, PA ST 24 Pa.C.S.A. § 8348
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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