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Eligibility for special early retirement - 24 Pa. Cons. Stat. § 8312Legal Research Home > Pennsylvania Statutes Sponsored Links
§ 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 calculated6ed pursuant to section 8342 without any
reduction by virtue of an effective date of retirement which
is under the superannuation age.
(June 29, 1984, P.L.450, No.95, eff. imd.; July 8, 1986,
P.L.435, No.91, eff. imd.; July 13, 1987, P.L.354, No.69, eff.
imd.; Oct. 21, 1988, P.L.844, No.112, eff. Jan. 1, 1989; Aug. 5,
1991, P.L.183, No.23, eff. imd.; Apr. 29, 1994, P.L.159, No.29,
eff. imd.)
1994 Amendment. Section 21 of Act 29 provided that the
amendment of section 8312 shall be retroactive to July 1, 1993.
See section 19 of Act 29 in the appendix to this title for
special provisions relating to liability for additional
benefits.
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Last modified: November 27, 2007 |