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Incomplete payments - 24 Pa. Cons. Stat. § 8325

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     § 8325.  Incomplete payments.
        In the event that a member terminates school service or a
     multiple service member who is an active member of the State
     Employees' Retirement System terminates State service before any
     agreed upon payments or return of benefits on account of
     returning to school service or entering State service and
     electing multiple service have been completed, the member or
     multiple service member who is an active member of the State
     Employees' Retirement System shall have the right to pay within
     30 days of termination of school service or State service the
     balance due, including interest, in a lump sum, and the annuity
     shall be calculated including full credit for the previous
     school service, creditable nonschool service, or full-coverage
     membership. In the event a member does not pay the balance due
     within 30 days of termination of school service or in the event
     a member dies in school service or within 30 days of termination
     of school service or in the case of a multiple service member
     who is an active member of the State Employees' Retirement
     System does not pay the balance due within 30 days of
     termination of State service or dies in State service or within
     30 days of termination of State service and before the agreed
     upon payments have been completed, the present value of the
     benefit otherwise payable shall be reduced by the balance due,
     including interest, and the benefit payable shall be calculated
     as the actuarial equivalent of such reduced present value.
     (May 17, 2001, P.L.26, No.9, eff. July 1, 2001)

        Cross References.  Section 8325 is referred to in section
     8507 of this title.

Last modified: November 27, 2007