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Contributions by the Commonwealth - 24 Pa. Cons. Stat. § 8326Legal Research Home > Pennsylvania Statutes
§ 8326. Contributions by the Commonwealth.
(a) Contributions on behalf of active members.--The
Commonwealth shall make contributions into the fund on behalf of
all active members, including members on activated military
service leave, in an amount equal to one-half the amount
certified by the board as necessary to provide, together with
the members' contributions, annuity reserves on account of
prospective annuities as provided in this part in accordance
with section 8328(a), (b), (c) and (e) (relating to actuarial
cost method). In case a school employee has elected membership
in a retirement program approved by the employer, the
Commonwealth shall contribute to such program on account of his
membership an amount no greater than the amount it would have
contributed had the employee been a member of the Public School
Employees' Retirement System.
(b) Contributions on behalf of annuitants.--The Commonwealth
shall make contributions on behalf of all annuitants in an
amount equal to one-half of the amount certified by the board as
necessary to fund the additional liabilities for minimum and
supplemental annuities in accordance with section 8328(d). The
Commonwealth shall make contributions to be deposited into the
health insurance account on behalf of all eligible annuitants in
an amount equal to one-half of the amount certified by the board
as necessary to fund the premium assistance program in
accordance with section 8509 (relating to health insurance
premium assistance program).
(c) Contributions after June 30, 1995.--
(1) The Commonwealth shall make contributions into the
fund on behalf of all active members, including members on
activated military service leave, for service performed after
June 30, 1995, in the following manner:
(i) For members who are employees of employers that
are school entities, no Commonwealth contributions shall
be made.
(ii) For members who are employees of employers that
are not school entities, the amount computed under
subsection (a).
(2) The Commonwealth shall make contributions into the
fund on behalf of annuitants for all amounts due to the fund
after June 30, 1995, including, but not limited to, amounts
due pursuant to section 8328(d) and (f), in the following
manner:
(i) For members who are employees of employers who
are school entities, no Commonwealth contributions shall
be made.
(ii) For members who are employees of employers who
are not school entities, the amount computed under
subsection (b).
(Aug. 5, 1991, P.L.183, No.23, eff. imd.; Apr. 29, 1994,
P.L.159, No.29, eff. July 1, 1995)
1994 Amendment. Act 29 added subsec. (c). See section 18 of
Act 29 in the appendix to this title for special provisions
relating to applicability to 1995-1996 and succeeding school
years.
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Last modified: November 27, 2007 |