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Duties of board to advise and report to employers and members - 24 Pa. Cons. Stat. § 8503Legal Research Home > Pennsylvania Statutes
§ 8503. Duties of board to advise and report to employers and
members.
(a) Manual of regulations.--The board shall, with the advice
of the Attorney General and the actuary, prepare, within 90 days
of the effective date of this part, a manual incorporating rules
and regulations consistent with the provisions of this part for
the employers who shall make information contained therein
available to the general membership. The board shall thereafter
advise the employers within 90 days of any changes in such rules
and regulations due to changes in the law or due to changes in
administrative policies. As soon as practicable after the
commissioner's publication with respect thereto, the board shall
also advise the employers as to any cost-of-living adjustment
for the succeeding calendar year in the amount of the limitation
under IRC § 401(a)(17) and the dollar amounts of the limitations
under IRC § 415(b).
(b) Member status statements.--The board shall furnish
annually on or before December 31, a statement to each member
showing the accumulated deductions standing to the credit of the
member and the number of years and fractional part of a year of
service credited in each class of service as of June 30 of that
year. Each member's statement shall be mailed to his home
address and shall include a request that the member make any
necessary corrections or revisions regarding his designated
beneficiary, whose name at the request of the member shall
remain confidential and not appear on this statement.
(c) Purchase of credit for previous service.--Upon receipt
of an application from an active member or a State employee with
multiple service credit to purchase credit for previous school
or creditable nonschool service, the board shall determine and
certify to the member the amount required to be paid by the
member. When necessary, the board shall certify to the proper
employer the amount which would have been paid together with
statutory interest into the State accumulation account had such
employee been an active member in the system during said period.
(d) Purchase of Class T-C credit or full coverage.--Upon
receipt of an application from a member of Class T-A or Class T-
B to become a member of Class T-C or an active joint coverage
member who elects to become a full coverage member, the board
shall determine and certify to the member the amount required to
be paid by the member, the effective date of the transfer, and
the prospective rate for regular member contributions.
(Dec. 20, 1995, P.L.689, No.77, eff. July 1, 1996; May 17, 2001,
P.L.26, No.9, eff. imd.)
2001 Amendment. Act 9 amended subsec. (a). See section 27(a)
of Act 9 in the appendix to this title for special provisions
relating to statements or estimates of benefits.
Transfer of Functions. The powers and duties of the Attorney
General and the Department of Justice contained in section 8503
were transferred to the Office of General Counsel by section 502
of the act of October 15, 1980 (P.L.950, No.164), known as the
Commonwealth Attorneys Act, effective January 20, 1981.
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Last modified: November 27, 2007 |