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Duties of board to report to State Employees' Retirement Board - 24 Pa. Cons. Stat. § 8504Legal Research Home > Pennsylvania Statutes
§ 8504. Duties of board to report to State Employees'
Retirement Board.
(a) Multiple service membership of school employees.--Upon
receipt of an application for membership in the system of a
school employee who is a former State employee and who has
elected multiple service membership, the board shall advise the
State Employees' Retirement Board accordingly.
(b) Multiple service membership of State employees.--Upon
receipt of notification from the State Employees' Retirement
Board that a former school employee has become an active member
in the State Employees' Retirement System and has elected to
receive credit for multiple service, the board shall certify to
the State Employees' Retirement Board and concurrently to the
member:
(1) The total credited service in the system and the
number of years and fractional part of a year of service
credited in each class of service.
(2) The annual compensation received each school year by
the member for credited school service.
(3) The amount of the deductions and the period over
which they are to be made if the member has elected payroll
deductions pursuant to section 8323 (relating to member
contributions for creditable school service) or 8324
(relating to contributions for purchase of credit for
creditable nonschool service).
(c) Applications for benefits for State employees.--Upon
receipt of notification and the required data from the State
Employees' Retirement Board that a former school employee who
elected multiple service has applied for a State employee's
retirement benefit or, in the event of his death, his legally
constituted representative has applied for such benefit, the
board shall:
(1) Certify to the State Employees' Retirement Board:
(i) The salary history as a member of the Public
School Employees' Retirement System and the final average
salary as calculated on the basis of the compensation
received as a State and school employee.
(ii) The annuity or benefit which the member or his
beneficiary is entitled to receive under this part and
modified according to the option selected.
(2) Transfer to the State Employees' Retirement Fund the
accumulated deductions standing to such member's credit and
the actuarial reserve required on account of the member's
years of credited service in the school system and his final
average salary determined on the basis of his compensation in
both systems.
(May 17, 2001, P.L.26, No.9, eff. July 1, 2001)
2001 Amendment. Act 9 amended subsec. (b).
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Last modified: November 27, 2007 |