Court Opinions

State Laws

US Code

US Constitution

Member contributions for the purchase of credit for previous State service or to become a full coverage member - 71 Pa. Cons. Stat. § 5504

Legal Research Home > Pennsylvania Statutes

     § 5504.  Member contributions for the purchase of credit for
                previous State service or to become a full coverage
                member.
        (a)  Amount of contributions for service in other than Class
     G through N.--The contributions to be paid by an active member
     or eligible school employee for credit for total previous State
     service other than service in Class G, Class H, Class I, Class
     J, Class K, Class L, Class M and Class N or to become a full
     coverage member shall be sufficient to provide an amount equal
     to the regular and additional accumulated deductions which would
     have been standing to the credit of the member for such service
     had regular and additional member contributions been made with
     full coverage in the class of service and at the rate of
     contribution applicable during such period of previous service
     and had his regular and additional accumulated deductions been
     credited with statutory interest during all periods of
     subsequent State and school service up to the date of purchase.
        (a.1)  Converted county service.--No contributions shall be
     required to restore credit for previously credited State service
     in Class G, Class H, Class I, Class J, Class K, Class L, Class M
     and Class N. Such service shall be restored upon the
     commencement of payment of the contributions required to restore
     credit for all other previous State service.
        (b)  Certification and method of payment.--The amount payable
     shall be certified in each case by the board in accordance with
     methods approved by the actuary and shall be paid in a lump sum
     within 30 days or in the case of an active member or eligible
     school employee who is an active member of the Public School
     Employees' Retirement System may be amortized with statutory
     interest through salary deductions in amounts agreed upon by the
     member and the board. The salary deduction amortization plans
     agreed to by members and the board may include a deferral of
     payment amounts and statutory interest until the termination of
     school service or State service as the board in its sole
     discretion decides to allow. The board may limit the salary
     deduction amortization plans to such terms as the board in its
     sole discretion determines. In the case of an eligible school
     employee who is an active member of the Public School Employees'
     Retirement System, the agreed upon salary deductions shall be
     remitted to the Public School Employees' Retirement Board, which
     shall certify and transfer to the board the amounts paid.
     (Oct. 7, 1975, P.L.348, No.101, eff. imd.; Dec. 14, 1982,
     P.L.1249, No.284, eff. imd.; July 22, 1983, P.L.104, No.31, eff.
     imd.; June 22, 1999, P.L.75, No.12, eff. imd.; May 17, 2001,
     P.L.26, No.9, eff. July 1, 2001)

        2001 Amendment.  Act 9 amended subsec. (b).
        1999 Amendment.  Act 12 amended subsec. (a) and added subsec.
     (a.1). See section 26 of Act 12 in the appendix to this title
     for special provisions relating to Federal, State and local tax
     laws.
        1983 Amendment.  See section 10 of Act 31 in the appendix to
     this title for special provisions relating to waiver of
     actuarial note requirement for retirement bills.
        Cross References.  Section 5504 is referred to in sections
     5303, 5306, 5903, 5904, 5933 of this title.

Last modified: November 27, 2007