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Contributions by the Commonwealth and other employers - 71 Pa. Cons. Stat. § 5507

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     § 5507.  Contributions by the Commonwealth and other employers.
        (a)  Contributions on behalf of active members.--The
     Commonwealth and other employers whose employees are members of
     the system shall make contributions to the fund on behalf of all
     active members in such amounts as shall be certified by the
     board as necessary to provide, together with the members' total
     accumulated deductions, annuity reserves on account of
     prospective annuities other than those provided in section 5708
     (relating to supplemental annuities) in accordance with the
     actuarial cost method provided in section 5508(a), (b), (c), (d)
     and (f) (relating to actuarial cost method).
        (b)  Contributions on behalf of annuitants.--The Commonwealth
     shall make contributions on behalf of annuitants in such amounts
     as shall be certified by the board as necessary to fund the
     liabilities for supplemental annuities in accordance with the
     actuarial cost method provided in section 5508(e) (relating to
     actuarial cost method).
        (c)  Contributions transferred by county retirement
     systems.--
            (1)  Each county retirement system or pension plan which
        is notified by certification from the board that a former
        contributor who was transferred to State employment pursuant
        to 42 Pa.C.S. § 1905 (relating to county-level court
        administrators) has elected to convert county service to
        State service in accordance with section 5303.1 (relating to
        election to convert county service to State service) shall
        transfer to the board an amount equal to the actuarial
        liability for the additional benefits that result in the
        system as a result of the conversion as certified by the
        board. This amount shall be calculated in such a manner and
        using such actuarial factors and assumptions as the board,
        after obtaining the advice of its actuary, shall determine
        and shall be calculated by determining the present value of
        the future benefits for the former county contributors and
        subtracting from that present value the present value of
        future employee contributions and future employer normal cost
        contributions.
            (2)  The transfer shall occur no later than 180 days
        after the certification by the board of the actuarial
        liability for the additional benefits or 30 days following
        the date of termination of service if the member terminates
        State service after making the election to convert service,
        whichever occurs first.
            (3)  If any county retirement system or pension plan
        fails to transfer, within the required time, the money
        certified by the board under this subsection, then the
        service of such members for the period of converted service
        shall be credited, and the board shall notify the county
        which employed the employee who is converting the county
        service and the State Treasurer of the amount due. The State
        Treasurer shall withhold out of any grants, subsidies or
        other payments from the State General Fund appropriation or
        appropriations next due such county an amount equal to the
        amount which the county retirement system or pension plan
        failed to pay and shall pay the amount so withheld to the
        board for the payment of the amount due from that county's
        retirement system or pension plan for the converted service.
     (Aug. 5, 1991, P.L.183, No.23, eff. imd.; June 18, 1998,
     P.L.685, No.88, eff. imd.; June 22, 1999, P.L.75, No.12, eff.
     imd.; May 17, 2001, P.L.26, No.9, eff. July 1, 2002)

        2001 Amendment.  Act 9 amended subsec. (b).
        1999 Amendment.  Act 12 added subsec. (c). See sections 26
     and 29 of Act 12 in the appendix to this title for special
     provisions relating to Federal, State and local tax laws and
     calculation of contributions.
        1991 Amendment.  Act 23 amended subsec. (a).
        Cross References.  Section 5507 is referred to in sections
     5102, 5302, 5508, 5934, 5936, 5937, 5938 of this title.

Last modified: November 27, 2007