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State accumulation account - 71 Pa. Cons. Stat. § 5934

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     § 5934.  State accumulation account.
        The State accumulation account shall be the ledger account to
     which shall be credited all contributions of the Commonwealth or
     other employers whose employees are members of the system and
     made in accordance with the provisions of section 5507(a)
     (relating to contributions by the Commonwealth and other
     employers) except that the amounts received under the provisions
     of the act of May 12, 1943 (P.L.259, No.120), and the amounts
     received under the provisions of the Liquor Code, act of April
     12, 1951 (P.L.90, No.21), shall be credited to the State Police
     benefit account or the enforcement officers' benefit account as
     the case may be. All amounts transferred to the fund by county
     retirement systems or pension plans in accordance with the
     provisions of section 5507(c) also shall be credited to the
     State accumulation account. All amounts transferred to the fund
     by the Public School Employees' Retirement System in accordance
     with section 5303.2(e) (relating to election to convert school
     service to State service), except amounts credited to the
     members' savings account, and all amounts paid by the Department
     of Corrections in accordance with section 5303.2(f) also shall
     be credited to the State accumulation account. The State
     accumulation account shall be credited with valuation interest.
     The reserves necessary for the payment of annuities and death
     benefits as approved by the board and as provided in Chapter 57
     (relating to benefits) shall be transferred from the State
     accumulation account to the annuity reserve account provided for
     in section 5935 (relating to annuity reserve account), except
     that the reserves necessary on account of a member who is an
     officer of the Pennsylvania State Police or an enforcement
     officer shall be transferred from the State accumulation account
     to the State Police benefit account provided for in section 5936
     (relating to State Police benefit account) or to the enforcement
     officers' benefit account as provided for in section 5937
     (relating to enforcement officers' benefit account) as the case
     may be.
     (June 22, 1999, P.L.75, No.12, eff. imd.; Apr. 23, 2002,
     P.L.272, No.38, eff. imd.)

        Cross References.  Section 5934 is referred to in sections
     5932, 5935 of this title.

Last modified: November 27, 2007