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State Police benefit account - 71 Pa. Cons. Stat. § 5936

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     § 5936.  State Police benefit account.
        (a)  Credits and charges to account.--The State Police
     benefit account shall be the ledger account to which shall be
     credited all contributions received under the provisions of the
     act of May 12, 1943 (P.L.259, No. 120), and any additional
     Commonwealth or other employer contributions provided for in
     section 5507 (relating to contributions by the Commonwealth and
     other employers) which are creditable to the State Police
     benefit account. The State Police benefit account shall be
     credited with the required interest. In addition, upon the
     filing of an application for an annuity by a member who is an
     officer of the Pennsylvania State Police, the total accumulated
     deductions standing to the credit of the member in the members'
     savings account and the necessary reserves from the State
     accumulation account shall be transferred to the State Police
     benefit account. Thereafter, the total annuity of such annuitant
     shall be charged to the State Police benefit account and paid
     from the fund.
        (b)  Transfers from account.--Should the said annuitant be
     subsequently restored to active service, the present value of
     the member's annuity at the time of reentry into State service
     shall be transferred from the State Police benefit account and
     placed to his individual credit in the members' savings account.
     In addition, the actuarial reserve for his annuity calculated as
     if he had been a member of Class A less the amount transferred
     to the members' savings account shall be transferred from the
     State Police benefit account to the State accumulation account.
     Upon subsequent retirement other than as an officer of the
     Pennsylvania State Police the actuarial reserve remaining in the
     State Police benefit account shall be transferred to the
     appropriate reserve account.

        Cross References.  Section 5936 is referred to in sections
     5932, 5933, 5934 of this title.

Last modified: November 27, 2007