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Benefits completion plan - 71 Pa. Cons. Stat. § 5941

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     § 5941.  Benefits completion plan.
        Notwithstanding any other law to the contrary, the board
     shall establish and serve as trustee of a retirement benefit
     plan within the meaning of, in conformity with and then only to
     the extent and so long as permitted by IRC § 415(m) for the
     purpose of providing such retirement benefits as would otherwise
     have been payable under this part to annuitants of the system on
     or after July 2, 2001, but for the application of the
     limitations on benefits of IRC § 415. The board may, in its sole
     discretion and within the limits of IRC § 415(m) and this
     section, determine all terms and provisions of the plan,
     including, but not limited to, the cost of and procedures for
     funding the plan as provided in this section. The Commonwealth
     and other employers whose employees are members of the system
     shall make contributions to the plan on behalf of all members in
     such amounts as shall be certified by the board.
     (Dec. 30, 2002, P.L.2082, No.234, eff. imd.)

        2002 Amendment.  Act 234 added section 5941. See section 6 of
     Act 234 in the appendix to this title for special provisions
     relating to payments under benefits completion plan.

Last modified: November 27, 2007