2010 Pennsylvania Code
Title 24 - EDUCATION
Chapter 83 - Membership, Contributions and Benefits
8348.3 - Supplemental annuities commencing 1994.

     § 8348.3.  Supplemental annuities commencing 1994.
        (a)  Benefits.--Commencing with the first monthly annuity
     payment after July 1, 1994, any eligible benefit recipient shall
     be entitled to receive a further additional monthly supplemental
     annuity from the system. This shall be in addition to the
     supplemental annuities provided for in sections 8348 (relating
     to supplemental annuities), 8348.1 (relating to additional
     supplemental annuities) and 8348.2 (relating to further
     additional supplemental annuities).
        (b)  Amount of additional supplemental annuity.--The amount
     of the additional monthly supplemental annuity shall be
     determined on the basis of the most recent effective date of
     retirement and payable on the first $3,000 of annuity received
     per month, as follows:
              Most recent effective              Percentage factor
                date of retirement
        July 1, 1991, through June 30, 1992           1.5%
        July 1, 1990, through June 30, 1991           2.8%
        July 1, 1989, through June 30, 1990           5.3%
        On or prior to June 30, 1989                  7.9%
     In addition to the supplemental annuity payable as a result of
     the percentage factors as set forth in this subsection, there
     shall be a monthly longevity supplemental annuity payable as
     follows:
            (1)  For those individuals whose most recent effective
        date of retirement is on or after July 1, 1969, and on or
        before July 1, 1984, and who have 20 or more eligibility
        points, the monthly longevity supplemental annuity shall be
        equal to 0.25% of the first $3,000 of annuity received per
        month multiplied by the number of years on retirement.
            (2)  For those individuals whose most recent effective
        date of retirement is on or before June 30, 1969, and who
        have 20 or more eligibility points, the monthly longevity
        supplemental annuity shall be equal to 0.25% of the first
        $3,000 of annuity received per month multiplied by the number
        of years on retirement between July 1, 1969, and July 1,
        1989, plus 0.50% of the first $3,000 of annuity received per
        month multiplied by the years on retirement on or before June
        30, 1969.
        (c)  Payment.--The additional monthly supplemental annuity
     provided under this section shall be paid automatically unless
     the intended recipient files a written notice with the system
     requesting that the additional monthly supplemental annuity not
     be paid.
        (d)  Conditions.--The additional supplemental annuity
     provided under this section shall be payable under the same
     terms and conditions as provided under the option plan in effect
     June 30, 1994.
        (e)  Benefits paid to beneficiaries or survivors.--No
     supplemental annuity effective after the death of the member
     shall be payable to the beneficiary or survivor annuitant of the
     deceased member.
        (f)  Funding.--The additional liability for the increase in
     benefits provided in this section shall be funded in equal
     dollar annual installments over a period of ten years beginning
     July 1, 2002.
        (g)  Definitions.--As used in this section, the following
     words and phrases shall have the meanings given to them in this
     subsection:
        "Eligible benefit recipient."  A person who is receiving a
     superannuation, withdrawal or disability annuity and who
     commenced receipt of that annuity on or prior to June 30, 1992,
     but the supplemental annuities shall not be payable to an
     annuitant receiving a withdrawal annuity prior to the first day
     of July coincident with or following the annuitant's attainment
     of superannuation age. Notwithstanding the preceding, the term
     "eligible benefit recipient" shall not include those annuitants
     who were and currently are credited with an additional 10% of
     their credited service under section 8302(b.2) (relating to
     credited school service).
        "Years on retirement."  The number of full years as of July
     1, 1989, which have elapsed since the eligible benefit recipient
     most recently commenced the receipt of an annuity and during
     which the eligible benefit recipient received an annuity.
     (Apr. 29, 1994, P.L.159, No.29, eff. 60 days; May 17, 2001,
     P.L.26, No.9, eff. July 1, 2001)

        2001 Amendment.  Act 9 amended subsec. (f).
        1994 Amendment.  Act 29 added section 8348.3.
        Cross References.  Section 8348.3 is referred to in sections
     8328, 8348.5, 8348.6, 8348.7, 8525 of this title.