2010 Pennsylvania Code
Title 24 - EDUCATION
Chapter 83 - Membership, Contributions and Benefits
8348.5 - Supplemental annuities commencing 1998.

     § 8348.5.  Supplemental annuities commencing 1998.
        (a)  Benefits.--Commencing with the first monthly annuity
     payment after July 1, 1998, 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), 8348.2 (relating to further additional
     supplemental annuities), 8348.3 (relating to supplemental
     annuities commencing 1994) and 8348.4 (relating to special
     supplemental postretirement adjustment).
        (b)  Amount of supplemental annuity.--The amount of the
     supplemental annuity payable pursuant to this section shall be a
     percentage of the amount of the monthly annuity payment on July
     1, 1998, determined on the basis of the most recent effective
     date of retirement, as follows:
        Most recent effective date             Percentage factor
            of retirement
        July 1, 1996, through June 30, 1997          1.86%
        July 1, 1995, through June 30, 1996          3.59%
        July 1, 1994, through June 30, 1995          4.95%
        July 1, 1993, through June 30, 1994          6.42%
        July 1, 1992, through June 30, 1993          7.97%
        July 1, 1979, through June 30, 1992         10%
        July 1, 1969, through June 30, 1979         20%
        On or prior to June 30, 1969                25%
        (c)  Payment.--The supplemental annuity provided under this
     section shall be paid automatically unless the annuitant files a
     written notice with the board requesting that the additional
     monthly supplemental annuity not be paid.
        (d)  Conditions.--The supplemental annuity provided under
     this section shall be payable under the same terms and
     conditions as provided under the option plan in effect as of
     July 1, 1998.
        (e)  Benefits to beneficiaries or survivors.--No supplemental
     annuity provided under this section shall be payable to the
     beneficiary or survivor annuitant of a member who dies before
     July 1, 1998.
        (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. Notwithstanding the provisions of section 212 of
     the act of April 22, 1998 (P.L.1341, No.6A), known as the
     General Appropriation Act of 1998, regarding payment for cost-
     of-living increases for annuitants, payments for cost-of-living
     increases for annuitants shall be made under section 8535
     (relating to payments to school entities by Commonwealth).
        (g)  Eligible benefit recipient.--As used in this section,
     the term "eligible benefit recipient" means a person who is
     receiving a superannuation, withdrawal or disability annuity on
     July 1, 1998, and whose most recent effective date of retirement
     is prior to July 1, 1997, but the supplemental annuities
     provided under this section 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.
     (June 18, 1998, P.L.685, No.88, eff. imd.; May 17, 2001, P.L.26,
     No.9, eff. July 1, 2001)

        2001 Amendment.  Act 9 amended subsec. (f).
        1998 Amendment.  Act 88 added section 8348.5.
        Cross References.  Section 8348.5 is referred to in sections
     8328, 8348.6, 8348.7, 8525 of this title.