2010 Pennsylvania Code
Title 24 - EDUCATION
Chapter 85 - Administration and Miscellaneous Provisions
8535 - Payments to school entities by Commonwealth.

     § 8535.  Payments to school entities by Commonwealth.
        For each school year beginning with the 1995-1996 school
     year, each school entity shall be paid by the Commonwealth for
     contributions based upon school service of active members of the
     system after June 30, 1995, as follows:
            (1)  The Commonwealth shall pay each school entity for
        contributions made to the Public School Employees' Retirement
        Fund based upon school service of all active members,
        including members on activated military service leave, whose
        effective dates of employment with their school entities are
        after June 30, 1994, and who also had not previously been
        employed by any school entity within this Commonwealth an
        amount equal to the amount certified by the Public School
        Employees' Retirement Board as necessary to provide, together
        with the members' contributions, reserves on account of
        prospective annuities, supplemental annuities and the premium
        assistance program as provided in this part in accordance
        with section 8328 (relating to actuarial cost method),
        multiplied by the market value/income aid ratio of the school
        entity. For no school year shall any school entity receive
        less than the amount that would result if the market
        value/income aid ratio as defined in section 2501(14.1) of
        the Public School Code of 1949 was 0.50.
            (2)  The Commonwealth shall pay each school entity for
        contributions made to the Public School Employees' Retirement
        Fund based upon school service of all active members,
        including members on activated military service leave, who
        are not described in paragraph (1), one-half of the amount
        certified by the Public School Employees' Retirement Board as
        necessary to provide, together with the members'
        contributions, reserves on account of prospective annuities,
        supplemental annuities and the premium assistance program as
        provided in this part in accordance with section 8328.
            (3)  School entities shall have up to five days after
        receipt of the Commonwealth's portion of the employer's
        liability to make payment to the Public School Employees'
        Retirement Fund.
     (Apr. 29, 1994, P.L.159, No.29, eff. July 1, 1995)

        1994 Amendment.  Act 29 added section 8535. See section 18 of
     Act 29 in the appendix to this title for special provisions
     relating to applicability to 1995-1996 and succeeding school
     years.
        Cross References.  Section 8535 is referred to in section
     8348.5 of this title.