Bill Text: PA HB1556 | 2009-2010 | Regular Session | Introduced

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Bill Title: Providing for supplemental annuity commencing 2009.

Spectrum: Moderate Partisan Bill (Democrat 22-7)

Status: (Introduced - Dead) 2009-05-29 - Referred to FINANCE [HB1556 Detail]

Download: Pennsylvania-2009-HB1556-Introduced.html

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PRINTER'S NO. 1931
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1556 Session of2009
INTRODUCED BY GIBBONS, GRUCELA, McILVAINE SMITH, BELFANTI, BENNINGHOFF, BEYER, BRENNAN, BROOKS, CONKLIN, FABRIZIO, GEIST, GERGELY, GOODMAN, HARKINS, HORNAMAN, HOUGHTON, HUTCHINSON, JOSEPHS, KULA, LONGIETTI, M. O'BRIEN, PETRARCA, READSHAW, SAINATO, SCAVELLO, SHAPIRO, SIPTROTH AND YOUNGBLOOD, MAY 29, 2009
REFERRED TO COMMITTEE ON FINANCE, MAY 29, 2009
AN ACT
Amending Titles 24 (Education) and 71 (State Government) of the
Pennsylvania Consolidated Statutes, providing for
supplemental annuity commencing 2009.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Title 24 of the Pennsylvania Consolidated
Statutes is amended by adding a section to read:
§ 8348.8. Supplemental annuity commencing 2009.
(a) Benefits.--Commencing with the first monthly annuity
payment after July 1, 2009, any eligible benefit recipient shall
be entitled to receive an additional monthly supplemental
annuity from the system that shall be paid over a five-year
period in accordance with this section. 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), 8348.4 (relating to
special supplemental postretirement adjustment), 8348.5
(relating to supplemental annuities commencing 1998), 8348.6
(relating to supplemental annuities commencing 2002) and 8348.7
(relating to supplemental annuities commencing 2003).
(b) Amount of additional supplemental annuity.--The amount
of the supplemental annuity payable from July 1, 2009, through
June 30, 2010, pursuant to this section shall be a percentage of
the amount of the monthly annuity payment on July 1, 2009,
determined on the basis of the most recent effective date of
retirement as follows:
Most recent effectivedate of retirement Percentage factor
July 2, 2000, through July 1, 2001 20.0%
July 2, 1999, through July 1, 2000 24.0%
July 2, 1998, through July 1, 1999 28.0%
July 2, 1997, through July 1, 1998 32.0%
July 2, 1996, through July 1, 1997 36.0%
July 2, 1995, through July 1, 1996 40.0%
July 2, 1994, through July 1, 1995 44.0%
July 2, 1993, through July 1, 1994 48.0%
July 2, 1992, through July 1, 1993 52.0%
July 2, 1991, through July 1, 1992 56.0%
July 2, 1990, through July 1, 1991 60.0%
July 2, 1989, through July 1, 1990 64.0%
July 2, 1988, through July 1, 1989 68.0%
July 2, 1987, through July 1, 1988 72.0%
July 2, 1986, through July 1, 1987 76.0%
July 2, 1985, through July 1, 1986 80.0%
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July 2, 1984, through July 1, 1985 84.0%
July 2, 1983, through July 1, 1984 88.0%
July 2, 1982, through July 1, 1983 92.0%
July 2, 1981, through July 1, 1982 96.0%
Prior to July 2, 1981 100.0%
(c) Payment.--The supplemental annuity provided under this
section shall be paid automatically over a five-year period at
20% of the supplemental annuity amount each year 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, 2009.
(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, 2009.
(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, 2009.
(g) Eligible benefit recipient.--As used in this section,
the term "eligible benefit recipient" means a person:
(1) who is receiving a superannuation, withdrawal or
disability annuity on July 1, 2009;
(2) whose most recent effective date of retirement is
prior to July 1, 2001; and
(3) whose credited service does not include any service
credited as either Class T-D, Class D-4 or Class AA service.
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Notwithstanding the above, 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.
Section 2. Title 71 is amended by adding a section to read:
§ 5708.9. Supplemental annuity commencing 2009.
(a) Benefits.--Commencing with the first monthly annuity
payment after July 1, 2009, any eligible benefit recipient shall
be entitled to receive an additional monthly supplemental
annuity from the system that shall be paid over a five-year
period in accordance with this section. This shall be in
addition to the supplemental annuities provided for in sections
5708 (relating to supplemental annuities), 5708.1 (relating to
additional supplemental annuities), 5708.2 (relating to further
additional supplemental annuities), 5708.3 (relating to
supplemental annuities commencing 1994), 5708.4 (relating to
special supplemental postretirement adjustment), 5708.5
(relating to supplemental annuities commencing 1998), 5708.6
(relating to supplemental annuities commencing 2002) and 5708.7
(relating to supplemental annuities commencing 2003).
(b) Amount of additional supplemental annuity.--The amount
of the supplemental annuity payable from July 1, 2009, through
June 30, 2010, pursuant to this section shall be a percentage of
the amount of the monthly annuity payment on July 1, 2009,
determined on the basis of the most recent effective date of
retirement as follows:
Most recent effectivedate of retirement Percentage factor
July 2, 2000, through July 1, 2001 20.0%
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July 2, 1999, through July 1, 2000 24.0%
July 2, 1998, through July 1, 1999 28.0%
July 2, 1997, through July 1, 1998 32.0%
July 2, 1996, through July 1, 1997 36.0%
July 2, 1995, through July 1, 1996 40.0%
July 2, 1994, through July 1, 1995 44.0%
July 2, 1993, through July 1, 1994 48.0%
July 2, 1992, through July 1, 1993 52.0%
July 2, 1991, through July 1, 1992 56.0%
July 2, 1990, through July 1, 1991 60.0%
July 2, 1989, through July 1, 1990 64.0%
July 2, 1988, through July 1, 1989 68.0%
July 2, 1987, through July 1, 1988 72.0%
July 2, 1986, through July 1, 1987 76.0%
July 2, 1985, through July 1, 1986 80.0%
July 2, 1984, through July 1, 1985 84.0%
July 2, 1983, through July 1, 1984 88.0%
July 2, 1982, through July 1, 1983 92.0%
July 2, 1981, through July 1, 1982 96.0%
Prior to July 2, 1981 100.0%
(c) Payment.--The supplemental annuity provided under this
section shall be paid automatically over a five-year period at
20% of the supplemental annuity amount each year 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, 2009.
(e) Benefits to beneficiaries or survivors.--No supplemental
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annuity provided under this section shall be payable to the
beneficiary or survivor annuitant of a member who dies before
July 1, 2009.
(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, 2009.
(g) Eligible benefit recipient.--As used in this section,
the term "eligible benefit recipient" means a person:
(1) who is receiving a superannuation, withdrawal or
disability annuity on July 1, 2009;
(2) whose most recent effective date of retirement is
prior to July 1, 2001; and
(3) whose credited service does not include any service
credited as either Class T-D, Class D-4 or Class AA service.
Notwithstanding the above, 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.
Section 3. This act shall take effect immediately.
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