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Key Votes

Pennsylvania Key Votes

HB 2497 - Retirement Law Amendments - Key Vote

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Legislation - Signed (Executive) - Nov. 23, 2010

Title: Retirement Law Amendments

Legislation - Concurrence Vote Passed (House) - Nov. 15, 2010 (Key vote)

Title: Retirement Law Amendments

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that amends the pension benefits of state and school employees hired after January 1, 2011.

Highlight: -Describes the annuity percentage for certain classes of service including, but not limited to, (Sec. 1):

    -The annuity percentage of Class T-E is 2 percent of the final salary multiplied by the number of years of service; -That the annuity percentage of Class T-F is 2.5 percent of the final salary multiplied by the number of years of service; and -The age of retirement for Class T-E and T-F is 65 with 3 eligibility points or any age with 35 eligibility points.
-Establishes Class T-E membership as a person who becomes a school employee or a state employee with a State Employee's Retirement System membership (Sec. 3). -Specifies that contributions from the commonwealth will be paid as the accrued liability contribution rate (Sec. 5). -Establishes that the collared contribution rate will be determined by comparing the normal contribution rate without regard to the costs added on by legislation, to the prior year's final contribution rate (Sec. 5). -Establishes that beginning July 1, 2011, any additional liability will be funded as the actuarial accrued liability (Sec. 5). -Authorizes that if a person from Class A-3 or Class A-4 falls into another class then the final average of compensation will be determined on the basis of the total salary from all classes of service (Sec. 7). -Establishes Class A-4 membership is acquired if a person who has A-3 membership elects to enter into A-4 membership (Sec. 7). -Authorizes that a person who is eligible for A-4 membership must file for election within 45 days of notification of eligibility with the election of a member being irrevocable (Sec. 7). -Establishes that any person who is an inactive member on leave without pay of the membership Class A-3, A-4, T-E, or T-F who falls between 5 and 10 eligibility points is eligible to receive an annuity calculated into his or her service credit (Sec. 7). -Authorizes that Classes A-3 and A-4 make contributions and receive credit to their respective classes (Sec. 7). -Requires that the commonwealth and employers that have member employees make contributions (Sec. 7). -Authorizes that if the annuities are increased by legislation then it will be by a level percentage over the next 10 years (Sec. 7). -Authorizes that if a person who is a Class A-3 or A-4 member has between 5 and 10 eligibility points, such person will receive a lump sum upon retirement in addition to any other annuity (Sec. 10).

See The Voting Record Full Bill Text
Legislation - Bill Passed (Senate) - Oct. 14, 2010 (Key vote)

Title: Retirement Law Amendments

Vote Smart's Synopsis:

Vote to pass a bill that amends the pension benefits of state and school employees hired after January 1, 2011.

Highlight: -Describes the annuity percentage for certain classes of service including, but not limited to, (Sec. 1):

    -The annuity percentage of Class T-E is 2 percent of the final salary multiplied by the number of years of service; -That the annuity percentage of Class T-F is 2.5 percent of the final salary multiplied by the number of years of service; and -The age of retirement for Class T-E and T-F is 65 with 3 eligibility points or any age with 35 eligibility points.
-Establishes Class T-E membership as a person who becomes a school employee or a state employee with a State Employee's Retirement System membership (Sec. 3). -Specifies that contributions from the commonwealth will be paid as the accrued liability contribution rate (Sec. 5). -Establishes that the collared contribution rate will be determined by comparing the normal contribution rate without regard to the costs added on by legislation, to the prior year's final contribution rate (Sec. 5). -Establishes that beginning July 1, 2011, any additional liability will be funded as the actuarial accrued liability (Sec. 5). -Authorizes that if a person from Class A-3 or Class A-4 falls into another class then the final average of compensation will be determined on the basis of the total salary from all classes of service (Sec. 7). -Establishes Class A-4 membership is acquired if a person who has A-3 membership elects to enter into A-4 membership (Sec. 7). -Authorizes that a person who is eligible for A-4 membership must file for election within 45 days of notification of eligibility with the election of a member being irrevocable (Sec. 7). -Establishes that any person who is an inactive member on leave without pay of the membership Class A-3, A-4, T-E, or T-F who falls between 5 and 10 eligibility points is eligible to receive an annuity calculated into his or her service credit (Sec. 7). -Authorizes that Classes A-3 and A-4 make contributions and receive credit to their respective classes (Sec. 7). -Requires that the commonwealth and employers that have member employees make contributions (Sec. 7). -Authorizes that if the annuities are increased by legislation then it will be by a level percentage over the next 10 years (Sec. 7). -Authorizes that if a person who is a Class A-3 or A-4 member has between 5 and 10 eligibility points, such person will receive a lump sum upon retirement in addition to any other annuity (Sec. 10).

See The Voting Record Full Bill Text
Legislation - Bill Passed (House) - June 16, 2010 (Key vote)

Title: Retirement Law Amendments

Vote Smart's Synopsis:

Vote to pass a bill that amends the pension benefits of state and school employees hired after January 1, 2011.

Highlight: -Describes the annuity percentage for certain classes of service including, but not limited to, (Sec. 1):

    -The annuity percentage of Class T-E is 2 percent of the final salary multiplied by the number of years of service; -That the annuity percentage of Class T-F is 2.5 percent of the final salary multiplied by the number of years of service; and -The age of retirement for Class T-E and T-F is 65 with 3 eligibility points or any age with 35 eligibility points.
-Establishes Class T-E membership as a person who becomes a school employee or a state employee with a State Employee's Retirement System membership (Sec. 3). -Establishes Class T-F membership as a person who has T-E membership and elects into T-F membership (Sec. 3). -Authorizes that a person who is eligible for T-F membership must file for election within 45 days of notification of eligibility (Sec. 4). -Specifies that if a person who is a T-E member purchases military credit, the service will be credited as a T-E service and accordingly, for any T-F member (Sec. 5). -Requires that the total contribution rate is the sum from subsection h plus the premium assistance contribution rate calculated in subsection f (Sec. 5). -Authorizes that contributions from the commonwealth will be paid as the accrued liability contribution rate (Sec. 5). -Establishes that the collared contribution rate will be determined by comparing the normal contribution rate without regard to the costs added on by legislation, to the prior year's final contribution rate (Sec. 5). -Establishes that beginning July 1, 2011, any additional liability will be funded as the actuarial accrued liability (Sec. 5). -Establishes that the board will inform any person eligible for a Class T-F membership (Sec. 6). -Requires that schools must make Public School Employees Retirement Fund payments if the Commonwealth's payment is delayed (Sec. 7). -Authorizes that if a person from Class A-3 or Class A-4 falls into another class then the final average of compensation will be determined on the basis of the total salary from all classes of service (Sec. 7). -Establishes Class A-4 membership is acquired if a person who has A-3 membership elects to enter into A-4 membership (Sec. 7). -Authorizes that a person who is eligible for A-4 membership must file for election within 45 days of notification of eligibility with the election of a member being irrevocable (Sec. 7). -Establishes that any person who is an inactive member on leave without pay of the membership Class A-3, A-4, T-E, or T-F who falls between 5 and 10 eligibility points is eligible to receive an annuity calculated into his or her service credit (Sec. 7). -Authorizes that Classes A-3 and A-4 make contributions and receive credit to their respective classes (Sec. 7). -Requires that the commonwealth and employers that have member employees make contributions (Sec. 7). -Authorizes that if the annuities are increased by legislation then it will be by a level percentage over the next 10 years (Sec. 7). -Authorizes that if a person who is a Class A-3 or A-4 member has between 5 and 10 eligibility points, such person will receive a lump sum upon retirement in addition to any other annuity (Sec. 10).

See The Voting Record Full Bill Text
Legislation - Introduced (House) - May 11, 2010

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