Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 5309 - Eligibility for vestingAny member who:
(1) Does not have Class A-3 , Class A-4, Class A-5 or Class A-6 service credit or, if a multiple service member, Class T-E , Class T-F, Class T-G or Class T-H service credit in the public school employees' retirement system and terminates state service, or if a multiple service member and an active member of the public school employees' retirement system terminates school service, with five or more eligibility points, or any member with Class G, Class H, Class I, Class J, Class K, Class L, Class M or Class N service with five or more eligibility points, shall be eligible until his required beginning date to vest his retirement benefits.(2) Has only Class A-3 , Class A-4, Class A-5 or Class A-6 service credit and, if a multiple service member, only Class T-E , Class T-F, Class T-G or Class T-H service credit in the public school employees' retirement system and terminates state service, or if a multiple service member and an active member of the public school employees' retirement system terminates school service, with ten or more eligibility points shall be eligible until his required beginning date to vest his retirement benefits.(3) Has either Class A-3 , Class A-4, Class A-5 or Class A-6 service credit and, if a multiple service member, Class T-E , Class T-F, Class T-G or Class T-H service credit in the public school employees' retirement system, also has service credited in the system in one or more other classes of service and has five or more, but fewer than ten, eligibility points and terminates state service, or if a multiple service member and an active member of the public school employees' retirement system terminates school service, shall be eligible until his required beginning date to vest his retirement benefits calculated on his service credited in classes of service other than Class A-3 , Class A-4, Class A-5 or Class A-6 and to be credited with statutory interest on total accumulated deductions, regardless of whether or not any part of his accumulated deductions are a result of Class A-3 , Class A-4, Class A-5 or Class A-6 service credit.Amended by P.L. TBD 2017 No. 5, § 310, eff. 6/12/2017.Amended by P.L. TBD 2015 No. 93, § 14, eff. 12/28/2015.1974, March 1, P.L. 125, No. 31, § 1, imd. effective. Amended 1999, June 22, P.L. 75, No. 12, § 9, imd. effective; 2001, May 17, P.L. 26, No. 9, § 13, effective July 1, 2001; 2010, Nov. 23, P.L. 1269, No. 120, § 7.5, imd. effective.