Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 5705.1 - Payment of accumulated deductions resulting from more than one class of serviceAny superannuation or withdrawal annuitant who:
(1) Has Class A-3 , Class A-4, Class A-5 or Class A- 6 service credit;(2) Has service credited in one or more classes of service; and(3) Because he has five or more, but fewer than ten, eligibility points is not eligible to receive an annuity on his Class A-3 , Class A-4, Class A-5 or Class A-6 service shall receive in a lump sum at the time of his retirement, in addition to any other annuity or lump sum payment which he may elect, his accumulated deductions resulting from his Class A-3 , Class A-4, Class A-5 or Class A-6 service credit. Payment of these accumulated deductions resulting from Class A-3 , Class A-4, Class A-5 or Class A-6 service credit shall not be eligible for installment payments pursuant to section 5905.1 (relating to installment payments of accumulated deductions) But shall be considered a lump sum payment for purposes of section 5905.1(D).Amended by P.L. TBD 2017 No. 5, § 319, eff. 6/12/2017.2010, Nov. 23, P.L. 1269, No. 120, § 10, imd. effective.