The regular member contributions for current service of a joint coverage member in any class shall be reduced by 40% of the tax on taxable wages prescribed by the Federal Insurance Contributions Act, IRC § 3101 et seq., exclusive of that portion of such tax attributable to coverage for hospital insurance benefits.
(Dec. 20, 1995, P.L.689, No.77, eff. Jan. 1, 1996)
Cross References. Section 5503 is referred to in sections 5503.1, 5933 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Section 5501 - Regular member contributions for current service
Section 5502 - Social Security integration member contributions
Section 5503 - Joint coverage member contributions
Section 5503.1 - Pickup contributions
Section 5505 - Contributions for the purchase of credit for creditable nonstate service
Section 5505.1 - Additional member contributions
Section 5506 - Incomplete payments
Section 5506.1 - Annual compensation limit under IRC § 401(a)(17)
Section 5507 - Contributions to the system by the Commonwealth and other employers
Section 5508 - Actuarial cost method
Section 5508.1 - Advance payment of accrued liability contributions
Section 5509 - Appropriations and assessments by the Commonwealth