In addition to regular or joint coverage member contributions and social security integration contributions, contributions shall be made on behalf of each active member, regardless of class of service, at the rate of 1 1/4% of compensation until such time as the actuary certifies that all accrued liability contributions have been completed in accordance with the actuarial cost method provided in section 5508(b) (relating to actuarial cost method).
(July 22, 1983, P.L.104, No.31, eff. imd.)
1983 Amendment. Act 31 added section 5505.1. See section 10 of Act 31 in the appendix to this title for special provisions relating to waiver of actuarial note requirement for retirement bills.
Cross References. Section 5505.1 is referred to in sections 5302, 5303, 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 ยง 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