(a) General rule.--Every annuitant who is in receipt of a superannuation, withdrawal or disability annuity, shall continue to receive such annuity and beginning July 1, 1979, any annuitant who retired on or prior to July 1, 1978, shall receive a cost-of-living supplement determined as a percentage applied to the retirement annuity as of June 30, 1979. Such cost-of-living supplement shall be payable under the same terms and conditions as provided under the option plan in effect as of June 30, 1979.
(b) Cost-of-living adjustment factors.--The percentage which is to be applied in the determination of the cost-of-living supplements shall be determined on the basis of the effective date of retirement payable on the first $12,000 of annuity received per year. The applicable percentage factors are:
Effective date of retirement
Percentage factor
After July 1, 1977 through July 1, 1978
5%
After July 1, 1976 through July 1, 1977
10%
After July 1, 1975 through July 1, 1976
13%
After July 1, 1974 through July 1, 1975
20%
After July 1, 1973 through July 1, 1974
27%
On or prior to July 1, 1973
31%
(c) Withdrawal annuitants.--The cost-of-living supplement as determined in subsection (b) shall not be payable to an annuitant receiving a withdrawal annuity prior to the first day of July coincident with or following his attainment of superannuation age.
(d) Disability annuitants.--(Repealed).
(e) Supplement enacted after death of member.--No supplement enacted after the death of the member shall be payable to the beneficiary or survivor annuitant of such deceased former school employee, except when the effective date of the supplement shall predate the death of the member by virtue of retroactivity of the supplement.
(Dec. 18, 1979, P.L.566, No.130, eff. imd.; July 12, 1981, P.L.261, No.87, eff. imd.)
2019 Abolishment. Section 1(3) of Act 92 provided that the joint committee to review the cost-of-living supplements under this section is abolished.
1981 Amendment. Act 87 amended subsec. (e), retroactive to July 1, 1979.
1979 Amendment. Act 130 amended subsecs. (a) and (b) and repealed subsec. (d).
Special Provisions in Appendix. See section 3 of Act 130 of 1979 in the appendix to this title for special provisions relating to the biennial organization of a joint legislative committee to study cost-of-living supplements accruing under section 8348.
See section 3(4) of Act 96 of 1975 in the appendix to this title for special provisions relating to the continuation of rights of former teachers to minimum benefits under former provisions of law.
Cross References. Section 8348 is referred to in sections 8328, 8343, 8348.2, 8348.3, 8348.5, 8348.6, 8348.7, 8525 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 83 - Membership, Contributions and Benefits
Section 8301 - Mandatory and optional membership in the system and participation in the plan
Section 8302 - Credited school service
Section 8303 - Eligibility points for retention and reinstatement of service credits
Section 8303.1 - Waiver of adjustments
Section 8304 - Creditable nonschool service
Section 8305 - Classes of service
Section 8305.1 - Election to become a Class T-D member
Section 8305.2 - Election to become a Class T-F member
Section 8305.3 - Election to become a Class T-H member
Section 8305.4 - Election to become a Class DC participant
Section 8305.5 - Election to become Class T-G, Class T-H or Class DC
Section 8306 - Eligibility points
Section 8307 - Eligibility for annuities
Section 8308 - Eligibility for vesting
Section 8309 - Eligibility for death benefits
Section 8310 - Eligibility for refunds
Section 8311 - Eligibility for early retirement
Section 8312 - Eligibility for special early retirement
Section 8313 - Eligibility for limited early retirement
Section 8321 - Regular member contributions for current service
Section 8322 - Joint coverage member contributions
Section 8322.1 - Pickup contributions
Section 8323 - Member contributions for creditable school service
Section 8325 - Incomplete payments
Section 8325.1 - Annual compensation limit under IRC ยง 401(a)(17)
Section 8326 - Contributions by the Commonwealth
Section 8327 - Payments by employers
Section 8327.1 - Nonparticipating employer withdrawal liablity
Section 8328 - Actuarial cost method
Section 8329 - Payments on account of social security deductions from appropriations
Section 8330 - Appropriations by the Commonwealth
Section 8341 - Return of accumulated deductions
Section 8342 - Maximum single life annuity
Section 8343 - Reduction of annuities on account of social security old-age insurance benefits
Section 8344 - Disability annuities
Section 8345 - Member's options
Section 8346 - Termination of annuities
Section 8348 - Supplemental annuities
Section 8348.1 - Additional supplemental annuities
Section 8348.2 - Further additional supplemental annuities
Section 8348.3 - Supplemental annuities commencing 1994
Section 8348.4 - Special supplemental postretirement adjustment
Section 8348.5 - Supplemental annuities commencing 1998
Section 8348.6 - Supplemental annuities commencing 2002