Pennsylvania Code
Title 16 - COMMUNITY AFFAIRS
Part III - Municipal Retirement Board
Chapter 83 - MUNICIPAL EMPLOYES
Section 83.11 - Options on superannuation or early retirement
Universal Citation: 16 PA Code ยง 83.11
Current through Register Vol. 54, No. 12, March 23, 2024
(a) Once a member has filed an application for a benefit, and the member has received and cashed the first benefit payment check, the selected retirement benefit option of the member shall be irrevocable unless the retired member returns to active service to the plan from which the member retired. Only the member may change a benefit option.
(b) A plan enrolled in the system may not allow for the present value of a living member's benefit to be paid in one lump sum. The municipal portion of the annuity payment shall be paid in a monthly annuity payment option.
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