Pennsylvania Code
Title 4 - ADMINISTRATION
Part X - STATE EMPLOYEES' RETIREMENT BOARD
Chapter 243 - MEMBERSHIP, CREDITED SERVICE, CLASSES OF SERVICE AND ELIGIBILITY FOR BENEFITS
Section 243.3 - Optional alternate retirement program
Universal Citation: 4 PA Code ยง 243.3
Current through Register Vol. 54, No. 12, March 23, 2024
School employees, limited to certain designated employees and officers of The Pennsylvania State University, Indiana University of Pennsylvania, the State System of Higher Education and the Department of Education, shall be permitted to join an optional alternate retirement program in lieu of membership in the system. The program shall be an independent retirement program approved by the employing agency head, provided that the employer is not contributing at a rate greater than that provided in section 5508(b) of the code (relating to actuarial cost method).
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