Pennsylvania Act 2005-89 — MUNICIPAL POLICE PENSION LAW - PAYMENTS UNDER EXISTING PENSION PLANS FOR SERVICE INCREMENTS TO PENSIONS OF POLICE OFFICERS

Act text

Session of 2005

No. 2005-89

SB 394

AN ACT

Amending the act of May 29, 1956 (1955 P.L.1804, No.600), entitled, as amended, "An act providing for the establishment of police pension funds or pension annuities in certain boroughs, towns and townships; authorizing the establishment of police pension funds or pension annuities by regional police departments; providing for the regulation and maintenance of police pension funds or pension annuities; providing for an actuary; continuance of existing funds or transfer thereof to funds herein established; prescribing rights of beneficiaries; contributions by members; providing for expenses of administration; continuation of existing authority to provide annuity contracts; credit for military service; refunds; exempting allowances from judicial process; and repealing certain acts," further providing for payments under existing pension plans for service increments to pensions of police officers.

The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows:

Section 1. Section 5(f) of the act of May 29, 1956 (1955 P.L.1804, No.600), referred to as the Municipal Police Pension Law, amended February 18, 1998 (P.L.158, No.24), is amended to read:

Section 5. * * *

(f) Any borough, town, township or regional police department may establish and pay length of service increments for years of service beyond twenty-five years for each completed year of service in excess of twenty-five years, not to exceed one hundred dollars ($100) per month for each completed year of service in excess of twenty-five years up to a maximum of five hundred dollars ($500) per month after five completed years of service in excess of twenty-five years . Such length of service increments may be paid in addition to other monthly pension or retirement allowances.

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Section 2. Any provision of section 5(c) of the act that provides that pensions shall be computed at one-half the monthly average salary shall not apply to employees hired prior to January 24, 2001, of a municipality or regional police department operating under a home rule charter adopted in accordance with 53 Pa.C.S. Pt. III Subpt. E which had pension plans in effect prior to January 24, 2001, that provided pensions in an amount greater than one-half the monthly average salary.

Section 3. This act shall take effect immediately.

APPROVED--The 22nd day of November, A. D. 2005.

EDWARD G. RENDELL