Active member-
Actuarially equivalent-Two benefits are said to be actuarially equivalent if they have equal present values, computed on the basis of statutory interest and the mortality tables currently adopted and used by the Board.
Annuitant-A member on or after the effective date of retirement, until the annuity is terminated, but excludes a beneficiary or survivor annuitant.
Beneficiary-The person, (as defined in 1 Pa.C.S. § 1991 (relating to definitions)), last designated by a member in writing to the Board to receive accumulated deductions or a lump sum benefit upon the member's death.
Board-The Public School Employees' Retirement Board.
Certified members-See definition of "professional members" in this section.
Employer-
Final average salary-The highest average compensation received as an active member during any three nonoverlapping periods of 12 consecutive months. In the case of a part-time employee, compensation shall be annualized by multiplying actual earnings by the reciprocal of the fractional portion of time worked during nonoverlapping periods of 12 consecutive months or equivalent consecutive pay periods during which compensation is received; and, in the case of a member with multiple service credit, the salary shall be determined by reference to include compensation received as a school employee or a State employee, or both. In the case of a member who first became a member on or after July 1, 1996, compensation shall be subject to the application of section 8325.1 of the Retirement Code (relating to annual compensation limit under section 401(a)(17) of the IRC). Final average salary is an average of the 3 highest school years. For terminations before the end of the school year, salary for that part of the year may be used in combination with a proportionate percentage of a prior year. School years with part-time service may be annualized for salary calculation. Either annualized or actual retirement-covered compensation is allocated to months for each school year. For final average salary purposes, retirement-covered compensation is credited in the school year in which it is earned, not paid. Retirement-covered compensation is not recognized for any period of creditable nonschool service purchased by a member.
Full-day session-That period of time determined by the employer, without objection from the Department of Education, during which a school employee is employed daily for instructional purposes.
Full time employee-An employee employed at least 5 hours per day or 25 hours per week or its equivalent.
Fund-The Public School Employees' Retirement Fund.
Governmental entity-In addition to those enumerated in the Retirement Code, the term includes any agency or authority, being a corporate body or body politic created by law, or any entity created by those agencies or authorities, charged with the responsibility of providing public education within this Commonwealth.
Government service-Service as an administrator, teacher, or instructor in the field of public school education for an agency or department of the government of the United States.
Inactive member-
IRC-Internal Revenue Code- 26 U.S.C.A. §§ 1 - 7872.
Member's annuity-An amount determined by dividing the accumulated deductions of the member by the cost of a $1 annuity based on the nearest age of the member at the effective date of retirement and computed on the basis of statutory interest and mortality tables adopted and used by the Board.
Noncertified members-See definition of "nonprofessional members" in this section.
Nonprofessional members or noncertified members-The term includes school employees who are not "professional employees," as defined in section 1101 of the Public School Code of 1949 (24 P. S. § 11-1101), and who also qualify for membership in the System under section 8301 of the Retirement Code (relating to mandatory and optional membership).
Professional members or certified members-"Professional employees," as defined in section 1101 of the Public School Code of 1949, including all temporary professional employees, professional employees, substitutes and commissioned officers currently employed by a school district or intermediate unit and qualifying for membership in the System under section 8301 of the Retirement Code (relating to mandatory and optional membership).
Public school-Any or all classes or schools within this Commonwealth conducted under the order and superintendence of the Department of Education including, but not limited to: all educational classes of an employer charged with the responsibility of public education within this Commonwealth as well as those classes financed wholly or in part by the Federal Government, State-owned colleges and universities, the Pennsylvania State University, community colleges, area vocational-technical schools, intermediate units, the State Board of Education, Scotland School for Veterans' Children, Thaddeus Stevens College of Technology and the Pennsylvania State Oral School for the Deaf. In all cases of doubt, the Board will determine whether any particular governmental entity is eligible as an employer within the meaning of the Retirement Code.
Retirement Code-The Public School Employees' Retirement Code, 24 Pa.C.S. §§ 8101-8535.
Salary deductions-The amounts certified by the Board to be deducted from the compensation, as determined for retirement purposes, of an active member and paid into the Fund for the purposes of purchasing current service, previous school service, pickup contributions and creditable nonschool service, as the case may be.
School employee-
School year-The 12-month period which the governmental entity uses for purposes of administration, regardless of the actual time during which a member renders service. A member will not be credited, during a school year, with credited service in excess of 1 year.
Statutory interest-As applied to contributions of members, interest at 4% per annum compounded annually.
22 Pa. Code § 211.2
The provisions of this §211.2 amended under the Public School Employees' Retirement Code, 24 Pa.C.S. § 8502(h).