Current through Register Vol. 54, No.43, October 26, 2024
Section 243.14 - Eligibility for benefits(a) A member who has terminated State service having attained 35 eligibility points shall be eligible for a superannuation retirement allowance, irrespective of age, upon filing of the proper application therefor. Any member who has terminated State service having attained ten or more eligibility points who has not yet reached superannuation age, shall be eligible for an early retirement allowance or vesting.(b) In the case of an early retirement allowance, the applicable reduction factor shall be determined on the basis of the number of years and months the member is from attaining superannuation age, that is, age 60 or 50, as the case may be, or attainment of 35 eligibility points, whichever would be achieved earlier had he continued in active State service.(c) In the case of a vestee, he shall be eligible for an unreduced superannuation retirement allowance at the beginning of the month following the date he would have achieved superannuation age; that is, age 60 or 50, as the case may be, or attainment of 35 eligibility points, whichever would be achieved earlier had he continued in active State service. In the event a vestee elects early retirement or dies, the applicable reduction factor shall be determined on the basis of the number of years and months he is from such date at the effective date of application for early retirement, or date of death, as the case may be.(d) For the purpose of determining the date on which a member would have achieved 35 eligibility points under either subsection (b) or (c), had he continued in active State service, one eligibility point will be assumed for each year, irrespective of any former class of membership.The provisions of this §243.14 adopted March 12, 1976, 6 Pa.B. 449.