Pensions

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Senate Bill 464

2023-2024
Regan
0449
ACT600 CITYP PMRS
Public Safety Employee Benefit Service Credit Purchase
Requires cities, other than a city of the first class, boroughs, towns, townships and regional police departments to amend their statutes to allow for uniformed police officers the option to purchase up to five years of pension service for prior part- or full-time police service. Provides for methodology in determination of value. Restricts purchase eligibility to: (1) not allow for purchase of time in prior police service that the officer is eligible to receive pension credit for, and (2) to not allow for prior police service purchased plus eligible military service purchased to exceed five years. The legislation also stipulates that it would not impact benefit portability for plans enrolled in the Pennsylvania Municipal Retirement System.
PN 0449
Referred to LAW AND JUSTICE, March 14, 2023
Reported as committed, April 25, 2023
First consideration, April 25, 2023
Re-referred to APPROPRIATIONS, May 1, 2023
PN 1685
Re-reported as amended, June 5, 2024
Second consideration, June 10, 2024
Third consideration and final passage, June 11, 2024 (49-0)
(Remarks see Senate Journal Page ....), June 11, 2024
In the House
Referred to LOCAL GOVERNMENT, June 13, 2024
Reported as committed, June 26, 2024
First consideration, June 26, 2024
Laid on the table, June 26, 2024
Removed from table, June 27, 2024
Second consideration, June 28, 2024
Re-referred to APPROPRIATIONS, June 28, 2024
Re-reported as committed, July 1, 2024
Third consideration and final passage, July 1, 2024 (201-1)
(Remarks see House Journal Page ....), July 1, 2024
Signed in Senate, July 1, 2024
Signed in House, July 2, 2024
Presented to the Governor, July 2, 2024
Approved by the Governor, July 8, 2024
Act No. 49 of 2024, July 8, 2024