24 Pa. Stat. § 20-2013-A

Current through P.A. Acts 2023-32

Section 20-2013-A - Teachers' and employes' retirement plans

Pursuant to the provisions of 24 Pa.C.S. § 8301 (relating to mandatory and optional membership), all professional and other employes of the system and its institutions shall be accorded the right to elect participation in the Pennsylvania Public School Employees' Retirement System or the State Employees' Retirement System. Alternatively, eligible employes shall have the right to elect participation in the Teachers' Insurance and Annuity Association of America--College Retirement Equities Fund (TIAA-CREF) retirement plan or in an alternative retirement plan or plans offered by any insurance company authorized to issue annuity contracts in this Commonwealth or mutual fund company with investment options meeting the requirements of a qualified plan under the Internal Revenue Code of 1986 ( Public Law 99-514, 26 U.S.C. § 1 et seq.). The alternative retirement plans shall be selected by the system pursuant to the request-for-proposal process.

24 P.S. § 20-2013-A

1949, March 10, P.L. 30, art. XX-A, § 2013-A, added 1982, Nov. 12, P.L. 660, No. 188, § 2, effective 7/1/1983. Amended 2001, June 22, P.L. 530, No. 35, § 24, effective 7/1/2001.