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COMMONWEALTH OF PENNSYLVANIA

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16 Pa. Code § 83.11. Options on superannuation or early retirement.

§ 83.11. Options on superannuation or early retirement.

 (a)  Once a member has filed an application for a benefit, and the member has received and cashed the first benefit payment check, the selected retirement benefit option of the member shall be irrevocable unless the retired member returns to active service to the plan from which the member retired. Only the member may change a benefit option.

 (b)  A plan enrolled in the system may not allow for the present value of a living member’s benefit to be paid in one lump sum. The municipal portion of the annuity payment shall be paid in a monthly annuity payment option.

Source

   The provisions of this §  83.11 amended June 23, 2000, effective June 24, 2000, 30 Pa.B. 3168. Immediately preceding text appears at serial page (260171).


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