Pennsylvania § 1905 - Annuities.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 1905 — Annuities., with citation guidance and answers to common questions.
§ 1905. Annuities.
(a) Post-retirement compensation.--A township may provide, by ordinance, an employee of at least 10 years of satisfactory service and who is at least 60 years of age upon termination of active employment with the township, a proportion of the compensation last paid to the employee, not in excess of 50% of the compensation.
(b) Pension plan.--An arrangement to provide postretirement compensation to a retired appointee and employee under this section shall be a pension plan within the meaning of the term under the act of December 18, 1984 (P.L.1005, No.205), known as the Municipal Pension Plan Funding Standard and Recovery Act, and the township establishing the plan shall provide funding of the pension plan in an amount sufficient to meet the minimum obligation of the municipality with respect to the pension plan under the Municipal Pension Plan Funding Standard and Recovery Act.
(c) Pension system or municipal retirement system.--Nothing in this section shall be construed to preclude an employee of the township from joining a pension system or municipal retirement system that the township may establish or adopt.
(d) Prohibition.--Beginning on December 28, 2020, a township may not provide for an annuity in lieu of employees joining a pension or retirement system. Nothing in this subsection shall be construed to affect the rights of a current or retired employee or appointee of a township entitled to payments granted in accordance with an annuity entered into prior to December 28, 2020.
Frequently Asked Questions About Pennsylvania § 1905
What does Pennsylvania Consolidated Statutes § 1905 cover?
Section 1905 ("Annuities.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 1905?
A common citation format is "Pennsylvania Consolidated Statutes § 1905" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 1905 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.