Pennsylvania § 9123 - Computation of amount due.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9123 — Computation of amount due., with citation guidance and answers to common questions.
§ 9123. Computation of amount due.
The amount due for the purchase of credit for prior police service under this subchapter shall be computed by:
(1) multiplying the normal cost rate for the police pension plan a police officer is buying into, but not to exceed 10%, by the police officer's average annual rate of compensation over the first three years of service with the police department; and
(2) multiplying the product from paragraph (1) by the number of years and fractional part of a year of creditable prior police service being purchased together with interest at the rate of 4.75% compounded annually from the date of initial entry into full-time service with the police department to the date of payment.
Frequently Asked Questions About Pennsylvania § 9123
What does Pennsylvania Consolidated Statutes § 9123 cover?
Section 9123 ("Computation of amount due.") 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 § 9123?
A common citation format is "Pennsylvania Consolidated Statutes § 9123" (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 § 9123 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.