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Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 881.210. Early retirement

Current as of January 01, 2026 | Updated by Findlaw Staff

Should a contributor be discontinued from service not voluntarily, after having completed eight years of total service, or voluntarily after having completed twenty-four years of total service, but in either event before reaching superannuation retirement age, he shall be paid as he may elect, as follows:

(1) The full amount of the accumulated deductions plus the balance in the member's excess investment account standing to his credit in the member's account of the fund;  or

(2) Upon the filing of an application in the manner outlined in subsection (a) of section 208,  1 a retirement allowance which shall consist of (i) a member's annuity of equivalent actuarial value to his accumulated deductions plus the balance in the member's excess investment account;  and (ii) a municipal annuity of equivalent actuarial value to the present value of a municipal annuity, beginning at superannuation retirement age, calculated in accordance with the provisions of section 208;  or

(3) If qualified, a deferred retirement allowance as provided in section 213.  2

1  53 P.S. § 881.208(a).
2  53 P.S. § 881.213.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 881.210. Early retirement - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-53-ps-municipal-and-quasimunicipal-corporations/pa-st-sect-53-881-210/

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