366c

(a) An increase in the amount of those pensions which are less than three thousand six hundred dollars ($3,600) a year is hereby granted to all the pensioners in the Teachers’ Retirement System, including those who are pensioned for occupational or non-occupational disability, which shall be as follows:Years of Service Amount of Increase (Annual) 30 years Three hundred dollars ($ 300) 20—29 years Two hundred and forty dollars ($ 240) 10—19 years One hundred and eighty dollars ($ 180)Provided, That in the case of occupational or nonoccupational pensioners of the Teachers’ Retirement System who had less than ten (10) years of service shall be entitled to an increase of one hundred and eighty dollars ($180) a year.Provided, also, That none of the increases to be granted can cause the pension to exceed the amount of three thousand six hundred dollars ($3,600) a year.(b) The above-mentioned pensioners whose pension is in effect on or before June 30, 1983, shall be entitled to the increase provided by this section.(c) Half of the annual cost of this increase shall be absorbed by the Teachers’ Retirement System’s own resources.

or before June 30, 1983, shall be entitled to the increase provided by this section.(c) Half of the annual cost of this increase shall be absorbed by the Teachers’ Retirement System’s own resources. The Secretary of the Treasury shall transfer annually to the Funds of the Teachers’ Retirement System half of the cost of the increase in these pensions provided by this section, from any available funds in the Commonwealth Treasury. History —June 1, 1984, No. 47, p. 128, §§ 1—3, retroactive to July 1, 1983.