5502.1 - Waiver of regular member contributions and Social Security integration member contributions.
§ 5502.1. Waiver of regular member contributions and Social Security integration member contributions. Notwithstanding the provisions of sections 5501 (relating to regular member contributions for current service) and 5502 (relating to Social Security integration member contributions), no regular member contributions or Social Security integration member contributions shall be made by an active member for the period from July 1 to the following June 30 if the maximum single life annuity to which the member would have been entitled to receive had the member retired with an effective date of retirement on the preceding January 1 is greater than 110% of the highest calendar year compensation of the member, provided the member files a written election as prescribed by the board. (May 17, 2001, P.L.26, No.9, eff. imd.) 2001 Amendment. Act 9 added section 5502.1. Cross References. Section 5502.1 is referred to in sections 5102, 5302, 5305, 5501, 5502, 5903 of this title.