2024 Act 49 – PA General Assembly

  • On July 8, 2024, the Governor signed Act 49 into law, effective in 60 days (Sept 6, 2024)
  • Buy back of FT/PT up to five years (similar to military buy back – can’t do both)
  • It is a “may” not a “shall” change – bargained for by PBA’s
  • Act 205 actuarial study will need to be done
  • Must be vested at your current employer
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