How are the Frozen Present Value (FPV) rules applied under Act 9?
An annuitant who returns to school service or enters State service and elects multiple service membership shall have the present value of the annuity frozen as of the date of the return to service. Class T-D service can only be applied to that prior service once an annuitant is eligible to eliminate the effects of FPV. The annuitant becomes eligible to eliminate the effects of the FPV after the annuitant earns three eligibility points following the most recent receipt of an annuity.
