Section 7. Section 24 of the act is amended to read:
Section 24. Simultaneous Payments of Salary and Retirement Allowance.--Should a retiree receiving a retirement allowance be reemployed by the county as [a salaried] an appointed employe or as an elected official, the retirement allowance of such person shall immediately cease. Such person shall thereupon be reinstated as a contributor; and, there shall be restored to his credit as accumulated deductions the actuarial value of his member's annuity computed as of the date of his reemployment. Should he refuse to surrender his right to retirement allowance as of the date of his reemployment, it shall be unlawful for the county to reemploy him. For the purposes of this section if a person serves as a juror, master, or arbitrator or is employed on a [per diem basis for thirty days or less per year he shall not be deemed reemployed, but if employed on a per diem basis for more than thirty days a year the retirement allowance shall cease during the additional service.] part-time basis, the retirement allowance shall be reduced by an amount equal to the amount of compensation received by the employe. Such reduction shall not exceed the amount of the retirement allowance. A retiree reemployed on a part-time basis exceeding 1000 hours shall be considered an appointed employe for the purposes of this section.