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PA HB1415

PA HB1415
In membership, contributions and benefits, providing for supplemental annuity commencing 2023; and, in benefits, providing for supplemental annuity commencing 2023.


summary

Introduced
06/14/2023
In Committee
09/22/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

Amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes, in membership, contributions and benefits, providing for supplemental annuity commencing 2023; and, in benefits, providing for supplemental annuity commencing 2023.

AI Summary

This bill amends Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes to provide a supplemental annuity, commencing in 2023 and 2024 respectively, for eligible benefit recipients who are receiving superannuation, withdrawal, or disability annuities and whose most recent effective date of retirement is prior to July 2, 2001. The amount of the supplemental annuity is based on a percentage of the recipient's monthly annuity payment, with higher percentages for those who retired earlier. The additional liability for this increase in benefits will be funded in equal annual installments over 10 years starting in July 2024.

Committee Categories

Government Affairs

Sponsors (48)

Dan Deasy (D)* Jessica Benham (D),  Lisa Borowski (D),  Heather Boyd (D),  Kevin Boyle (D),  Tim Brennan (D),  Tim Briggs (D),  Missy Cerrato (D),  Joe Ciresi (D),  Scott Conklin (D),  Mary Jo Daley (D),  Dave Delloso (D),  Justin Fleming (D),  Dan Frankel (D),  Bob Freeman (D),  Roni Green (D),  Nancy Guenst (D),  Liz Hanbidge (D),  Pat Harkins (D),  Carol Hill-Evans (D),  Sara Innamorato (D),  Mary Isaacson (D),  Tarik Khan (D),  Patty Kim (D),  Emily Kinkead (D),  Stephen Kinsey (D),  Maureen Madden (D),  Steve Malagari (D),  Jim Marshall (R),  Jeanne McNeill (D),  Kyle Mullins (D),  Ed Neilson (D),  Napoleon Nelson (D),  Jenn O'Mara (D),  Danielle Otten (D),  Eddie Pashinski (D),  Chris Pielli (D),  Nickolas Pisciottano (D),  Jack Rader (R),  Ben Sanchez (D),  Christina Sappey (D),  Melissa Shusterman (D),  Izzy Smith-Wade-El (D),  Mike Sturla (D),  Paul Takac (D),  Arvind Venkat (D),  Perry Warren (D),  Dan Williams (D), 

Last Action

Re-committed to RULES (on 09/22/2023)

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