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Bill > SB281
PA SB281
PA SB281Making appropriations from the State Employees' Retirement Fund and from the SERS Defined Contribution Fund to provide for expenses of the State Employees' Retirement Board for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.
summary
Introduced
02/26/2025
02/26/2025
In Committee
02/26/2025
02/26/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Making appropriations from the State Employees' Retirement Fund and from the SERS Defined Contribution Fund to provide for expenses of the State Employees' Retirement Board for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.
AI Summary
This bill provides appropriations (funding allocations) for the State Employees' Retirement Board (SERS) for the fiscal year starting July 1, 2025, and ending June 30, 2026. Specifically, the bill allocates $43,249,000 from the State Employees' Retirement Fund and $4,836,000 from the SERS Defined Contribution Fund to cover the board's operational expenses. These funds will be used to pay for salaries, wages, travel expenses, contractual services, and other necessary expenses for the board's employees and members. The funds will also cover any outstanding bills from the previous fiscal year ending June 30, 2025. The appropriation includes expenses related to the administration of the State Employees' Defined Contribution Plan, which is established under Pennsylvania law. The bill will take effect on July 1, 2025, or immediately after passage, whichever occurs later.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Appropriations (on 02/26/2025)
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