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Bill > SB282
PA SB282
PA SB282Making appropriations from the Public School Employees' Retirement Fund and from the PSERS Defined Contribution Fund to provide for expenses of the Public School 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 Public School Employees' Retirement Fund and from the PSERS Defined Contribution Fund to provide for expenses of the Public School 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 Public School Employees' Retirement Board (PSERS) for the fiscal year beginning July 1, 2025. Specifically, the bill allocates $64,523,000 from the Public School Employees' Retirement Fund to cover salaries, wages, travel expenses, and other operational costs for the board's employees and members. Additionally, the bill appropriates $1,405,000 from the PSERS Defined Contribution Fund to support administrative expenses related to the School Employees' Defined Contribution Plan. These funds will also cover any outstanding bills from the previous fiscal year ending June 30, 2025. The bill is designed to ensure that the retirement board has the necessary financial resources to function effectively and manage retirement plans for school employees. The appropriations 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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