Bill > SB165

This bill appropriates funds for the Public School Employees' Retirement Board (PSERS) for the fiscal year beginning July 1, 2025. Specifically, the bill allocates $61,403,000 from the Public School Employees' Retirement Fund and $1,282,000 from the PSERS Defined Contribution Fund to cover the board's operational expenses. These funds will be used to pay salaries, wages, travel expenses, and other necessary costs for the board's employees and members. The money will support the board's administrative duties, including managing the School Employees' Defined Contribution Plan. The appropriations also cover any unpaid bills from the previous fiscal year ending June 30, 2025. The bill will take effect on July 1, 2025, or immediately after passage, whichever is later. This type of appropriations bill is a standard legislative mechanism to ensure that a government agency has the financial resources to continue its operations in the upcoming fiscal year.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=165