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PA HB1336

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.


summary

Introduced
05/06/2025
In Committee
06/06/2025
Crossed Over
06/04/2025
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) for the Public School Employees' Retirement Board (PSERS) for the fiscal year starting 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 be used to pay for the board's ongoing expenses and to settle any unpaid bills from the previous fiscal year ending June 30, 2025. The bill is designed to ensure that the PSERS board has the necessary financial resources to carry out its duties and functions, including managing retirement benefits for public school employees. The legislation will take effect on July 1, 2025, or immediately, whichever occurs later.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to APPROPRIATIONS (on 06/06/2025)

bill text


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