An Act 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, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill allocates funds from the Public School Employees' Retirement Fund and the PSERS Defined Contribution Fund to the Public School Employees' Retirement Board. Specifically, it provides money for salaries, wages, travel expenses, and contractual services of the board’s employees for the fiscal year starting July 1, 2026, and to cover outstanding bills from the previous fiscal year ending June 30, 2026. The bill also addresses the administration of the School Employees' Defined Contribution Plan.
Key provisions
- Appropriates $65,537,000 from the Public School Employees' Retirement Fund.
- Appropriates $1,499,000 from the PSERS Defined Contribution Fund.
- Funds salaries, wages, and travel expenses for the Public School Employees' Retirement Board.
- Covers contractual services and other necessary expenses for the board.
- Provides funds to pay outstanding bills from the previous fiscal year.
- Supports the administration of the School Employees' Defined Contribution Plan.
Who is affected
- Public School Employees' Retirement Board
- School Employees
- Pension Fund Participants
Notable changes
- Specifies appropriations for the fiscal year 2026-2027.
- Includes funding for previously unpaid bills.
Bill text
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Document of record
- Version
- Pn 1446 Html
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Sponsors
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1 on record
Primary sponsor
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