A Resolution directing the Legislative Budget and Finance Committee to conduct a cost analysis study of an early retirement proposal for members of the State Employees' Retirement System and the Public School Employees' Retirement System.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This resolution directs the Legislative Budget and Finance Committee to conduct a cost analysis study of potential early retirement proposals for members of the State Employees’ Retirement System (SERS) and the Public School Employees’ Retirement System (PSERS). The study will examine the potential financial impacts, including cost savings and pension liability increases, and consider the effects on workforce composition and staffing needs. The committee will also review past early retirement programs and present its findings to the State Government Committee and the General Assembly.
Key provisions
- Conduct a cost analysis study of early retirement proposals for SERS and PSERS members.
- Assess potential cost savings over one, five, or ten years.
- Evaluate the impact on employment opportunities for younger workers.
- Analyze the effects on critical skills and experience within Commonwealth agencies and school districts.
- Review the impact of past early retirement incentives on budgets and workforce needs.
- The study will focus on members aged 55 or older or with at least 30 years of service.
Who is affected
- State Employees’ Retirement System (SERS) members
- Public School Employees’ Retirement System (PSERS) members
- The Commonwealth of Pennsylvania
- Legislative Budget and Finance Committee
- State Government Committee
Notable changes
Bill text
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Document of record
- Version
- Pn 0337 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Robert Merski
Cosponsors
Benjamin Sanchez
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