HB 2407
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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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill 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 the board’s salaries, wages, travel expenses, contractual services, and outstanding bills for the fiscal year beginning July 1, 2026, and extending through June 30, 2027. A portion of the funds is also designated for 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 are allocated to the Public School Employees' Retirement Board.
- Funds cover salaries, wages, and travel expenses for board employees.
- Funds support contractual services and other necessary expenses.
- Funds are used to pay outstanding bills.
- The allocation covers the fiscal year July 1, 2026, to June 30, 2027.
- Funds support the administration of the School Employees' Defined Contribution Plan.
Who is affected
- Public School Employees' Retirement Board
- Public School Employees' Retirement Fund beneficiaries
- PSERS Defined Contribution Fund beneficiaries
- Pennsylvania State Government
- School Employees
Notable changes
- This bill provides specific appropriations for the fiscal year 2026-2027.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsor
G. Roni Green
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