An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in special funds, further providing for disposition of Budget Stabilization Reserve Fund; and making interfund transfers.

HB 429 amends Pennsylvania's Fiscal Code to direct specific transfers from the Budget Stabilization Reserve Fund to address pension obligations. It requires $670 million to be transferred to the Public School Employees' Retirement Fund and $330 million to the State Employees' Retirement Fund by January 1, 2026, as one-time payments to reduce their unfunded pension liabilities. These transfers are separate from the fund's usual purpose of covering emergencies or economic downturns. The bill directly affects Pennsylvania's public employee pension systems, not general state programs or new legislation.