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, 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.

SB 165 allocates funds to the Public School Employees' Retirement Board (PSERS) for its operational expenses. The bill appropriates $61,403,000 from the Public School Employees' Retirement Fund and an additional $1,282,000 from the PSERS Defined Contribution Fund. These funds are designated for costs such as employee salaries, travel, and contractual services, enabling the board to manage retirement plans for public school employees. The appropriations cover the fiscal year from July 1, 2025, to June 30, 2026, and also address any outstanding bills from the previous fiscal year.