An Act making appropriations from the State Employees' Retirement Fund and from the SERS Defined Contribution Fund to provide for expenses of the State 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 281 is a funding bill that allocates $43.2 million from the State Employees' Retirement Fund and $4.8 million from the SERS Defined Contribution Fund to cover the operational costs of Pennsylvania's State Employees' Retirement Board for fiscal year 2025-2026. It specifically funds salaries, travel, contractual services, and other expenses necessary for the board to conduct its duties, including paying unpaid bills from the prior fiscal year. This bill does not change retirement benefits or policies - it only provides budgetary support for the board's administrative functions. The funds are designated solely for the board's operations, not for direct payments to retirees.