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 282 is a funding bill that allocates $64.5 million from the Public School Employees' Retirement Fund and $1.4 million from the PSERS Defined Contribution Fund to cover the operational costs of Pennsylvania's Public School Employees' Retirement Board. It provides funding for the board's salaries, travel, contractual services, and administrative expenses for fiscal year 2025-2026, as well as payment of unpaid bills from the prior fiscal year ending June 2025. The bill directly affects the Retirement Board's operations but does not change retirement benefits or eligibility for school employees.