Budget & Taxes (Pensions)

signed · Pennsylvania · House Jun 12, 2026

HB 2408: 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, 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.

This bill allocates $43.176 million from the State Employees' Retirement Fund and $2.879 million from the SERS Defined Contribution Fund to cover the operating expenses of the State Employees' Retirement Board for the fiscal year 2026-2027. The funds will be used to pay salaries, wages, travel expenses, and other costs for the board's employees and members, as well as to settle unpaid bills from the previous fiscal year. The appropriations apply specifically to the board's duties related to managing the State Employees' Retirement System and the State Employees' Defined Contribution Plan. The bill takes effect on July 1, 2026, or immediately if that date has already passed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $46M to fund State Employees' Retirement Board operations, directly supporting budget appropriations and fiscal management.90% confidence

Sub-Topics Pensions State Budget

signed · Pennsylvania · House Jun 12, 2026

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.

This bill allocates approximately $67 million from two retirement funds to cover the operating expenses of Pennsylvania's Public School Employees' Retirement Board for the 2026-2027 fiscal year. The funding includes about $65.5 million from the Public School Employees' Retirement Fund and $1.5 million from the PSERS Defined Contribution Fund to pay for staff salaries, travel, contractual services, and other administrative costs. The legislation also authorizes payment of any outstanding bills from the previous fiscal year that were not yet settled. These funds will support the board's management of retirement benefits for public school employees and the administration of the defined contribution plan.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $67M to fund Public School Employees' Retirement Board operations, directly supporting fiscal management and essential public service funding.95% confidence ✓ EducationSupports EducationBill allocates $67M to fund retirement board operations supporting public school employees' benefits and administrative functions.85% confidence

Sub-Topics Pensions State Budget

in committee · Pennsylvania · Senate Feb 24, 2026

SB 1165: 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.

This bill (SB 1165) provides funding for Pennsylvania's Public School Employees' Retirement Board (PSERS) for the 2026-2027 fiscal year. It appropriates $65.5 million from the main Public School Employees' Retirement Fund to cover the board's general operating expenses, including salaries, travel, and contractual services. Additionally, it allocates $1.5 million from the PSERS Defined Contribution Fund specifically for administering the School Employees' Defined Contribution Plan. The funds will also pay any unpaid bills from the prior fiscal year ending June 2026. This is a procedural funding bill affecting only the PSERS Board's budget operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $65.5M from retirement funds to cover PSERS board operations, ensuring continued funding for public employee retirement program within state budget management.95% confidence

Sub-Topics Pensions

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in committee · Pennsylvania · Senate Apr 30, 2025

SB 563: An Act amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes, in membership, contributions and benefits, providing for supplemental annuity commencing 2025; and, in benefits, providing for supplemental annuity commencing 2025.

Senate Bill 563 proposes to provide a new supplemental annuity for eligible retirees of both the Pennsylvania Public School Employees' Retirement System and the State Employees' Retirement System. Commencing July 1, 2025, individuals receiving a superannuation, withdrawal, or disability annuity who retired prior to July 2, 2001, will receive an additional monthly payment. The amount of this supplement will be a percentage of their July 1, 2025, monthly annuity, ranging from 10% to 20% based on their original retirement date. The Commonwealth will fund the additional liability for these benefits over a 10-year period, starting July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases state spending by adding supplemental annuities to retirement benefits for eligible retirees, directly impacting government budget allocation for state employee pensions.95% confidence

Sub-Topics Pensions

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passed · Pennsylvania · House Apr 11, 2025

HB 411: An Act amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes, in membership, contributions and benefits, providing for supplemental annuity commencing 2025; and, in benefits, providing for supplemental annuity commencing 2025.

HB 411 adds a new supplemental annuity for eligible Pennsylvania state retirees, starting July 2025. It applies to retirees who retired before July 2, 2001, have specific service credit (excluding certain classifications), and are receiving monthly payments on July 1, 2025. The amount equals a percentage (ranging from 15% to 24.5%) of their July 2025 monthly annuity, based on their retirement date. The benefit is paid automatically unless retirees opt out, and the cost will be funded over 10 years starting July 2026. This bill does not apply to survivors or retirees with certain service types.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill funds supplemental retirement benefits for state retirees, increasing government spending. This aligns with 'funds essential programs' indicator under Budget & Taxes.80% confidence

Sub-Topics Pensions

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passed · Pennsylvania · House Jan 30, 2026

HB 1304: An Act amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes, in administration and miscellaneous provisions, further providing for stress test of system; and, in administration, funds, accounts and general provisions, further providing for stress test of system.

HB 1304 requires Pennsylvania to conduct annual stress tests on state pension systems for both education and state government sectors. The bill mandates that relevant boards submit test results - including scenario and sensitivity analyses - to the Governor, General Assembly, and Independent Fiscal Office by April 1 (education) or October 1 (state government). The Independent Fiscal Office must then produce a summary report by June 1 (education) or December 1 (state government), including a calculation of projected pension contributions relative to state revenues. This directly affects state pension systems, covering public employees and retirees, by establishing regular, transparent assessments of pension fund financial health.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates annual pension stress tests for fiscal oversight, promoting transparency and accountability in state budget management per fiscal responsibility indicators.90% confidence

Sub-Topics Pensions

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in committee · Pennsylvania · Senate Jun 11, 2025

SB 721: An Act amending Titles 24 (Education), 71 (State Government) and 72 (Taxation and Fiscal Affairs) of the Pennsylvania Consolidated Statutes, in membership, contributions and benefits, providing for supplemental annuity commencing 2025; in benefits, providing for supplemental annuity commencing 2025; providing for special funds and for disposition of Budget Stabilization Reserve Fund; establishing the Budget Stabilization Reserve Fund Interest Account; and making a repeal.

SB 721 creates a new supplemental annuity for certain Pennsylvania state retirees, effective July 1, 2025. It adds a monthly payment based on the retiree's original retirement date, ranging from 15% to 24.5% of their existing annuity (higher percentages for earlier retirees). This applies specifically to eligible recipients in the State Employees' Retirement System (Title 24) and another state retirement system (Title 71), excluding those with certain service classifications or who died before 2025. The additional payments will be funded through annual installments over 10 years starting in 2026. The bill does not change existing retirement eligibility or other benefit structures.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new state expenditure for retiree annuities (15-24.5% supplemental payments), increasing budget allocation for retirement benefits per amended statutes.95% confidence

Sub-Topics Pensions

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in committee · Pennsylvania · Senate Feb 26, 2025

SB 282: 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.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $65.9M from retirement funds to cover operational costs of Retirement Board, ensuring fiscal responsibility for essential pension administration.95% confidence

Sub-Topics Pensions

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in committee · Pennsylvania · House Jan 31, 2025

HB 429: 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.

Topics ✓ Budget & TaxesSupports Budget & TaxesTransfers $1B from reserve fund to reduce pension liabilities, promoting fiscal responsibility by addressing unfunded obligations without new taxes or spending cuts.92% confidence ✓ EducationSupports EducationTransfers $670M to Public School Employees' Retirement Fund to address pension obligations, directly supporting teacher benefits and system financial stability.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentDirectly funds public employee pension benefits ($670M to school employees, $330M to state employees), strengthening retirement security as part of employment standards.95% confidence

Sub-Topics Pensions State Budget Public Employees

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