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Bill Title: Amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes as follows: In Title 24: for retirement for school employees, in preliminary provisions, further providing for definitions; in membership, contributions and benefits, further providing for payments by employers and providing for nonparticipating employer withdrawal liability and further providing for actuarial cost method; in School Employees' Defined Contribution Plan, further providing for vesting; in administration and miscellaneous provisions, further providing for Public School Employees Retirement Board; in administration and miscellaneous provisions, providing for the establishment of the Public Markets Emerging Investment Manager Program; and, in preliminary provisions, further providing for definitions. In Title 71: for retirement for State employees and officers, in preliminary provisions relating to retirement for State employees and officers, further providing for definitions; in membership, credited service, classes of service and eligibility for benefits regarding administration of the State Employees' Retirement Fund, further providing for election to become a Class A-6 member or solely a participant in the plan and for eligibility for death benefits; and, in benefits, further providing for maximum single life annuity.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2019-07-02 - Act No. 72 [SB724 Detail]

Download: Pennsylvania-2019-SB724-Amended.pdf

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