|
|
- Early Retirement Benefits
- Early Retirement Windows
- Studies
|
0337 |
Merski |
Would direct the Legislative Budget and Finance Committee to conduct a study on the viability of an early retirement proposal for both SERS and PSERS. The analysis must include: (1) the potential cost savings if the early retirement option was offered in one-, five-, and ten-year increments; (2) value in
... read more
|
|
|
- Membership Provisions
- Normal Retirement Benefits
|
0086 |
Bartolotta |
Amends Title 24 (Education) to remove the Pennsylvania School Boards Association (PSBA) as a qualified PSERS employer. New employees hired by this organization after the effective date of the act would no longer be PSERS members. States that the association shall not be considered a nonparticipating employer under current statute.
... read more
|
|
|
- Fiduciary Responsibility
- Investments
|
0117 |
Costa |
Requires public funds of the Commonwealth, including SERS, PSERS, PMRS and the State Treasury, to divest holdings related to assault weapons manufacturers. The funds are required to identify manufacturers of assault weapons (as defined), contact those in which the fund has direct holdings, and provides guidance to divest holdings from
... read more
|
|
|
|
0200 |
Coleman |
Would restrict Senators taking office after December 1, 2026 to elect to be a participant in the State Employees' Retirement System's Defined Contribution-Only (DC) plan or elect to decline participation in any of the SERS plans. Restricts these Senators from participation in the SERS hybrid pension plan options. Would not
... read more
|
|
|
- Cost of Living Adjustments
|
0281 |
Pennycuick |
Mandates that municipal retirement systems administer an additional benefit (cost of living adjustment) to individuals who served as municipal uniformed police officers and firefighters, and provides the methodology to calculate that additional benefit and limitations on the additional benefits. Provides methodology for the Auditor General to provide reimbursement to the
... read more
|
|
|
- Public Safety Employee Benefit
- Service Credit Purchase
|
0304 |
Bonner |
Would allow State Police officers to purchase up to five years of retirement credit for prior service as a municipal police officer if the service was conducted within the Commonwealth.
... read more
|
|
|
|
0327 |
Mastriano |
Requires SERS, PSERS, PMRS and the Pennsylvania Treasury to identify and divest holdings related to the government of China. Requires that 50% of the investment shall be removed within three years of the effective date, building to 100% ten years after enactment. Details additional reporting requirements.
... read more
|
|
|
- Cost of Living Adjustments
|
0380 |
Deasy |
Provides cost-of-living adjustments for certain SERS and PSERS annuitants that retired prior to July 2, 2001. Adjustments range from 10-20% of current annuities depending on year of retirement. Adjustments would be effective beginning July 1, 2025 for both systems.
... read more
|
|
|
- Cost of Living Adjustments
|
0383 |
Malagari |
Provides cost-of-living adjustments for certain SERS and PSERS annuitants that retired prior to July 2, 2001. Adjustments range from 15-24.5% of current annuities depending on year of retirement. Adjustments would be effective beginning July 1, 2025 for both systems.
... read more
|
|
|
- Alternative Retirement Plans
|
0393 |
Schlegel |
Amends County Pension Law (Act 96 of 1971) by establishing the County Employees' Defined Contribution Plan. Legislation would allow for counties to develop and implement defined benefit contribution plans, and contract with fund managers. Sets up standards for the plans, specific plans to be determined by individual counties.
... read more
|
|
|
|
0403 |
Ciresi |
Provides for transfers from the Budget Stabilization Fund to SERS and PSERS to pay down unfunded liabilities. Total transfer would equal $1 billion ($670 million to PSERS and $330 million to SERS). Transfers would occur no later than January 1, 2026.
... read more
|
|
|
- Cost of Living Adjustments
|
0778 |
Harkins |
Inserts language to allow for counties to approve cost of living adjustments up to, but not more than, the cost-of-living index percentage. Current language only allows for the increases to only be at the level of the calculated cost-of-living index.
... read more
|
|
|
|
0821 |
Benham |
Amends the Second Class City Firemen Relief Law to remove provisions that currently terminate survivor annuities for widowed spouses of City of Pittsburgh firefighters if they remarry
... read more
|
|
|
- Post Retirement Adjustments
- Public Safety Employee Benefit
|
1470 |
Malagari |
Mandates that municipal retirement systems administer an additional benefit (cost of living adjustment) to individuals who served as municipal uniformed police officers and firefighters, and provides the methodology to calculate that additional benefit and limitations on the additional benefits. Provides methodology for the Auditor General to provide reimbursement to the
... read more
|