Pensions

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Database Search - 40 Results

Bill # Subject Printer # Sponsor Synopsis

SB 1 Summary

  • Administrative Expenses
  • Alternative Retirement Plans
  • Early Retirement Benefits
  • Employee Contributions
  • Employer Contributions
  • Fiduciary Responsibility
  • Investments
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Public Safety Employee Benefit
  • Retirement Eligibility
  • Survivor Benefits
  • Vesting
853 Corman Amends Titles 24 (Education) and 71 (State Government) to provide three new retirement benefit options applicable to most public employees hired by school or state employers beginning July 1, 2019 (PSERS) or January 1, 2019 (SERS). The new plan options would include two "side-by-side" hybrid retirement plans (includes defined benefit ... read more

SB 7 Summary

  • Actuarial Reporting
  • Administrative Expenses
  • Employer Contributions
  • Fiduciary Responsibility
  • Miscellaneous
89 Folmer Creates the Taxpayer Protection Act which limits the growth in total spending by the Commonwealth to the lesser of the average percentage change in (1) personal income or (2) inflation. For a fiscal year in which a surplus exists, 50% of that surplus must be deposited into the PSERS/SERS Unfunded ... read more

HB 12 Summary

  • Administrative Expenses
  • Administrative Operations
  • Alternative Retirement Plans
  • Employee Contributions
  • Employer Contributions
  • Fiduciary Responsibility
  • Investments
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
1351 Kampf Amends Titles 24 (Education) and 71 (State Government) to provide a stand-alone defined contribution retirement benefit plan applicable to most public employees hired by school or state employers beginning July 1, 2018 (PSERS) or January 1, 2019 (SERS). For both PSERS and SERS, the employee contribution rate would be 6.5% ... read more

SB 197 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Survivor Benefits
186 Hughes Amends Titles 24 (Education) and 71 (State Government) to require that annuitants of the state and school pension plans obtain spousal consent prior to receiving a retirement benefit under an option which does not provide at least a 50% survivor benefit. ... read more

HB 205 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
173 Phillips-Hill Amends the Public School Employees' Retirement Code (Title 24) to prohibit associations that receive membership dues from a public school entity (i.e., the Pennsylvania School Boards Association) from being recognized as a "government entity." Employees hired on or after the effective date of the bill would be ineligible to become ... read more

HB 361 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Post Retirement Adjustments
  • Return to Service
379 Roebuck Amends the Public School Employees' Retirement Code (Title 24) to allow an annuitant of PSERS to return to school service as a substitute teacher for up to 90 days without interruption of their retirement benefits. ... read more

SB 370 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
361 Folmer Amends the Public School Employees' Retirement Code (Title 24) to prohibit associations that receive membership dues from a public school entity (i.e., the Pennsylvania School Boards Association) from being recognized as a "government entity." Employees hired on or after the effective date of the bill would be ineligible to become ... read more

SB 383 Summary

  • Alternative Retirement Plans
  • Early Retirement Benefits
  • Employee Contributions
  • Employer Contributions
  • Public Safety Employee Benefit
  • Retirement Eligibility
1034 White Amends the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in duties and powers of boards of school directors, providing for protection and defense of pupils. Amendment 06215, if adopted, would amend the Public School Employees' Retirement Code. A description of the amendment ... read more

SB 401 Summary

  • Administrative Operations
  • Alternative Retirement Plans
  • Employee Contributions
  • Employer Contributions
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
712 White Amends the State Employees' Retirement Code (Title 71) to provide a stand-alone defined contribution retirement benefit plan to members of the General Assembly who are elected or reelected after November 30, 2018. Employer contributions would match participant contributions up to 4.0% of the participant's pensionable earnings. ... read more

HR 522 Summary

  • Miscellaneous
2487 Ryan Urges the Treasurer of Pennsylvania to petition the Federal Reserve to remit $24 billion to the Commonwealth to reimburse State and municipal pension plans for lost earnings due to quantitative easing. ... read more

HB 526 Summary

  • Administrative Operations
  • Miscellaneous
  • Retirement Eligibility
554 Boback Amends the Public Employee Pension Forfeiture Act (Act 140 of 1978) to add to the criminal offenses that would require the forfeiture of benefits. The additional crimes would include the offense of (1) neglect of care-dependent person, (2) institutional sexual assault and (3) endangering welfare of children. The bill would ... read more

SB 537 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
651 Wagner Amends the Public School Code of 1949 (Act 14 of 1949) to permit members of PSERS who are part of an official United States delegation for athletic competition an extended leave of absence up to 90 calendar days. During the leave of absence, employees would retain membership in PSERS and ... read more

SB 538 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
652 Wagner Amends Title 24 (Education) to allow members of PSERS an extended athletic leave of absence. Amends Title 71 (State Government) to permit members of SERS who are part of an official United States delegation for athletic competition an extended leave of absence up to 90 calendar days. During the leave ... read more

HB 583 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Public Safety Employee Benefit
  • Retirement Eligibility
619 Gillespie Amends the State Employees' Retirement Code (Title 71) to add Game Commission officers to the definition of "enforcement officer". ... read more

HB 608 Summary

  • Disability Retirement Benefits
  • Membership Provisions
  • Miscellaneous
  • Public Safety Employee Benefit
  • Retirement Eligibility
646 D. Costa Amends the Second Class County Code (Act 230 of 1953) to provide a retirement allowance plus a service increment for police officers, firefighters, county detectives, sheriffs and deputy sheriffs who incur a permanent mental or physical impairment in the line of duty, regardless of age or years of service. ... read more

SB 611 Summary

  • Administrative Operations
  • Fiduciary Responsibility
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
706 DiSanto Amends the Public Employee Pension Forfeiture Act (Act 140 of 1978) to expand the criminal offenses that would require the forfeiture of benefits to any criminal offense classified as a felony or punishable by a term of imprisonment exceeding five years. ... read more

SB 739 Summary

  • Miscellaneous
  • Retirement Eligibility
907 Farnese Amends the Public Employee Pension Forfeiture Act (Act 140 of 1978) to add to the criminal offenses that would require the forfeiture of benefits any offense that requires registration under 42 Pa.C.S. § 9799.15. ... read more

HB 768 Summary

  • Administrative Operations
  • Early Retirement Benefits
  • Membership Provisions
  • Miscellaneous
  • Public Safety Employee Benefit
  • Retirement Eligibility
  • Service Credit Purchase
845 Murt Amends the Municipal Police Pension Law (Act 600 of 1955) to allow members of a municipal police pension plan to purchase full service credit for up to five years of previous part-time service. ... read more

HB 778 Summary

  • Actuarial Reporting
  • Fiduciary Responsibility
  • Investments
  • Miscellaneous
854 McGinnis Amends Titles 24 (Education) and 71 (State Government) to require that the unfunded accrued liabilities of PSERS and SERS be funded in annual graduated contributions beginning July 1, 2017. ... read more

HB 779 Summary

  • Actuarial Reporting
  • Administrative Expenses
  • Administrative Operations
  • Alternative Retirement Plans
  • Employee Contributions
  • Employer Contributions
  • Investments
  • Membership Provisions
  • Miscellaneous
  • Portability
  • Vesting
855 McGinnis Amends Title 71 (State Government) by adding Part XXVII "Unified Contribution Pension Plan" which establishes a unified retirement system for new state, public school and municipal employees hired after November 30, 2017. The new retirement system would be known as the Public Employees' Retirement System and would provide a defined ... read more

HB 905 Summary

  • Service Credit Purchase
1026 Murt Amends the State Employees' Retirement Code (Title 71) to allow certain mine workers to purchase state service credit for previous non-state employment. ... read more

HB 922 Summary

  • Membership Provisions
  • Retirement Eligibility
1075 Tallman Amends the State Employees' Retirement Code (Title 71) to remove new employees of the Susquehanna River Basin Commission from the enumerated state employees who are eligible to participate in SERS. ... read more

HB 930 Summary

  • Administrative Operations
  • Alternative Retirement Plans
  • Early Retirement Benefits
  • Employee Contributions
  • Employer Contributions
  • Fiduciary Responsibility
  • Investments
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Public Safety Employee Benefit
  • Retirement Eligibility
  • Survivor Benefits
  • Vesting
1082 Kampf Amends Titles 24 (Education) and 71 (State Government) to provide three new retirement benefit options applicable to most public employees hired by school or state employers beginning July 1, 2018 (PSERS) or January 1, 2018 (SERS). The new plan options would include two "side-by-side" hybrid retirement plans (includes defined benefit ... read more

HB 939 Summary

  • Administrative Operations
  • Fiduciary Responsibility
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
1095 Petri Amends the Public Employee Pension Forfeiture Act (Act 140 of 1978) to expand the criminal offenses that would require the forfeiture of benefits to any criminal offense classified as a felony or punishable by a term of imprisonment exceeding five years. ... read more

SB 979 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Public Safety Employee Benefit
  • Retirement Eligibility
  • Service Credit Purchase
1368 Regan Amends Title 53 (Municipalities Generally) to allow pension service credit for prior service with a police department. Municipalities must establish a police pension fund to provide full-time police officers the option to purchase up to five years of pension service credit for prior part-time or full-time police service. ... read more

SB 1021 Summary

  • Disability Retirement Benefits
  • Miscellaneous
1429 Yudichak Amends Chapter 77 of Title 51 (Military Affairs) to provide a 90-day application window for certain veterans under the Amputee and Paralyzed Veteran’s Pension. Eligible veterans would be those who received a determination of disability from the United States Department of Veterans Affairs with an effective date prior to October ... read more

HB 1051 Summary

  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Public Safety Employee Benefit
  • Service Credit Purchase
1222 Cutler Amends the State Employees' Retirement Code (Title 71) to allow a member of the Pennsylvania State Police to purchase up to five years of nonstate service credit for previous service as a municipal police officer. ... read more

HB 1073 Summary

  • Administrative Operations
  • Alternative Retirement Plans
  • Employee Contributions
  • Employer Contributions
  • Fiduciary Responsibility
  • Investments
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Public Safety Employee Benefit
  • Retirement Eligibility
  • Survivor Benefits
  • Vesting
1272 Tobash Amends Titles 24 (Education) and 71 (State Government) to provide a "stacked" hybrid retirement benefit plan (includes defined benefit and defined contribution components) to most public employees hired by school or state employers beginning July 1, 2018 (PSERS) or January 1, 2018 (SERS). Under the defined benefit component, new members ... read more

HB 1074 Summary

  • Administrative Operations
  • Alternative Retirement Plans
  • Employee Contributions
  • Employer Contributions
  • Fiduciary Responsibility
  • Investments
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Public Safety Employee Benefit
  • Retirement Eligibility
  • Survivor Benefits
  • Vesting
1273 Tobash Amends Titles 24 (Education) and 71 (State Government) to provide a "stacked" hybrid retirement benefit plan (includes defined benefit and defined contribution components) to most public employees hired by school or state employers beginning July 1, 2018 (PSERS) or January 1, 2018 (SERS). Under the defined benefit component, new members ... read more

HB 1142 Summary

  • Administrative Expenses
  • Administrative Operations
  • Fiduciary Responsibility
  • Miscellaneous
1365 Briggs Amends the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984) to provide special procedures for municipal pension systems having less than 100 active members to select the most qualified person to enter into a contract to administer, manage or service the municipal pension plan, rather than ... read more

SB 1170 Summary

  • Administrative Operations
  • Fiduciary Responsibility
  • Investments
  • Miscellaneous
1790 Costa Amends the Protecting Pennsylvania's Investments Act (Act 44 of 2010) providing for divestiture by the State Treasurer, the State Employees' Retirement System and the Public School Employees' Retirement System of investments in companies doing business in Iran and Sudan and in assault weapons manufacturers. Within 90 days after the effective ... read more

HB 1170 Summary

  • Administrative Expenses
  • Administrative Operations
  • Membership Provisions
  • Miscellaneous
  • Studies
1393 Caltagirone Creates the Public School Employees' Benefit Board which would establish a statewide health benefits and prescription drug program for public school employees. ... read more

HB 1253 Summary

  • Administrative Operations
  • Fiduciary Responsibility
  • Investments
  • Miscellaneous
1505 Caltagirone Amends the Public School Employees' Retirement Code (Title 24) and the State Employees' Retirement Code (Title 71) to limit venture capital investments to not more than 2.0% of the book value of PSERS' and SERS' total assets. ... read more

HB 1268 Summary

  • Administrative Operations
  • Alternative Retirement Plans
  • Employee Contributions
  • Employer Contributions
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Public Safety Employee Benefit
  • Retirement Eligibility
  • Vesting
1535 Caltagirone Amends the Pennsylvania Municipal Retirement Law (Act 15 of 1974) to establish the Statewide Municipal Police Officers Pension Plan, which would provide a defined benefit retirement to municipal police officers hired after December 31, 2017 (excludes police officers hired by Philadelphia or Pittsburgh). The employer contribution rate would be no ... read more

HB 1460 Summary

  • Actuarial Reporting
  • Administrative Expenses
  • Administrative Operations
  • Fiduciary Responsibility
  • Investments
  • Miscellaneous
2595 B. Miller Amends Titles 24 (Education) and 71 (State Government) to require that the annual financial statement of PSERS and SERS include the performance of their investments over the past 20 years. The financial statement must detail the asset class of the investments, the performance both gross and net of fees, and ... read more

HB 1513 Summary

  • Cost of Living Adjustments
  • Membership Provisions
  • Miscellaneous
  • Post Retirement Adjustments
1938 Marshall Amends Titles 24 (Education) and 71 (State Government) to provide a supplemental cost-of-living adjustment (COLA), commencing with the first monthly annuity payment after July 1, 2017. Eligible recipients include annuitants of the state and school pension plans whose most recent effective date of retirement is prior to July 1, 2001 ... read more

HB 1968 Summary

  • Administrative Operations
  • Fiduciary Responsibility
  • Investments
  • Miscellaneous
2824 Miccarelli Amends the Protecting Pennsylvania's Investments Act (Act 44 of 2010) to require divestiture by the State Employees' Retirement System and the Public School Employees' Retirement System of investments in companies boycotting Israel. Within 90 days after the effective date of the bill, all companies boycotting Israel in which the State ... read more

HB 2314 Summary

  • Employee Contributions
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
  • Retirement Eligibility
3483 Schemel Amends the Public Official Compensation Law (P.L. 160, No. 39) which establishes salaries and compensation for certain public officials and certain expenses of the members of the General Assembly. Beginning December 1, 2020, the salary of the General Assembly will be $25,000 per annum and no health care benefits, retirement ... read more

HB 2505 Summary

  • Miscellaneous
  • Retirement Eligibility
3738 Cutler Amends section 205(d) of the Administrative code of 1929 by specifying that the mandatory resignation at age 60 for Pennsylvania State Police does not apply to those members who have less than 25 years of service. Upon completion of 25 years of service the requirement is applicable. ... read more

HB 2608 Summary

  • Actuarial Reporting
  • Fiduciary Responsibility
  • Miscellaneous
3958 Ryan Amends the Act of April 9, 1929 (P.L. 343, No. 1760), known as the Fiscal Code, creating the Unfunded Liability Solvency Reserve Fund. Deposits into this account can be appropriated by the General Assembly, transferred by law or deposited from the General Fund if the Secretary of the Budget declares ... read more