Pensions

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Database Search - 5 Results

Bill # Subject Printer # Sponsor Synopsis

SB 7 Summary

  • Actuarial Reporting
  • Administrative Expenses
  • Employer Contributions
  • Fiduciary Responsibility
122 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 60 Summary

  • Membership Provisions
  • Retirement Eligibility
64 Cox 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

SB 113 Summary

  • Administrative Operations
  • Fiduciary Responsibility
  • Membership Provisions
  • Miscellaneous
  • Normal Retirement Benefits
58 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 192 Summary

  • Survivor Benefits
148 Hughes Amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes to allow for spousal consent for a retirement public employee choosing how his/her pension benefits are to be paid. Designates spouses of married members as the first payable party upon death unless otherwise designated. ... read more

HB 455 Summary

  • Employee Contributions
  • Membership Provisions
  • Normal Retirement Benefits
  • Retirement Eligibility
440 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