Pensions

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Database Search - 14 Results

Bill # Subject Printer # Sponsor Synopsis

HR 59 Summary

  • Early Retirement Benefits
618 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

HB 120 Summary

  • Employer Contributions
  • Miscellaneous
  • Studies
87 RYAN Would establish the Keystone Solvency Operating Study Commission and provide for its powers and duties. The goal of the Commission is to examine solvency and cash flow issues facing the Commonwealth. Among the items to be examined is how insolvency proceedings would affect the state in making its pension obligation ... read more

HB 303 Summary

  • Survivor Benefits
314 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

SB 423 Summary

  • Normal Retirement Benefits
  • Return to Service
427 Ward Would allow for SERS annuitants returning to service as part-time state-certified fire instructors to do so without suspending their annuity payments. Also stipulates that these individuals would not be subject to withholdings of the employee or employer share of the pension plans. Dictates that employees in these positions that opt ... read more

SB 622 Summary

  • Public Safety Employee Benefit
  • Retirement Eligibility
779 Pittman Would allow for commissioned police officers employed at the PA Department of Corrections, Bureau of Investigations and Intelligence to qualify as "enforcement officers" under the State Retirement Code. This would provide for early ages of superannuation (age 50/55 depending on when the individual was first hired under this title). ... read more

SB 669 Summary

  • Public Safety Employee Benefit
  • Service Credit Purchase
733 Regan Requires cities, other than a city of the first class, boroughs, towns, townships and regional police departments to amend their statutes to allow for uniformed police officers the option to purchase up to five years of pension service for prior part- or full-time police service. Provides for methodology in determination ... read more

SB 679 Summary

  • Actuarial Reporting
  • Miscellaneous
799 Brooks Would amend the Municipal Pension Plan Funding Standard and Recovery Act to include certain regional planning commissions under the definition of "municipality." Regional planning commissions would qualify if they are not part of a county government, have a separate pension system for employees and have employees that are not county ... read more

HB 811 Summary

  • Membership Provisions
  • Retirement Eligibility
1778 Cox Amends the State Employees' Retirement Code (Title 71) to remove new employees of the Susquehanna River Basin Commission from the list of employees who are eligible to participate in SERS. Also removes retirement eligibility for employees of the Interstate Commission of the Delaware River Basin Commission. ... read more

HB 967 Summary

  • Miscellaneous
  • Normal Retirement Benefits
  • Return to Service
977 Kinsey Would allow for PSERS annuitants to return to substitute teaching for up to 90 days within one school year without temporarily terminating their annuities. States that the annuitant shall not earn credited service time nor make member contributions during this period. Defines the "substitute" role. ... read more

HB 1442 Summary

  • Normal Retirement Benefits
1556 DeLuca Would establish the Multiple Pension Systems Act. The Act would not allow for public officers and public employees to receive pension annuities from more than one public pension system. Instead the annuitant would have the ability to elect which pension annuity they would receive, if no election is made then ... read more

HB 1578 Summary

  • Employer Contributions
1730 Keefer Would amend Title 24 (Education) and Title 71 (State Government) to prohibit the use of collared employer contribution rates for the State Employees' Retirement System (SERS) and the Public School Employees' Retirement System (PSERS) after June 30, 2021. ... read more

HB 1671 Summary

  • Actuarial Reporting
  • Administrative Operations
  • Investments
1874 Miller The bill would require both the State Employees’ Retirement System (SERS) and the Public School Employees’ Retirement System (PSERS) to stream board meetings live for public access, and post unedited video and records of those meetings online and to retain them online for three years, and maintained internally for seven. ... read more

HB 1698 Summary

  • Actuarial Reporting
  • Administrative Operations
  • Fiduciary Responsibility
  • Investments
1916 Ryan Would require boards at the State Employees' Retirement System (SERS) and the Public School Employees Retirement System (PSERS) to adopt the Global Investment Professional Standards, as provided by the Investment Council of the CFA Institute. Both systems must document compliance with those standards and report annually on efforts. The systems ... read more

HB 1875 Summary

  • Public Safety Employee Benefit
2126 Gillen Would allow for employees who serve as Installation Police Officers at the PA Department of Military and Veteran's Affairs Ft. Indiantown Gap facility (and other qualifying facilities) to qualify as "enforcement officers" under the State Retirement Code. This would provide for early ages of superannuation (age 50/55 depending on when ... read more