Pensions

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Database Search - 25 Results

Bill # Subject Printer # Sponsor Synopsis

HR 28 Summary

  • Early Retirement Benefits
  • Studies
0268 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

SB 32 Summary

  • Miscellaneous
0092 Muth Would require the State Employees; Retirement System (SERS) and the Public School Employees' Retirement System (PSERS) to appear in front the House and Senate Appropriations Committees on an annual basis. ... read more

SB 58 Summary

  • Survivor Benefits
0054 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 298 Summary

  • Cost of Living Adjustments
0254 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

SB 423 Summary

  • Return to Service
0410 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 464 Summary

  • Public Safety Employee Benefit
  • Service Credit Purchase
0449 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 646 Summary

  • Post Retirement Adjustments
  • Public Safety Employee Benefit
0682 Regan Provides for cost-of-living adjustments for State Police Officers who have retired prior to July 1, 2010. Increases would be for $1,000 (retired between July 1, 2000 and June 30, 2010); $2,000 (July 1, 1990 to June 30, 2000) or $3,000 (on or prior to June 30, 1990). These adjustments would ... read more

SB 699 Summary

  • Membership Provisions
0781 Coleman Would restrict Senators taking office after December 1, 2024 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

HB 749 Summary

  • Public Safety Employee Benefit
  • Service Credit Purchase
0698 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

HB 778 Summary

  • Actuarial Reporting
  • Studies
0727 Conklin Would change due dates associated with annual stress test reports. SERS stress test would be required to be published by October 1 (currently July 1) of each year, and sent to the Governor, the General Assembly and the Independent Fiscal Office (IFO). The IFO's report, as detailed in statute, would ... read more

SB 854 Summary

  • Post Retirement Adjustments
  • Public Safety Employee Benefit
1010 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

SB 862 Summary

  • Normal Retirement Benefits
  • Post Retirement Adjustments
1032 Kane Provides cost-of-living adjustments for certain SERS annuitants that retired prior to July 2, 2001. Adjustments range from 4.5-15% of current annuities depending on year of retirement. Initial adjustments would be effective beginning July 1, 2023 (SERS). Funding for these adjustments will be made in ten-year, equal dollar installments beginning July ... read more

SB 863 Summary

  • Normal Retirement Benefits
  • Post Retirement Adjustments
1027 Kane Provides cost-of-living adjustments for certain SERS annuitants that retired prior to July 2, 2001. Adjustments range from 15-24.5% of current annuities depending on year of retirement. Initial adjustments would be effective beginning July 1, 2023 (SERS). Funding for these adjustments will be made in ten-year, equal dollar installments beginning July ... read more

SB 951 Summary

  • Cost of Living Adjustments
1142 Muth 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, 2023 (PSERS) or January 1, 2024 (SERS). For PSERS, the Commonwealth would be responsible for ... read more

SB 952 Summary

  • Cost of Living Adjustments
1143 Muth 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, 2023 (PSERS) or January 1, 2024 (SERS). For PSERS, the Commonwealth would be responsible for ... read more

HB 1261 Summary

  • Actuarial Reporting
  • Administrative Operations
  • Investments
1385 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 1379 Summary

  • Post Retirement Adjustments
  • Public Safety Employee Benefit
1539 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

HB 1415 Summary

  • Cost of Living Adjustments
1583 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, 2023 (PSERS) or January 1, 2024 (SERS). ... read more

HB 1416 Summary

  • Cost of Living Adjustments
1584 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, 2023 (PSERS) or January 1, 2024 (SERS). ... read more

HB 1460 Summary

  • Fiduciary Responsibility
1645 Mullins Would require trustee, board members or any other elected or appointed official who stands in a fiduciary relationship to a public pension fund to attend training. Training requirements would include two hours within one year of appointment or election into the position, and then one hour annually after. ... read more

HB 1505 Summary

  • Cost of Living Adjustments
  • Public Safety Employee Benefit
1712 Deasy Would provide cost-of-living adjustments for SERS annuitants who served as State Police Officers and retired prior to July 1, 2010. Adjustments would range between $1,000 to $3,000 based on year of retirement. Adjustments would be effective for payments administered after June 30, 2023. ... read more

HB 1610 Summary

  • Miscellaneous
1891 D'Orsie Would require the proceeds from the sale of any local government asset to be deposited into the pension fund if the municipality manages a plan that is determined to be in moder or severe distress. Furthermore, changes the distribution formula of funds from the Fire Insurance Tax Fund. Previously the ... read more

HB 1687 Summary

  • Membership Provisions
1995 Fink Would require Members of the House of Representatives taking office after December 1, 2024 from to participate 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 Representatives from participation in the SERS hybrid Defined Benefit/Defined Contribution ... read more

HB 1701 Summary

  • Cost of Living Adjustments
  • Miscellaneous
  • Post Retirement Adjustments
  • Studies
2008 Roae Would prohibit any bill that contains supplemental annuities (COLAs) from moving to second consideration until the stress test based on the actuarial valuation for the calendar year (SERS) or fiscal year (PSERS) in which the legislation was first introduced has been completed. ... read more

HB 1844 Summary

  • Cost of Living Adjustments
2295 Adams Would enact supplemental annuities for individuals who retired prior to July 2, 2001 for SERS and PSERS. The amount of the supplemental annuity would be based on the annuity payment received in the June prior to the July it would be issued, essentially a 13th monthly check for the years ... read more