Bill Information

An Act amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes, further providing for the purchase of military service time; authorizing retirement credit for members of the Cadet Nurse Corps; further providing for termination of annuities, including disability annuities; transferring the pension service credit of certain Philadelphia Regional Port Authority employees to the State Employees' Retirement System; further providing for the terms of members of the State Employees' Retirement Board and for venture capital investments; including enforcement officers and investigators in the Office of Attorney General and parole agents and parole warrant officers of the Pennsylvania Board of Probation and Parole within the definition of "enforcement officer" for retirement purposes; authorizing creditable service for certain persons who were justices of the peace; clarifying out-of-State educational service for certain persons; further providing for retirement counseling; further providing for the compensation and classification of persons appointed by the Public School Employees' Retirement Board and the State Employees' Retirement Board; clarifying the authority of the boards regarding vehicles for authorized investments of the boards; providing for legal advisors; further providing for the annual interest rate; further providing for construction of the act; placing limitations on investments in companies doing business with Northern Ireland; and making a repeal.