PRINTER'S NO. 89
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
7
Session of
2017
INTRODUCED BY FOLMER, BARTOLOTTA, SCARNATI, EICHELBERGER,
GORDNER, ARGALL, HUTCHINSON, VULAKOVICH, STEFANO, WAGNER,
LANGERHOLC, AUMENT, DiSANTO, RAFFERTY, VOGEL, WHITE, LAUGHLIN
AND MARTIN, JANUARY 19, 2017
REFERRED TO FINANCE, JANUARY 19, 2017
AN ACT
Amending Titles 24 (Education), 71 (State Government) and 72
(Taxation and Fiscal Affairs) of the Pennsylvania
Consolidated Statutes, in retirement for school employees as
to membership, contributions and benefits, further providing
for actuarial cost method; in administration and
miscellaneous provisions, further providing for
administrative duties of board; in retirement for State
employees and officers as to contributions, further providing
for actuarial cost method; in administration, funds,
accounts, general provisions, further providing for
administrative duties of board; providing for taxpayer
protection and establishing the Taxpayer Protection Fund; and
repealing certain provisions of the Fiscal Code.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 8328(e)(1) of Title 24 of the
Pennsylvania Consolidated Statutes is amended to read:
ยง 8328. Actuarial cost method.
* * *
(e) Experience adjustment factor.--
(1) For each year after the establishment of the accrued
liability contribution rate for the fiscal year beginning
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22