PRIOR PRINTER'S NO. 3684
PRINTER'S NO. 3842
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2471
Session of
2020
INTRODUCED BY SAYLOR, APRIL 30, 2020
AS RE-REPORTED FROM COMMITTEE ON APPROPRIATIONS, HOUSE OF
REPRESENTATIVES, AS AMENDED, MAY 26, 2020
AN ACT
Making appropriations from the Public School Employees'
Retirement Fund and from the PSERS Defined Contribution Fund
to provide for expenses of the Public School Employees'
Retirement Board for the fiscal year July 1, 2020, to June
30, 2021, and for the payment of bills incurred and remaining
unpaid at the close of the fiscal year ending June 30, 2020.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The sum of $51,838,000 $52,294,000, or as much
thereof as may be necessary, is hereby appropriated from the
Public School Employees' Retirement Fund to the Public School
Employees' Retirement Board for the payment of all salaries,
wages and other compensation and travel expenses of the
employees and members of the Public School Employees' Retirement
Board, for contractual services and other expenses necessary for
the proper conduct of the duties, functions and activities of
the board for the fiscal year beginning July 1, 2020, and for
the payment of bills incurred and remaining unpaid at the close
of the fiscal year ending June 30, 2020.
Section 2. The sum of $2,454,000 $1,083,000, or as much
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thereof as may be necessary, is hereby appropriated from the
PSERS Defined Contribution Fund authorized under section 1799.8-
E of the act of April 9, 1929 (P.L.343, No.176), known as The
Fiscal Code, to the Public School Employees' Retirement Board
for the payment of all salaries, wages and other compensation
and travel expenses of the employees and members of the Public
School Employees' Retirement Board, for contractual services and
other expenses necessary for the proper conduct of the duties,
functions and activities of the board related to the
administration of the School Employees' Defined Contribution
Plan established under 24 Pa.C.S. Ch. 84 (relating to School
Employees' Defined Contribution Plan) for the fiscal year
beginning July 1, 2020, and for the payment of bills incurred
and remaining unpaid at the close of the fiscal year ending June
30, 2020.
Section 3. The sum of $4,000,000 is hereby appropriated from
the Public School Employees' Retirement Fund to the Public
School Employees' Retirement Board for any contractual services
and all expenses necessary for the proper conduct of the duties,
functions and activities of the board related to investment
office consolidation for the fiscal year beginning July 1, 2020.
Section 4 3. This act shall take effect July 1, 2020, or
immediately, whichever is later.
20200HB2471PN3842 - 2 -
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