Bill Information

An Act amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes, further providing, in the Public School Employees' Retirement Code, for creditable nonschool service, for eligibility for special early retirement, for actuarial cost determinations, for termination of annuities, for the Public School Employees' Retirement Board, and for management of the Public School Employees' Retirement Fund; further providing, in the Public Employees' Retirement Code, for definitions, for membership in the State Employees' Retirement System, for retention and reinstatement service credits, for creditable nonstate service, for early retirement, for purchase of credit for creditable nonstate service, for actuarial cost determinations, for the State Employees' Retirement Board, for duties of department heads, for management of the State Employees' Retirement Fund, and for construction of the code; authorizing certain investments; and providing for legal counsel for the Public School Employees' Retirement Board and the State Employees' Retirement Board.