PRINTER'S NO. 4599
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE RESOLUTION
No.
1085
Session of
2020
INTRODUCED BY MERSKI, KINSEY, CALTAGIRONE, WILLIAMS, T. DAVIS,
FREEMAN, LONGIETTI AND MILLARD, NOVEMBER 10, 2020
REFERRED TO COMMITTEE ON STATE GOVERNMENT, NOVEMBER 10, 2020
A RESOLUTION
Directing the Legislative Budget and Finance Committee to
conduct a cost analysis study of an early retirement proposal
for members of the State Employees' Retirement System and the
Public School Employees' Retirement System.
WHEREAS, In the past, the State Employees' Retirement System
(SERS) and the Public School Employees' Retirement System
(PSERS) have allowed members, on occasion, to take an early
retirement during a certain time period so long as the members
met specific requirements; and
WHEREAS, In 1992 and 1993, an early retirement incentive was
offered to public school employees in this Commonwealth which
saved approximately $216 million in salaries but increased the
pension liability by $284 million; and
WHEREAS, A study was conducted by the Legislative Budget and
Finance Committee in 2005 in which the advantages and
disadvantages of allowing for early retirement from SERS and
PSERS were analyzed fiscally and actuarially to determine if an
early retirement option should be established for State and
public school employees; and
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