PRINTER'S NO. 1523
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
1051
Session of
2020
INTRODUCED BY BROWNE, FEBRUARY 6, 2020
REFERRED TO APPROPRIATIONS, FEBRUARY 6, 2020
AN ACT
Making appropriations from the State Employees' Retirement Fund
and from the SERS Defined Contribution Fund to provide for
expenses of the State 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 $31,808,000, or as much thereof as may
be necessary, is hereby appropriated from the State Employees'
Retirement Fund to the State Employees' Retirement Board for the
payment of all salaries, wages and other compensation and travel
expenses of the employees and members of the State 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 $3,852,000, or as much thereof as may
be necessary, is hereby appropriated from the SERS Defined
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Contribution Fund authorized under section 1799.7-E of the act
of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, to
the State Employees' Retirement Board for the payment of all
salaries, wages and other compensation and travel expenses of
the employees and members of the State 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 State Employees'
Defined Contribution Plan established under 71 Pa.C.S. Ch. 58
(relating to State 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 $1,400,000 is hereby appropriated from
the State Employees' Retirement Fund to the State 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. This act shall take effect July 1, 2020, or
immediately, whichever is later.
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