PRINTER'S NO. 1524
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
1052
Session of
2020
INTRODUCED BY BROWNE, FEBRUARY 6, 2020
REFERRED TO APPROPRIATIONS, FEBRUARY 6, 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, 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, or as much thereof as may
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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. This act shall take effect July 1, 2020, or
immediately, whichever is later.
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