PA HB1460

Legislative Description

Amending Titles 24 (Education) and 71 (State Government) of the Pennsylvania Consolidated Statutes as follows: In Title 24: for retirement for school employees, in preliminary provisions, further providing for definitions; in membership, contributions and benefits, providing for nonparticipatory employer withdraw liability and further providing for actuarial cost method; in School Employees' Defined Contribution Plan, further providing for vesting; and, in administration and miscellaneous provisions, further providing for administrative duties of board, for payments to school entities by Commonwealth commencing with the 2019-2020 school year and providing for delinquent payments. In Title 71: for retirement for State employees and officers, in membership, credited service, classes of service and eligibility for benefits regarding administration of the State Employees' Retirement Fund, further providing for election to become a Class A-6 member or solely a participant in the plan and for eligibility for death benefits; in benefits, further providing for maximum single life annuity; and, in administration of funds, accounts and general provisions, further providing for administrative duties of the board.

Last Action

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