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PA HR30
Resolution
Status
1/28/2025
Primary Sponsor
Robert Merski
Click for details
AI Summary
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Directs the Legislative Budget and Finance Committee to study early retirement options for SERS and PSERS members who are 55+ years old or have at least 30 years of service
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Requires analysis of potential cost savings if early retirement were offered for 1-year, 5-year, or 10-year periods
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Study must examine impacts on workforce skills and experience within state agencies and school districts, plus alternatives for maintaining adequate staffing
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Previous 1992-1993 early retirement incentive for public school employees saved approximately $216 million in salaries but increased pension liability by $284 million
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Report due to the State Government Committee in a public forum one year after adoption, then distributed to all General Assembly members and the Governor
Legislative Description
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.
Last Action
Laid on the table (Pursuant to House Rule 71)
5/4/2025