HB 2407 — 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, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026.

PRINTER'S NO.   3083

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                         HOUSE BILL
                         No. 2407
                                               Session of
                                                 2026

     INTRODUCED BY J. HARRIS, MARCH 24, 2026

     REFERRED TO COMMITTEE ON APPROPRIATIONS, MARCH 24, 2026


                                    AN ACT
 1   Making appropriations from the Public School Employees'
 2      Retirement Fund and from the PSERS Defined Contribution Fund
 3      to provide for expenses of the Public School Employees'
 4      Retirement Board for the fiscal year July 1, 2026, to June
 5      30, 2027, and for the payment of bills incurred and remaining
 6      unpaid at the close of the fiscal year ending June 30, 2026.
 7      The General Assembly of the Commonwealth of Pennsylvania
 8   hereby enacts as follows:
 9      Section 1.    The sum of $65,537,000, or as much thereof as may
10   be necessary, is hereby appropriated from the Public School
11   Employees' Retirement Fund to the Public School Employees'
12   Retirement Board for the payment of all salaries, wages and
13   other compensation and travel expenses of the employees and
14   members of the Public School Employees' Retirement Board, for
15   contractual services and other expenses necessary for the proper
16   conduct of the duties, functions and activities of the board for
17   the fiscal year beginning July 1, 2026, and for the payment of
18   bills incurred and remaining unpaid at the close of the fiscal
19   year ending June 30, 2026.
20      Section 2.    The sum of $1,499,000, or as much thereof as may
 1   be necessary, is hereby appropriated from the PSERS Defined
 2   Contribution Fund authorized under section 1799.8-E of the act
 3   of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, to
 4   the Public School Employees' Retirement Board for the payment of
 5   all salaries, wages and other compensation and travel expenses
 6   of the employees and members of the Public School Employees'
 7   Retirement Board, for contractual services and other expenses
 8   necessary for the proper conduct of the duties, functions and
 9   activities of the board related to the administration of the
10   School Employees' Defined Contribution Plan established under 24
11   Pa.C.S. Ch. 84 (relating to School Employees' Defined
12   Contribution Plan) for the fiscal year beginning July 1, 2026,
13   and for the payment of bills incurred and remaining unpaid at
14   the close of the fiscal year ending June 30, 2026.
15      Section 3.   This act shall take effect July 1, 2026, or
16   immediately, whichever is later.




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