HR 30 — A Resolution 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.

PRINTER'S NO.   337

                  THE GENERAL ASSEMBLY OF PENNSYLVANIA



           HOUSE RESOLUTION
              No. 30
                                              Session of
                                                2025

     INTRODUCED BY MERSKI, GIRAL, PIELLI, HILL-EVANS, KHAN, SANCHEZ,
        NEILSON, HADDOCK, JAMES, CIRESI, HARKINS AND DELLOSO,
        JANUARY 28, 2025

     REFERRED TO COMMITTEE ON STATE GOVERNMENT, JANUARY 28, 2025


                               A RESOLUTION
 1   Directing the Legislative Budget and Finance Committee to
 2      conduct a cost analysis study of an early retirement proposal
 3      for members of the State Employees' Retirement System and the
 4      Public School Employees' Retirement System.
 5      WHEREAS, In the past, the State Employees' Retirement System
 6   (SERS) and the Public School Employees' Retirement System
 7   (PSERS) have allowed members, on occasion, to take an early
 8   retirement during a certain time period so long as the members
 9   met specific requirements; and
10      WHEREAS, In 1992 and 1993, an early retirement incentive was
11   offered to public school employees in this Commonwealth which
12   saved approximately $216 million in salaries but increased the
13   pension liability by $284 million; and
14      WHEREAS, A study was conducted by the Legislative Budget and
15   Finance Committee in 2006 in which the advantages and
16   disadvantages of allowing for early retirement from SERS and
17   PSERS were analyzed fiscally and actuarially to determine if an
18   early retirement option should be established for State and
 1   public school employees; and
 2      WHEREAS, Additional studies on the benefits or drawbacks of
 3   an early retirement option have not been conducted since 2005;
 4   therefore be it
 5      RESOLVED, That the House of Representatives direct the
 6   Legislative Budget and Finance Committee to conduct a cost
 7   analysis study of an early retirement proposal for members of
 8   the State Employees' Retirement System and the Public School
 9   Employees' Retirement System who are 55 years of age or older or
10   who have at least 30 years of service; and be it further
11      RESOLVED, That the analysis include:
12          (1)   the possible cost savings for the Commonwealth if
13      early retirement were allowed for the span of one year, five
14      years or ten years;
15          (2)   the value of early retirement programs in providing
16      employment for younger workers;
17          (3)   the potential impacts on the mix of critical skills
18      and experience within Commonwealth agencies and school
19      districts and the various alternatives to maintaining or
20      ensuring adequate staffing in the context of retirement
21      enhancements; and
22          (4)   the past impact of early retirement incentives on
23      budgets and workforce needs;
24   and be it further
25      RESOLVED, That a report on the study be submitted to the
26   State Government Committee in a public forum one year after the
27   adoption of this resolution and that the report be disseminated
28   promptly thereafter to all members of the General Assembly and
29   the Governor for consideration.



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