Pennsylvania HB1767 amends the state's budget stabilization fund, establishes an interest account, and provides for supplemental annuities starting.

Pennsylvania HB1767 amends the state's budget stabilization fund, establishes the Budget Stabilization Reserve Fund Interest Account, and provides for supplemental annuities starting in 2025. The bill specifies that the interest account will transfer funds to the General Fund annually starting July 1, 2025, for supplemental annuities. It also outlines the criteria for eligible benefit recipients, including those receiving a superannuation, withdrawal, or disability annuity on July 1, 2025, with certain retirement dates and service exclusions.

Pennsylvania HB1767 amends the state's budget stabilization fund, establishes an interest account, and provides for supplemental annuities starting.

Pennsylvania HB1767 amends the state's budget stabilization fund, establishes the Budget Stabilization Reserve Fund Interest Account, and provides for supplemental annuities starting in 2025. The bill specifies that the interest account will transfer funds to the General Fund annually starting July 1, 2025, for supplemental annuities. It also outlines the criteria for eligible benefit recipients, including those receiving a superannuation, withdrawal, or disability annuity on July 1, 2025, with certain retirement dates and service exclusions.