Pennsylvania HB2408 appropriates funds from the State Employees' Retirement Fund and SERS Defined Contribution Fund for fiscal year 2026-2027.
HB2408 allocates $43,176,000 from the State Employees' Retirement Fund and $2,879,000 from the SERS Defined Contribution Fund to cover expenses of the State Employees' Retirement Board for the fiscal year beginning July 1, 2026. These funds are intended for salaries, wages, travel expenses, contractual services, and other necessary expenses for the board's administration of the State Employees' Defined Contribution Plan. The bill also provides for the payment of any outstanding bills from the previous fiscal year ending June 30, 2026.
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