Pennsylvania SB1327 amends retirement provisions for school employees, clarifying ineligible entities and imposing a removal fee.

Pennsylvania SB1327 amends the definitions and membership rules for school employee retirement. It specifies that only governmental entities can be part of the retirement system, excluding associations and nonprofits. Employees hired after the effective date by ineligible entities cannot participate. The bill also imposes a one-time administrative removal fee on ineligible entities, up to 5% of their potential withdrawal liability, to cover administrative costs.

Pennsylvania SB1327 amends retirement provisions for school employees, clarifying ineligible entities and imposing a removal fee.

Pennsylvania SB1327 amends the definitions and membership rules for school employee retirement. It specifies that only governmental entities can be part of the retirement system, excluding associations and nonprofits. Employees hired after the effective date by ineligible entities cannot participate. The bill also imposes a one-time administrative removal fee on ineligible entities, up to 5% of their potential withdrawal liability, to cover administrative costs.