Pennsylvania SB721 amends state statutes to provide supplemental annuities starting in 2025, establish a Budget Stabilization Reserve Fund Interest.
Pennsylvania SB721 amends Titles 24, 71, and 72 of the Pennsylvania Consolidated Statutes to provide for supplemental annuities commencing in 2025 for eligible benefit recipients. It also establishes the Budget Stabilization Reserve Fund Interest Account, which will receive interest from the Budget Stabilization Reserve Fund. The bill specifies that the fund should only be used for emergencies affecting the health, safety, or welfare of Pennsylvania residents or for economic downturns causing significant revenue shortfalls.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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