Pennsylvania House Bill HB2407

Pennsylvania 2025-2026 Regular Session

• Introduced: 3/24/26
• Refer: 3/24/26
• Refer: 4/15/26
• Report Pass: 4/27/26
• Engrossed: 4/27/26
• Refer: 5/1/26

Caption

Making appropriations from the Public School Employees' Retirement Fund and from the PSERS Defined Contribution Fund to provide for expenses of the Public School Employees' Retirement Board for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026.

Impact

The enactment of HB2407 will ensure that the Public School Employees' Retirement Board has the necessary funding to fulfill its obligations. This funding is crucial for covering salaries, wages, travel expenses, and other necessary operational costs associated with the board's activities. By allocating these funds, the bill serves to stabilize the financial management of public school employees' retirement benefits and ensures that all expenses incurred in the previous fiscal year are settled.

Summary

House Bill 2407 aims to make appropriations from the Public School Employees' Retirement Fund and the PSERS Defined Contribution Fund. The bill is designed to provide financial resources for the operations of the Public School Employees' Retirement Board during the fiscal year from July 1, 2026, to June 30, 2027. It additionally addresses any outstanding bills incurred by the board by the end of the previous fiscal year, which concluded on June 30, 2026. The total amount appropriated from the Public School Employees' Retirement Fund is $65,537,000, while $1,499,000 is earmarked from the PSERS Defined Contribution Fund.

Contention

While the bill appears straightforward, potential points of contention could arise regarding the adequacy of the appropriations made. Questions may be raised about whether these funds are sufficient given the increasing needs of the retirement board and its beneficiaries, especially in the context of rising costs related to public sector retirement benefits. Stakeholders may also debate the prioritization of these appropriations relative to other pressing educational funding needs within the state.