Pennsylvania House Bill HB2333

Pennsylvania 2023-2024 Regular Session

• Introduced: 4/10/24
• Refer: 4/10/24
• Refer: 6/25/24
• Report Pass: 6/27/24
• Refer: 6/27/24

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, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

Impact

The approval of HB2333 would facilitate necessary funding to maintain the administrative functions of the Public School Employees' Retirement Board. By providing the earmarked amount of $61,403,000 from the Public School Employees' Retirement Fund and $1,282,000 from the PSERS Defined Contribution Fund, the bill aims to ensure that salaries, travel expenses, and other related costs are covered. This financial support is crucial for the board to manage the pension system effectively and address the needs of public school employees in Pennsylvania.

Summary

House Bill 2333, introduced by Representative Harris on April 10, 2024, is focused on making appropriations from the Public School Employees' Retirement Fund and the PSERS Defined Contribution Fund. The bill seeks to allocate funds for the operational expenses of the Public School Employees' Retirement Board for the upcoming fiscal year from July 1, 2024, to June 30, 2025, while also addressing any outstanding bills from the fiscal year that ends on June 30, 2024. This legislative action is aimed at ensuring the ongoing function and stability of the retirement board's duties.

Sentiment

The sentiment surrounding HB2333 appears largely positive, as it addresses essential needs for funding and governance of the retirement system, which is vital for educators and public school employees. Supporters of the bill have typically emphasized the importance of maintaining effective operation of the retirement system, especially in the context of ensuring benefits for educators. There seems to be a consensus on the necessity of the bill to uphold the financial integrity of the retirement system.

Contention

While there may not be significant points of contention explicitly noted regarding HB2333, any discussions around appropriations in public education funding often bear underlying concerns around the fiscal health of the retirement system and its effects on current and future beneficiaries. Debates may arise regarding the adequacy of funding and the management of retirement resources, but these specifics would require a broader context of discussions around public school funding and retirement benefits.