(a) Authority.--From the amounts appropriated but unexpended for school employees' retirement for
fiscal years prior to fiscal year 2017-2018, the sum of $6,801,000 shall be transferred
to the Public School Employees' Retirement System and placed in a restricted account
for use by the board.
(b) Use of funds.--The funds transferred under subsection (a) shall only be used for the purpose of paying
the administrative expenses of the board to establish and implement the Public School
Employees' Defined Contribution Plan established under 24 Pa.C.S. Ch. 84 (relating
to school employees' defined contribution plan).
(c) Nature of funds.--No funds may be transferred under subsection (a) that are otherwise required to be
transferred to the board for any other purpose required by law.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.