The required interest charges payable, the maintenance of reserves in the fund, and the payment of all annuities and other benefits granted by the board from the system under the provisions of this part relating to the establishment and administration of the system are hereby made obligations of the Commonwealth. All income, interest, and dividends derived from deposits and investments of the system authorized by this part shall be used for the payment of the said obligations of the Commonwealth and shall not be used for any obligation of the plan or trust.
(June 12, 2017, P.L.11, No.5, eff. imd.)
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 59 - Administration, Funds, Accounts, General Provisions
Section 5901 - The State Employees' Retirement Board
Section 5902 - Administrative duties of the board
Section 5904 - Duties of the board to report to the Public School Employees' Retirement Board
Section 5905 - Duties of the board regarding applications and elections of members and participants
Section 5905.1 - Installment payments of accumulated deductions
Section 5906 - Duties of heads of departments
Section 5907 - Rights and duties of State employees, members and participants
Section 5908 - Rights and duties of annuitants
Section 5909 - Stress test of system
Section 5931 - Management of fund and accounts
Section 5932 - State Employees' Retirement Fund
Section 5933 - Members' savings account
Section 5934 - State accumulation account
Section 5935 - Annuity reserve account
Section 5936 - State Police benefit account
Section 5937 - Enforcement officers' benefit account
Section 5938 - Supplemental annuity account
Section 5939 - Interest reserve account
Section 5940 - Northern Ireland-related investments
Section 5941 - Benefits completion plan
Section 5951 - State guarantee regarding the system
Section 5952 - State supervision
Section 5953 - Taxation, attachment and assignment of funds
Section 5953.1 - Approval of domestic relations orders
Section 5953.2 - Irrevocable beneficiary
Section 5953.3 - Irrevocable survivor annuitant
Section 5953.4 - Amendment of approved domestic relations orders
Section 5953.5 - Transfer of domestic relations orders against county pension plans
Section 5953.6 - Irrevocable successor payee
Section 5954 - Fraud and adjustment of errors
Section 5955 - Construction of part
Section 5955.1 - Construction of part with respect to older workers protection
Section 5955.2 - Construction of part with respect to the Internal Revenue Code
Section 5956 - Provisions severable
Section 5957 - Independent Fiscal Office study
Section 5958 - Public Pension Management and Asset Investment Review Commission