The Commonwealth, the board, an employer or a school entity or other political subdivision shall not be responsible for any investment loss incurred under the plan or for the failure of any investment to earn any specific or expected return or to earn as much as any other investment opportunity or to cost less than any other investment opportunity, whether or not such other opportunity was offered to participants in the plan.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 84 - School Employees' Defined Contribution Plan
Section 8403 - Individual investment accounts
Section 8404 - Participant contributions
Section 8405 - Mandatory pickup participant contributions
Section 8406 - Employer defined contributions
Section 8407 - Eligibility for benefits
Section 8410 - Termination of distributions
Section 8411 - Powers and duties of board
Section 8412 - Responsibility for investment loss
Section 8413 - Investments based on participant's investment allocation choices