An Act 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.

This bill authorizes funding for the Public School Employees' Retirement Board to cover its operational expenses for the 2024-2025 fiscal year. It allocates $61.4 million from the Public School Employees' Retirement Fund and $1.28 million from the PSERS Defined Contribution Fund to pay for staff salaries, travel, and other necessary costs. The legislation also includes provisions to settle any unpaid bills from the previous fiscal year ending in June 2024.