An Act making appropriations from the State Employees' Retirement Fund and from the SERS Defined Contribution Fund to provide for expenses of the State 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 allocates state funds to cover the operating expenses of the State Employees' Retirement Board for the 2024-2025 fiscal year. It distributes $39.8 million from the State Employees' Retirement Fund and $6.0 million from the SERS Defined Contribution Fund to pay for staff salaries, travel, and other necessary costs. The legislation also authorizes the use of these funds to settle any unpaid bills from the previous fiscal year. These financial provisions ensure the board can continue administering retirement benefits for state employees.