An Act amending Titles 24 (Education), 71 (State Government) and 72 (Taxation and Fiscal Affairs) of the Pennsylvania Consolidated Statutes, in membership, contributions and benefits, providing for supplemental annuity commencing 2025; in benefits, providing for supplemental annuity commencing 2025; providing for special funds and for disposition of Budget Stabilization Reserve Fund; establishing the Budget Stabilization Reserve Fund Interest Account; and making a repeal.

HB 1767 amends Pennsylvania state statutes related to education, government, and taxation to modify retirement benefits for state employees. It establishes a supplemental retirement annuity program that will begin in 2025, affecting current and future state employees covered under the existing pension system. The bill also creates a new "Budget Stabilization Reserve Fund Interest Account" to manage specific state funds and repeals certain existing provisions. These changes primarily impact state employee retirement benefits and state fiscal management procedures.