An Act requiring school districts to provide annual notice relating to certain pension and other postemployment benefit obligations; and providing for property disclosure statement and for duty of State Real Estate Commission.

HB 51, the Property Tax Pension Obligation Disclosure Act, requires Pennsylvania school districts to annually calculate and publicly disclose the amount of unfunded pension and retirement benefits per $100,000 in residential property value. This disclosure must appear on school district websites, in annual financial reports, and on property tax notices. The bill also mandates that home sellers include these calculations on standard real estate disclosure forms during property sales. It directly affects school districts (for reporting) and home sellers (for disclosure during transactions).