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, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026.

This bill (SB 1165) provides funding for Pennsylvania's Public School Employees' Retirement Board (PSERS) for the 2026-2027 fiscal year. It appropriates $65.5 million from the main Public School Employees' Retirement Fund to cover the board's general operating expenses, including salaries, travel, and contractual services. Additionally, it allocates $1.5 million from the PSERS Defined Contribution Fund specifically for administering the School Employees' Defined Contribution Plan. The funds will also pay any unpaid bills from the prior fiscal year ending June 2026. This is a procedural funding bill affecting only the PSERS Board's budget operations.