HB 2499: An Act amending the act of June 2, 1915 (P.L.736, No.338), known as the Workers' Compensation Act, in State Workers' Insurance Fund, further providing for investments by board.
This bill allows the Pennsylvania State Workers' Insurance Fund to invest up to 20% of its assets in equity investments, expanding its current authority which is limited to securities authorized for savings banks. The legislation directly affects the fund's management by permitting the Board of Directors to approve these higher-risk investments to potentially increase returns. All investments must be held by the State Treasurer, who will manage the collection of interest and principal payments based on the Board's authorization. The changes take effect 60 days after the bill becomes law.










