Section 1799.7-E. State Employees' Retirement System.
(a) Authority.--Notwithstanding any other law to the contrary, the State Employees' Retirement Board shall receive, as part of the amounts transferred to the board, an amount of $5,269,000 to be placed in a restricted account for use by the board.
(b) Use of funds.--The funds shall only be expended for the purpose of paying the administrative expenses of the board to establish and implement the State Employees' Defined Contribution Plan established under 71 Pa.C.S. Ch. 58 (relating to State employees' defined contribution plan).
(c) Nature of funds.--No funds may be transferred under subsection (a) that are otherwise required to be transferred to the board for any other purpose required by law.
(d) Annual stress test of system.--Notwithstanding 71 Pa.C.S. § 5909 (relating to stress test of system):
(1) The State Employees' Retirement Board shall, as required under 71 Pa.C.S. § 5909(a), conduct the annual stress test of the State Employees' Retirement System and submit the results of the stress test no later than October 1 of each year.
(2) The Independent Fiscal Office shall produce the report required under 71 Pa.C.S. § 5909(b) no later than December 1 of each year.
(1799.7-E amended July 12, 2026, P.L.265, No.21)