§ 3838.10. Defined contribution plans and deferred compensation plans
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: November 3, 2022
Effective: November 3, 2022
72 P.S. § 3838.10
§ 3838.10. Defined contribution plans and deferred compensation plans
(a) State Employees' Defined Contribution Plan and Commonwealth's Deferred Compensation Plan.--The provisions and restrictions of this act shall not apply to the State Employees' Defined Contribution Plan established under 71 Pa.C.S. Pt. XXV1 (relating to retirement for State employees and officers), known as the State Employees' Retirement Code, the Commonwealth's Deferred Compensation Plan established under section VIII.2 of the act of March 30, 1811 (P.L. 145, No. 99),2 referred to as the Settlement of Public Accounts Act, or to the individual investment accounts or the funds and investments therein of the participants of the plans, but the State Employees' Retirement Board is authorized to offer to the participants of the plans investment vehicles that would be permitted under this act.
(b) School Employees' Defined Contribution Plan.--The provisions and restrictions of this act shall not apply to the School Employees' Defined Contribution Plan established under 24 Pa.C.S. Ch. 84 (relating to School Employees' Defined Contribution Plan) or to the individual investment accounts or the funds and investments therein of the participants of the plan, but the Public School Employees' Retirement Board is authorized to offer to the participants of the plan investment vehicles that would be permitted under this act.
Credits
2022, Nov. 3, P.L. 1970, No. 132, § 10, imd. effective.
72 P.S. § 3838.10, PA ST 72 P.S. § 3838.10
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
| End of Document |