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2020 Pennsylvania Consolidated & Unconsolidated Statutes
Title 24 - EDUCATION
Chapter 84 - School Employees' Defined Contribution Plan
Section 8412 - Responsibility for investment loss
Universal Citation: 24 PA Cons Stat § 8412 (2020)
§ 8412. Responsibility for investment loss.
The Commonwealth, the board, an employer or a school entity or other political subdivision shall not be responsible for any investment loss incurred under the plan or for the failure of any investment to earn any specific or expected return or to earn as much as any other investment opportunity or to cost less than any other investment opportunity, whether or not such other opportunity was offered to participants in the plan.
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