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2020 Pennsylvania Consolidated & Unconsolidated Statutes
Title 24 - EDUCATION
Chapter 85 - Administration and Miscellaneous Provisions
Section 8531 - State guarantee regarding the system
Universal Citation: 24 PA Cons Stat § 8531 (2020)
§ 8531. State guarantee regarding the system.
Statutory interest charges payable, the maintenance of reserves in the fund, and the payment of all annuities and other benefits granted by the board from the system under the provisions of this part relating to the establishment and administration of the system are hereby made obligations of the Commonwealth. All income, interest, and dividends derived from deposits and investments of the system authorized by this part shall be used for the payment of the said obligations of the Commonwealth and shall not be used for any obligations of the plan or trust.
(June 12, 2017, P.L.11, No.5, eff. imd.)
Cross References. Section 8531 is referred to in sections 8502.2, 9101 of this title.
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