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PRINTER'S NO. 501 THE GENERAL ASSEMBLY OF PENNSYLVANIA SENATE BILL No. 7 Session of 2015 INTRODUCED BY FOLMER, VOGEL, EICHELBERGER, WARD, HUTCHINSON, VULAKOVICH, BARTOLOTTA, BROWNE, GORDNER, ALLOWAY, AUMENT, STEFANO, WHITE, SCARNATI AND RAFFERTY, FEBRUARY 23, 2015 REFERRED TO FINANCE, FEBRUARY 23, 2015 AN ACT Amending Titles 24 (Education), 71 (State Government) and 72 (Taxation and Fiscal Affairs) of the Pennsylvania Consolidated Statutes, in retirement for school employees as to membership, contributions and benefits, further providing for actuarial cost method; in administration and miscellaneous provisions, further providing for administrative duties of board; in retirement for State employees and officers as to contributions, further providing for actuarial cost method; in administration, funds, accounts, general provisions, further providing for administrative duties of board; providing for taxpayer protection; and repealing certain provisions of the Fiscal Code. The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows: Section 1. Section 8328(e)(1) of Title 24 of the Pennsylvania Consolidated Statutes is amended to read: § 8328. Actuarial cost method. * * * (e) Experience adjustment factor.-- (1) For each year after the establishment of the accrued liability contribution rate for the fiscal year beginning July 1, 2011, any increase or decrease in the unfunded 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

SB 7, PN 501 - Taxpayer Protection Act

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An Act amending Titles 24 (Education), 71 (State Government) and 72 (Taxation and Fiscal Affairs) of the Pennsylvania Consolidated Statutes, in retirement for school employees as to membership, contributions and benefits, further providing for actuarial cost method; in administration and miscellaneous provisions, further providing for administrative duties of board; in retirement for State employees and officers as to contributions, further providing for actuarial cost method; in administration, funds, accounts, general provisions, further providing for administrative duties of board; providing for taxpayer protection; and repealing certain provisions of the Fiscal Code.The Taxpayer Protection Act

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PRINTER'S NO.501 THE GENERAL ASSEMBLY OF PENNSYLVANIASENATE BILL No.7 Session of 2015 INTRODUCED BY FOLMER, VOGEL, EICHELBERGER, WARD, HUTCHINSON, VULAKOVICH, BARTOLOTTA, BROWNE, GORDNER, ALLOWAY, AUMENT, STEFANO, WHITE, SCARNATI AND RAFFERTY, FEBRUARY 23, 2015 REFERRED TO FINANCE, FEBRUARY 23, 2015 AN ACTA!"#$"% T$&'!( 2) *E#+,-&$."/, 01 *S&-&! G.1!2"!"&/ -"# 02 *T-3-&$." -"# F$(,-' A44-$2(/ .4 &5! P!""(6'1-"$- C."(.'$#-&!# S&-&+&!(, $" 2!&$2!!"& 4.2 (,5..' !7'.6!!( -( &. !8!2(5$7, ,."&2$8+&$."( -"# 8!"!4$&(, 4+2&5!2 72.1$#$"% 4.2 -,&+-2$-' ,.(& !&5.#9 $" -#$"$(&2-&$." -"# $(,!''-"!.+( 72.1$($."(, 4+2&5!2 72.1$#$"% 4.2 -#$"$(&2-&$1! #+&$!( .4 8.-2#9 $" 2!&$2!!"& 4.2 S&-&! !7'.6!!( -"# .44$,!2( -( &. ,."&2$8+&$."(, 4+2&5!2 72.1$#$"% 4.2 -,&+-2$-' ,.(& !&5.#9 $" -#$"$(&2-&$.", 4+"#(, -,,.+"&(, %!"!2-' 72.1$($."(, 4+2&5!2 72.1$#$"% 4.2 -#$"$(&2-&$1! #+&$!( .4 8.-2#9 72.1$#$"% 4.2 &-37-6!2 72.&!,&$."9 -"# 2!7!-'$"% ,!2&-$" 72.1$($."( .4 &5! F$(,-' C.#!.T5! G!"!2-' A((!8'6 .4 &5! C..":!-'&5 .4 P!""(6'1-"$- 5!2!86 !"-,&( -( 4.''.:(;S!,&$." 1.S!,&$." >*!/E37!2$!",! -#?+(&!"& 4-,&.2.@@*1/F.2 !-,5 6!-2 -4&!2 &5! !(&-8'$(5!"& .4 &5! -,,2+!# '$-8$'$&6 ,."&2$8+&$." 2-&! 4.2 &5! 4$(,-' 6!-2 8!%$""$"% A+'6 1, 2011, -"6 $",2!-(! .2 #!,2!-(! $" &5! +"4+"#!# 123)5B0