Pennsylvania § 8531 State guarantee regarding the system

Pennsylvania Statutes

§ 8531 — State guarantee regarding the system

Pennsylvania § 8531

JurisdictionPennsylvania

Title 24EDUCATION

PartPART IV

Ch. 85ADMINISTRATION AND MISCELLANEOUS PROVISIONS

Subch.MISCELLANEOUS PROVISIONS

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Bluebook

24 Pa. Cons. Stat. § 8531 (2026).

Text

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.

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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.