Pennsylvania § 5803 Individual investment accounts

Pennsylvania Statutes

§ 5803 — Individual investment accounts

Pennsylvania § 5803

Title 71STATE GOVERNMENT

PartPART XXV

Ch. 58STATE EMPLOYEES' DEFINED CONTRIBUTION PLAN

This text of Pennsylvania § 5803 (Individual investment accounts) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

71 Pa. Cons. Stat. § 5803 (2026).

Text

The board shall establish in the trust an individual investment account for each participant in the plan. All contributions by a participant or an employer for or on behalf of a participant shall be credited to the participant's individual investment account, together with all interest and investment earnings and losses. Investment and administrative fees, costs and expenses shall be charged to the participants' individual investment accounts except as otherwise provided under this part or as the General Assembly otherwise provides by appropriations from the General Fund. Employer defined contributions shall be recorded and accounted for separately from participant contributions, but all interest, investment earnings and losses, and investment and administrative fees, costs and expenses ch

Free access — add to your briefcase to read the full text and ask questions with AI

The board shall establish in the trust an individual investment account for each participant in the plan. All contributions by a participant or an employer for or on behalf of a participant shall be credited to the participant's individual investment account, together with all interest and investment earnings and losses. Investment and administrative fees, costs and expenses shall be charged to the participants' individual investment accounts except as otherwise provided under this part or as the General Assembly otherwise provides by appropriations from the General Fund. Employer defined contributions shall be recorded and accounted for separately from participant contributions, but all interest, investment earnings and losses, and investment and administrative fees, costs and expenses charged against individual investment accounts shall be allocated proportionately.

Legislative History

(Oct. 29, 2020, P.L.775, No.94, eff. imd.) Applicability.See section 4 of Act 94 of 2020 in the appendix to this title for special provisions relating to applicability. Cross References.Section 5804 is referred to in sections 5302, 5805 of this title.