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HB 2407

An Act making appropriations from the Public School Employees' Retirement Fund and from the PSERS Defined Contribution Fund to provide for expenses of the Public School Employees' Retirement Board for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026.

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Summary

**What it does:** This bill allocates money from two retirement funds to cover operating expenses for the Public School Employees' Retirement Board (which manages teacher and school employee pensions) for fiscal year 2026-2027. It also pays any unpaid bills from the previous fiscal year (ending June 30, 2026).

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