Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
Title24 EDUCATION |
PARTIV. RETIREMENT FOR SCHOOL EMPLOYEES |
CHAPTER85. ADMINISTRATION AND MISCELLANEOUS PROVISIONS |
SUBCHAPTERC. MISCELLANEOUS PROVISIONS |
§8531. State guarantee.
Latest version.
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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 under the provisions of this part are hereby made obligations of the Commonwealth. All income, interest, and dividends derived from deposits and investments authorized by this part shall be used for the payment of the said obligations of the Commonwealth.
Notation
Cross References. Section 8531 is referred to in sections 8502.2, 9101 of this title.