Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
Title71 STATE GOVERNMENT |
PARTXXV. RETIREMENT FOR STATE EMPLOYEES AND OFFICERS |
CHAPTER59. ADMINISTRATION, FUNDS, ACCOUNTS, GENERAL PROVISIONS |
SUBCHAPTERE. GENERAL PROVISIONS |
§5951. State guarantee.
Latest version.
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The required 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.