Bill Text: PA SB1310 | 2009-2010 | Regular Session | Introduced

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Bill Title: In administration, further providing for administrative duties of board.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2010-04-08 - Referred to FINANCE [SB1310 Detail]

Download: Pennsylvania-2009-SB1310-Introduced.html

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PRINTER'S NO. 1826
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 1310 Session of2010
INTRODUCED BY RAFFERTY, ORIE, WAUGH, BOSCOLA, TARTAGLIONE, MENSCH, YAW AND KASUNIC, APRIL 8, 2010
REFERRED TO FINANCE, APRIL 8, 2010
AN ACT
Amending Titles 24 (Education) and 71 (State Government) of the
Pennsylvania Consolidated Statutes, in administration,
further providing for administrative duties of board.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 8502(a)(2) and (b) of Title 24 of the
Pennsylvania Consolidated Statutes are amended to read:
§ 8502. Administrative duties of board.
(a) Employees.--
* * *
(2) Notwithstanding any other provision of law, the
compensation of investment professionals shall be established
by the board. The compensation of all other officers and
employees of the board who are not covered by a collective
bargaining agreement shall be established by the board
consistent with the standards of compensation established by
the Executive Board of the Commonwealth. Under no
circumstances may the board pay compensation in the form of a
bonus to the investment professionals or other officers or
employees of the board.
(b) Professional personnel.--The board shall contract for
the services of a chief medical examiner, an actuary, investment
advisors, counselors, an investment coordinator, and such other
professional personnel as it deems advisable and shall be
prohibited from paying compensation to them in the form of a
bonus.
* * *
Section 2. Section 5902(a)(2) and (b) of Title 71 are
amended to read:
§ 5902. Administrative duties of the board.
(a) Employees.--
* * *
(2) Notwithstanding any other provisions of law, the
compensation of investment professionals shall be established
by the board. The compensation of all other officers and
employees of the board who are not covered by a collective
bargaining agreement shall be established by the board
consistent with the standards of compensation established by
the Executive Board of the Commonwealth. Under no
circumstances may the board pay compensation in the form of a
bonus to the investment professionals or other officers or
employees of the board.
* * *
(b) Professional personnel.--The board shall contract for
the services of a chief medical examiner, an actuary, investment
advisors and counselors, and such other professional personnel
as it deems advisable and shall be prohibited from paying
compensation to them in the form of a bonus. The board may, with
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the approval of the Attorney General, contract for legal
services.
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Section 3. This act shall take effect in 60 days.
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