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State accumulation account - 24 Pa. Cons. Stat. § 8524

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     § 8524.  State accumulation account.
        The State accumulation account shall be the ledger account to
     which shall be credited all contributions of the Commonwealth
     and other employers as well as the earnings of the fund, except
     the premium assistance contributions and earnings thereon in the
     health insurance account. Valuation interest shall be allowed on
     the total amount of such account less any earnings of the fund
     credited during the year. The reserves necessary for the payment
     of annuities and death benefits as approved by the board and as
     provided in Chapter 83 (relating to membership, contributions
     and benefits) shall be transferred from the State accumulation
     account to the annuity reserve account. At the end of each year
     the required interest shall be transferred from the State
     accumulation account to the credit of the members' savings
     account and the annuity reserve account. The administrative
     expenses of the board shall be charged to the State accumulation
     account.
     (Aug. 5, 1991, P.L.183, No.23, eff. imd.)

        Cross References.  Section 8524 is referred to in sections
     8522, 8525 of this title.

Last modified: November 27, 2007