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Health insurance account - 24 Pa. Cons. Stat. § 8526

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     § 8526.  Health insurance account.
        The health insurance account shall be the ledger account to
     which shall be credited the contributions from the Commonwealth
     and other employers as determined in accordance with section
     8328(f) (relating to actuarial cost method) for the payment of
     health insurance premium assistance for participating eligible
     annuitants as provided in section 8509 (relating to health
     insurance premium assistance program). All earnings derived from
     investment of the assets of the health insurance account shall
     be credited to this account. The board is authorized to
     separately invest the amounts in the health insurance account in
     a prudent manner intended to maximize the safety of the capital
     contained in the health insurance account. The direct
     administrative expenses of the board related to the
     administration of the health insurance program, as provided in
     section 8509, shall be charged to this account.
     (Aug. 5, 1991, P.L.183, No.23, eff. imd.)

        1991 Amendment.  Act 23 added section 8526. Section 32 of Act
     23 provided that if the health insurance program established
     under Act 23 is canceled by statute, any remaining funds shall
     revert to the Public School Employees' Retirement Fund.
        Cross References.  Section 8526 is referred to in sections
     8522, 8902 of this title.

Last modified: November 27, 2007