Pennsylvania § 5814 - Investments based on participant's investment allocation choices.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 5814 — Investments based on participant's investment allocation choices., with citation guidance and answers to common questions.
§ 5814. Investments based on participant's investment allocation choices.
(a) Investment by participant.--All contributions, interest and investment earnings shall be invested based on a participant's investment allocation choices, provided that the board may provide for a default investment option. All investment allocation choices shall be credited proportionally between participant contributions and employer defined contributions. Each participant shall be credited individually with the amount of contributions, interest and investment earnings.
(b) Investment of contributions made by entities other than the Commonwealth.--Investment of contributions by any corporation, institution, insurance company, custodial bank or other entity that the board has approved shall not be unreasonably delayed, and in no case may the investment of contributions be delayed more than 30 days from the date of payroll deduction or the date voluntary contributions are made to the date that funds are invested. Any interest earned on the funds pending investment shall be used to pay administrative fees, costs and expenses of the plan.
(Oct. 29, 2020, P.L.775, No.94, eff. imd.)
2020 Amendment. Act 94 amended subsec. (b). See section 4 of Act 94 in the appendix to this title for special provisions relating to applicability.
Cross References. Section 5814 is referred to in sections 5815, 5902 of this title.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 5814
What does Pennsylvania Consolidated Statutes § 5814 cover?
Section 5814 ("Investments based on participant's investment allocation choices.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 5814?
A common citation format is "Pennsylvania Consolidated Statutes § 5814" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 5814 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.