Bill > SB344

This bill provides a special ad hoc postretirement adjustment for retired police officers and firefighters in municipal retirement systems for the year 2026. Specifically, the bill establishes eligibility criteria for retired police and firefighters to receive a monthly supplemental payment based on their years of retirement: $75 per month for those retired 5-10 years, $150 per month for those retired 10-20 years, and $300 per month for those retired 20 years or more. The bill includes provisions to prevent double-dipping by limiting total adjustments if a retiree is part of multiple municipal retirement systems, and it reduces the adjustment amount by 65% of any post-2001 retirement adjustments already received. The bill also updates the Commonwealth's reimbursement process for these special adjustments, requiring municipalities to certify their reimbursable amounts to the Auditor General by April 1st of the following year and mandating that reimbursement payments be deposited into the municipality's general fund. The special ad hoc postretirement adjustment will become effective for retirement benefit payments made after December 31, 2025, with provisions to retroactively include any missed payments. The legislation amends the existing Special Ad Hoc Municipal Police and Firefighter Postretirement Adjustment Act to implement these changes.

Budget and Finance, Justice

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=344