Bill > SB564

This bill provides for a supplemental annuity for eligible benefit recipients in two different pension systems (education and state government) beginning in 2025. Specifically, the bill offers an additional monthly supplemental annuity to retired members who meet certain criteria: they must be receiving a superannuation, withdrawal, or disability annuity on the specified date (July 1, 2025 for education and January 1, 2025 for state government), have a retirement date prior to July 2, 2001, and not have service credited as Class T-D, Class D-4, or Class AA. The supplemental annuity amount varies based on the most recent retirement date, ranging from 15% to 24.5% of the monthly annuity payment, with higher percentages for earlier retirement dates. The additional annuity will be paid automatically unless the recipient files a written request to opt out. The additional financial liability will be funded by the Commonwealth in equal annual installments over 10 years, starting in 2026 or 2025 depending on the pension system. This supplemental annuity is designed to provide additional financial support to long-time retired public employees and is in addition to existing supplemental annuity provisions.

Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=564