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PA SB344
Bill
Status
2/26/2025
Primary Sponsor
Tracy Pennycuick
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AI Summary
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Municipal retirement systems must pay special ad hoc postretirement adjustments to retired police officers and firefighters who began receiving benefits before January 1, 2021
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Monthly adjustment amounts based on years retired as of January 1, 2026: $75/month for 5-9 years retired, $150/month for 10-19 years retired, $300/month for 20+ years retired
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Adjustment amounts reduced annually by 65% of any postretirement adjustments the retiree received under their municipal plan between December 31, 2001 and January 1, 2026
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Commonwealth will reimburse municipalities for the amortization contribution costs attributable to these adjustments, with municipalities required to certify reimbursable amounts to the Auditor General by April 1 each year
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Adjustments take effect with the first retirement benefit payment after December 31, 2025, with back payments required for any initially omitted amounts
Legislative Description
Providing for 2026 special ad hoc municipal police and firefighter postretirement adjustment; in financing of special ad hoc adjustment, further providing for reimbursement by Commonwealth for 2002 special ad hoc adjustment; and, in administrative provisions, further providing for municipal retirement system certification of adjustments paid and of reimbursable amounts and for municipal receipt of reimbursement payment.
Last Action
Re-referred to Appropriations
6/24/2025