Pennsylvania SB564 provides for a supplemental annuity starting in 2025 for eligible benefit recipients.
Pennsylvania SB564 amends the state's consolidated statutes to introduce a supplemental annuity for eligible benefit recipients starting with the first monthly payment after July 1, 2025. This additional monthly annuity is based on the most recent effective date of retirement and is payable in addition to existing supplemental annuities. The amount of the supplemental annuity varies depending on the retirement date, ranging from 15% to 24.5%.
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