Pennsylvania SB565 provides supplemental annuities for eligible retirees starting in 2025 and 2026.
Pennsylvania SB565 amends the state's statutes to provide additional monthly supplemental annuities for eligible benefit recipients starting in 2025 and 2026. The bill specifies that these supplemental annuities are in addition to existing ones and are calculated based on the Consumer Price Index for All Urban Consumers (CPI-U) for the Pennsylvania, New Jersey, Delaware, and Maryland area. The supplemental annuities will be paid automatically unless the annuitant opts out by filing a written notice.
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