Requires temporary benefit enhancement to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PFRS; makes appropriation.

This bill provides temporary $1,000 payments to eligible retirees and beneficiaries of New Jersey's Police and Firemen's Retirement System (PFRS) whose monthly benefits are at or below 450% of the federal poverty level for a single-person household. The payments are required for two consecutive fiscal years (2025 and 2026), paid once each year as a separate addition to regular benefits. The state will fund these payments through a dedicated appropriation from the General Fund, with costs covering both benefits and administrative expenses. It directly affects low-income PFRS retirees and beneficiaries meeting the income threshold, without altering existing retirement benefit formulas.