Relates to supplemental military retirement allowances for members of public retirement systems of the state

This bill establishes a supplemental military retirement allowance for members of public retirement systems who retired before May 31, 2017, and would have been eligible for military service credit. Eligible retirees can apply by December 31, 2025, to receive an additional monthly payment based on their military service credit and retirement allowance, replacing other military service benefits. The allowance is calculated as a percentage of their retirement benefit and is added to their monthly payment. The bill also ensures that this new supplemental allowance is included when calculating cost-of-living adjustments for various public retirement systems, and surviving spouses may receive a portion of the benefit.