An Act amending the act of December 14, 1988 (P.L.1192, No.147), known as the Special Ad Hoc Municipal Police and Firefighter Postretirement Adjustment Act, 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.

SB 344 creates a new 2026 special payment for retired municipal police officers and firefighters who began receiving retirement benefits before January 1, 2021. Retirees will receive monthly payments ranging from $75 (5-10 years retired) to $300 (20+ years retired) based on their retirement duration as of January 1, 2026. Municipalities must initially pay these adjustments but will later receive reimbursement from the state, provided they submit required certification by April 1 each year. The bill updates an existing 1988 law to add this new payment tier while clarifying state reimbursement rules for past adjustments.