Section 1706-N. Payment of supplemental annuity and special ad hoc postretirement adjustment.
Notwithstanding 4 Pa.C.S. § 13B52(d)(3) (relating to interactive gaming tax), beginning in fiscal year 2027-2028 and each fiscal year thereafter, the Department of Revenue shall distribute the money that would otherwise be deposited under 4 Pa.C.S. § 13B52(d)(3) in the following order:
(1) First, the Department of Revenue shall deposit into the 2026 Special Ad Hoc Postretirement Adjustment Account established under section 1703-N(g) an amount equal to the amount certified by the Auditor General under section 1703-N(f).
(2) Second, the Department of Revenue shall take the following actions:
(i) Pay to the Public School Employees' Retirement System the amount of the annual installment certified to the Department of Revenue under section 1704-N(f)(1).
(ii) Pay to the State Employees' Retirement System the amount of the annual installment certified to the Department of Revenue under section 1705-N(f)(1).
(3) Third, the Department of Revenue shall deposit the remaining money into a restricted receipts account to be established in the Commonwealth Financing Authority to be used exclusively for grants for projects in the public interest in this Commonwealth.
(1706-N added July 12, 2026, P.L.265, No.21)