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

This bill creates a new supplemental military retirement allowance for public employees who retired before May 31, 2016, allowing them to apply for the benefit by December 31, 2024. The allowance is calculated based on the retiree's service credit and is capped at a maximum of $15,000 per year, replacing any previous military service credit they held. Additionally, the legislation updates the rules for cost-of-living adjustments across various retirement systems to include this new supplemental benefit in future calculations.