This bill appropriates additional funds to the Public Employee Retirement System (PERSI) for the fiscal year 2026, specifically from July 1, 2025, to June 30, 2026. The total amount allocated is $3,641,000, which includes $3,615,600 for retirement administration from the PERSI Administrative Fund and $25,400 for portfolio investment from the PERSI Special Fund.

Furthermore, the bill declares an emergency, allowing it to take effect immediately on July 1, 2025. This expedited implementation underscores the urgency of providing the necessary financial support to the retirement system.