(a)

(1) In addition to the appropriation required pursuant to

Section 20814, the Legislature hereby appropriates three hundred thirty-seven million dollars ($337,000,000) from the General Fund, for the purposes described in subclause (IV) of clause (ii) of subparagraph (

B) of paragraph (1) of subdivision (

c) of

Section of

Article XVI of the California Constitution to supplement the state’s appropriation to the Public Employees’ Retirement Fund. The appropriation made by this

section represents a portion of the amount identified in paragraph (3) of subdivision (

d) of

Section 35.50 of the Budget Act of 2024. The appropriation shall be consistent with the requirements of this

section and at the direction of the Department of Finance. The Department of Finance shall provide to the Controller a

schedule establishing the timing of specific transfers to be used as described in subdivision (b).

(2) The supplemental payment to the Public Employees’ Retirement Fund described in paragraph (1) shall be apportioned to the following state employee member categories, as directed by the Department of Finance, not to exceed the following amounts: (

A) One hundred eighty million ninety-eight thousand dollars ($180,098,000) to the state miscellaneous member category. (

B) Nine million one hundred twenty-five thousand dollars ($9,125,000) to the state industrial member category. (

C) Twenty-one million one hundred sixty-seven thousand dollars ($21,167,000) to the state safety member category. (

D) One hundred twenty-six million six hundred ten thousand dollars ($126,610,000) to the state peace officer/firefighter member category. (

b) The appropriation made in paragraph (1) of subdivision (

a) shall be applied to the unfunded state liabilities for the state employee member categories described in paragraph (2) of subdivision (

a) that are in excess of the base amounts for the 2024–25 fiscal year.