diff --git a/CRM/Admin/Form/Preferences/Mailing.php b/CRM/Admin/Form/Preferences/Mailing.php
index 726a31dd4e208c44ff6603e72e1fd65ee5e00400..23cc19a9b8cba73b48f717382b9f0c728f49328d 100644
--- a/CRM/Admin/Form/Preferences/Mailing.php
+++ b/CRM/Admin/Form/Preferences/Mailing.php
@@ -35,6 +35,7 @@ class CRM_Admin_Form_Preferences_Mailing extends CRM_Admin_Form_Preferences {
     'auto_recipient_rebuild' => CRM_Core_BAO_Setting::MAILING_PREFERENCES_NAME,
     'url_tracking_default' => CRM_Core_BAO_Setting::MAILING_PREFERENCES_NAME,
     'open_tracking_default' => CRM_Core_BAO_Setting::MAILING_PREFERENCES_NAME,
+    'scheduled_reminder_smarty' => CRM_Core_BAO_Setting::MAILING_PREFERENCES_NAME,
   ];
 
   public function postProcess() {
diff --git a/CRM/Core/BAO/ActionSchedule.php b/CRM/Core/BAO/ActionSchedule.php
index 04c08c59a08bee02549332103bf2967cba50a47c..8307501bb60d56d50d0fb6c7e92884b0b6bbb2de 100644
--- a/CRM/Core/BAO/ActionSchedule.php
+++ b/CRM/Core/BAO/ActionSchedule.php
@@ -631,7 +631,7 @@ FROM civicrm_action_schedule cas
       'controller' => __CLASS__,
       'actionSchedule' => $schedule,
       'actionMapping' => $mapping,
-      'smarty' => TRUE,
+      'smarty' => Civi::settings()->get('scheduled_reminder_smarty'),
       'schema' => ['contactId'],
     ]);
     $tp->addMessage('body_text', $schedule->body_text, 'text/plain');
diff --git a/CRM/Upgrade/Incremental/php/FiveSixty.php b/CRM/Upgrade/Incremental/php/FiveSixty.php
index 977d68b077828ffd18e9e1f9edb53ff278d257b5..e9a690896cd8e2e4118f11139b3338188a906233 100644
--- a/CRM/Upgrade/Incremental/php/FiveSixty.php
+++ b/CRM/Upgrade/Incremental/php/FiveSixty.php
@@ -29,6 +29,18 @@ class CRM_Upgrade_Incremental_php_FiveSixty extends CRM_Upgrade_Incremental_Base
    */
   public function upgrade_5_60_alpha1($rev): void {
     $this->addTask(ts('Upgrade DB to %1: SQL', [1 => $rev]), 'runSql', $rev);
+    $this->addTask('Add scheduled_reminder_smarty setting', 'addScheduledReminderSmartySetting');
+  }
+
+  public function setPostUpgradeMessage(&$postUpgradeMessage, $rev): void {
+    if ($rev === '5.60.alpha1') {
+      $postUpgradeMessage .= '<p>' . ts('You can now choose whether to use Smarty in Scheduled Reminders at <em>Administer >> CiviMail >> CiviMail Component Settings</em>. The setting is disabled by default on new installations but we have enabled it during this upgrade to preserve the existing behavior. More information <a %1>in this lab ticket</a>.', [1 => 'href="https://lab.civicrm.org/dev/core/-/issues/4100" target="_blank"']) . '<p>';
+    }
+  }
+
+  public static function addScheduledReminderSmartySetting(): bool {
+    Civi::settings()->set('scheduled_reminder_smarty', TRUE);
+    return TRUE;
   }
 
 }
diff --git a/settings/Mailing.setting.php b/settings/Mailing.setting.php
index 97904cad54eb352d45fe7b538100a22bdcf0330c..434e78a7ee38d823dcd302ad0b6d030588f63359 100644
--- a/settings/Mailing.setting.php
+++ b/settings/Mailing.setting.php
@@ -393,4 +393,18 @@ return [
     'description' => ts('The frequency that CiviMail updates its sent mail database.'),
     'help_text' => NULL,
   ],
+  'scheduled_reminder_smarty' => [
+    'group_name' => 'Mailing Preferences',
+    'group' => 'mailing',
+    'name' => 'scheduled_reminder_smarty',
+    'type' => 'Boolean',
+    'html_type' => 'checkbox',
+    'default' => 0,
+    'title' => ts('Use Smarty in scheduled reminders'),
+    'add' => '5.60',
+    'is_domain' => 1,
+    'is_contact' => 0,
+    'description' => ts('Controls whether scheduled reminders will attempt to process smarty tokens.'),
+    'help_text' => NULL,
+  ],
 ];