WV HB3126

Adds a cost-of-living adjustment (COLA) to retirement benefits under the West Virginia Public Employees Retirement Act, tied to the prior year's inflation rate

Applies to annuitants receiving retirement benefits as of July 1, 2025, whose retirement became effective more than five years before that date

Requires retirees to submit an application to receive the inflation-based benefit increase

Provides the adjustment as a monthly supplement in addition to existing retirement allowances