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WV HB3426
Bill
Status
3/17/2025
Primary Sponsor
John Williams
Click for details
AI Summary
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Establishes annual cost-of-living adjustments (COLA) for retirees under both the West Virginia Public Employees Retirement System and the State Teachers Retirement System beginning July 1, 2025
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Eligible retirees must be at least 60 years of age and have been receiving retirement annuity payments for a minimum of five years
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COLA amount will equal the annual increase in the Consumer Price Index as published by the U.S. Department of Labor, Bureau of Labor Statistics
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Applies the same eligibility requirements and adjustment formula to both public employee and teacher retirees
Legislative Description
Providing a cost-of-living provision for certain persons retired under the Public Employees Retirement System and the Teachers Retirement System
Retirement
Last Action
To House Finance
3/17/2025