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WV SB638

Bill

Official Source

Status

Introduced

2/28/2025

Primary Sponsor

Joey Garcia

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Establishes annual cost-of-living adjustments (COLA) for retirees under the Public Employees Retirement System (PERS) and Teachers Retirement System (TRS) beginning July 1, 2025
  • Eligibility requires retirees to be at least 60 years old and have received retirement annuity payments for at least five years
  • COLA amount equals the annual increase in the Consumer Price Index as published by the U.S. Department of Labor, Bureau of Labor Statistics
  • Adjustment applies as a supplement to existing retirement allowances already being received

Legislative Description

Providing cost-of-living provision for certain retirees under PERS and TRS

State Personnel

Last Action

To Pensions

2/28/2025

Committee Referrals

Pensions2/28/2025

Full Bill Text

No bill text available