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WV HB4154
Bill
Status
1/14/2026
Primary Sponsor
Larry Kump
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AI Summary
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Establishes annual cost-of-living adjustments (COLA) for West Virginia Public Employees Retirement System and State Teachers Retirement System retirees who have been retired for over 10 years
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Requires the first COLA payment to be made in full by June 30, 2026
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Eligibility limited to retirees who voluntarily retired in good standing under normal circumstances and currently receive an annual retirement annuity
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COLA payments extend pro rata to beneficiaries of qualifying retirees who currently receive annuity or other benefits from the systems
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Legislature required to review the COLA provisions every 10 years to evaluate potential increases for future retirees
Legislative Description
To require all West Virginia public employee retirement agencies to provide an annual cost of living adjustment for all retirees who have been retired for over ten (10) years
Retirement
Last Action
To House Finance
1/14/2026