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WV HB4562

Bill

Official Source

Status

Introduced

1/20/2026

Primary Sponsor

Eric Brooks

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Reduces the required years of service from 25 to 20 years for retirees to qualify for the $1,000 per month minimum retirement benefit under both the Public Employees Retirement System (PERS) and State Teachers Retirement System
  • Applies to retirants or beneficiaries who are at least 70 years of age as of July 1, 2026, with benefits beginning on or before December 31, 2026
  • Sets a $500 per month minimum benefit for beneficiaries of retirees who chose the 50% joint and survivor annuity option and meet the 20-year service requirement
  • Excludes service time as an elected public official or temporary legislative employee from counting toward the service requirement for PERS beneficiaries
  • Benefits are not retroactive and apply only to members who retired prior to the bill's effective date

Legislative Description

Change required service from 25 to 20 years for eligibility for minimum 1k retirement annuity

Retirement

Last Action

To House Finance

1/20/2026

Committee Referrals

Finance1/20/2026

Full Bill Text

No bill text available