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WV HB4773
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Elliott Pritt
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AI Summary
- Provides a 20% cost-of-living adjustment (COLA) to retirement benefits for retirees of the Public Employees Retirement System and the State Teachers Retirement System
- Applies to retirees who voluntarily retired from West Virginia in good standing and currently receive an annual retirement annuity
- Requires the first COLA payment to be paid in full by June 30, 2026
- Extends pro rata COLA payments to beneficiaries of qualifying retirees who currently receive annuity benefits
- Mandates legislative review every 10 years to assess potential COLA increases for future retirees
Legislative Description
To increase the COLA by 15% for all retired state employees
State Personnel
Last Action
To House Finance
1/23/2026
Committee Referrals
Finance1/23/2026
Full Bill Text
No bill text available