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WV HB5046

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Christopher Toney

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Lowers the eligibility age for annual annuity adjustments from 63 to 55 years old for retirees of the West Virginia State Police Retirement System
  • Retirees who meet the new age threshold receive a 1% annual adjustment to their retirement award, paid in equal monthly installments
  • The annual adjustments begin each July 1 and are not retroactive
  • Surviving spouses receiving benefits and retirees under disability or other special provisions remain eligible for the adjustments regardless of age
  • Retirees or surviving spouses who have received benefits for less than one year when the July adjustment occurs receive a pro-rata share of that year's adjustment

Legislative Description

Modifying the West Virginia State Police Retirement System

Retirement

Last Action

To House Finance

2/2/2026

Committee Referrals

Finance2/2/2026

Full Bill Text

No bill text available