WV HB5326

Increases the cost-of-living adjustment (COLA) threshold for supplemental pension benefits from the first $15,000 to the first $30,000 of annual benefits for retired municipal police officers, firefighters, and employees of municipal waterworks and sewage systems

Annual COLA increases are based on the Consumer Price Index but capped at 4% per year, with retirees becoming eligible after two years from retirement date

Applies to all retirees, surviving beneficiaries, and disability pensioners under West Virginia's municipal pension system

Includes a catch-up provision allowing benefits to exceed the 4% cap if accumulated increases fall below 75% of the total accumulated CPI increase over the same period