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WV HB5360
Bill
Status
2/9/2026
Primary Sponsor
John Williams
Click for details
AI Summary
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Establishes annual cost-of-living adjustments (COLA) for retirees under the Public Employees Retirement System (PERS) and Teachers Retirement System (TRS) beginning July 1, 2026
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Eligible retirees must be at least 60 years of age and have been receiving retirement annuity payments for at least five years
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COLA amount equals the annual increase in the Consumer Price Index as published by the U.S. Department of Labor, Bureau of Labor Statistics
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Adds new sections §5-10-37 to the Public Employees Retirement Act and §18-7A-26z to the State Teachers Retirement System
Legislative Description
Providing a cost-of-living provision for certain persons retired under the Public Employees Retirement System and the Teachers Retirement System
Retirement
Last Action
To House Finance
2/9/2026