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WV SB930
Bill
Status
Introduced
2/12/2026
Primary Sponsor
Mike Oliverio
Click for details
AI Summary
- Increases the base amount for calculating cost-of-living adjustments (COLA) on supplemental pension benefits from $15,000 to $45,000 annually for municipal police, firefighters, and employees of waterworks and sewage systems
- Annual COLA increases are tied to the Consumer Price Index, capped at 4% per year
- Retirees must wait two years after retirement before becoming eligible for supplemental pension benefits, except those who retired before the section's original effective date
- A catch-up provision applies when accumulated supplemental benefits fall below 75% of accumulated CPI increases, temporarily removing the 4% annual cap
- Pension funds must undergo annual actuarial review to certify what benefit increases can be paid while maintaining actuarial soundness
Legislative Description
Raising cost of living increase for certain municipal employees
Municipalities
Last Action
To Pensions
2/12/2026
Committee Referrals
Pensions2/12/2026
Full Bill Text
No bill text available