West Virginia legislation · 2025 Regular Session
West Virginia HB3426: Providing a cost-of-living provision for certain persons retired under the Public Employees Retirement System and the Teachers Retirement System
Status: Introduced, March 17, 2025
The purpose of this bill is to provide a cost-of-living increase, based on the annual increase in the consumer price index, for persons under the Public Employees Retirement Act and Teachers Retirement System that are at least 60 years of age and that have received retirement payments for at least five years.
What the bill says
To amend the Code of West Virginia, 1931, as amended, by adding a two new sections, designated §5-10-37 and §18-7A-26z, relating to providing a cost-of-living provision for certain persons retired under the Public Employees Retirement System and the Teachers Retirement System. ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT. §5-10-37. Cost-of-living provision for annuitants at least 60 years of age and retired at least five years. Beginning July 1, 2025, all annuitants at least 60 years of age and who have been receiving an annuity from this system for at least five years shal.
From the introduced text, March 17, 2025:
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a two new sections, designated §5-10-37 and §18-7A-26z, relating to providing a cost-of-living provision for certain persons retired under the Public Employees Retirement System and the Teachers Retirement System. ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT. §5-10-37. Cost-of-living provision for annuitants at least 60 years of age and retired at least five years. Beginning July 1, 2025, all annuitants at least 60 years of age and who have been receiving an annuity from this system for at least five years shall receive a cost-of-living adjustment in his or her monthly annuity in an amount equal to the annual increase in the consumer price index as published by the United States Department of Labor, Bureau of Labor Statistics. CHAPTER 18. EDUCATION. ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM. §18-7A-26z. Cost-of-living provision for annuitants at least 60 years of age and retired at least five years. Beginning July 1, 2025, all annuitants at least 60 years of age and who have been receiving an annuity from this system for at least five years shall receive a cost-of-living adjustment in his or her monthly annuity in an amount equal to the annual increase in the consumer price index as published by the United States Department of Labor, Bureau of …