WEST virginia legislature

2019 first extraordinary session

Introduced

House Bill 173

By Delegate C. Thompson

[Introduced June 17, 2019; Referred
to the Select Committee on Education Reform B]

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §18-7A-26x, relating to providing an annual cost-of-living increase in the amount of $2,000 for retired teachers and service personnel.

Be it enacted by the Legislature of West Virginia:

ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.

§18-7A-26x. Supplemental benefits for retired teachers and service personnel.  

(a) Beginning on the January 1, 2020, any retirant who is receiving an annuity on the effective date of this section shall receive a supplemental cost-of-living benefit in an increased annual amount of $2,000. 

(b) Prior to January 1, 2020, the executive secretary of the board shall provide to the Legislature information as to the number of retirants receiving an annuity on the effective date of this section, the amounts of the annuities they receive, the amount of funds necessary to provide cost-of-living increases to such annuitants.

NOTE: The purpose of this bill is to provide an annual cost-of-living increase in the amount of $2,000 for retired teachers and service personnel.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.