Introduced Version
House Bill 2099 History
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Key: Green = existing Code. Red = new code to be enacted
H. B. 2099
(By Delegates Caputo and Stephens)
[Introduced February 13, 2013; referred to the
Committee on Pensions and Retirement then Fiance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §5-10-22l; and to
amend said code by adding thereto a new section, designated
§18-7A-26w, all relating to increasing benefits of retired
state personnel and retired teachers by five percent a year
for the next three consecutive years.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §5-10-22l; and that
said code be amended by adding thereto a new section, designated
§18-7A-26w, all to read as follows:
CHAPTER 5. GENERAL POWERS AND AUTHORITY OF THE GOVERNOR,
SECRETARY OF STATE AND ATTORNEY GENERAL; BOARD
OF PUBLIC WORKS; MISCELLANEOUS AGENCIES, COMMISSIONS,
OFFICES, PROGRAMS, ETC.
ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.
§5-10-22l. Supplemental benefits for certain annuitants.
_____As an additional supplement to other retirement allowances
provided, each annuitant shall receive, effective July 1, 2013,
upon application, an increased amount, payable monthly, which is
the product of his or her present retirement allowance multiplied
by five percent; effective July 1, 2014, upon application, an
increased amount, payable monthly, which is the product of his or
her present retirement allowance multiplied by five percent; and,
effective July 1, 2015, upon application, an increased amount,
payable monthly, which is the product of his or her present
retirement allowance multiplied by five percent.
CHAPTER 18. STATE BOARD OF EDUCATION.
ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-26w. Additional benefits for certain annuitants.
_____Effective July 1, 2013, as an additional supplement to other
retirement allowances provided, each annuitant who retired before
July 1, 1995, shall, upon written application, in addition to such
approved annuities an increased amount, payable monthly, which is
the product of his or her present retirement allowance multiplied
by five percent; effective July 1, 2014, upon application, an
increased amount, payable monthly, which is the product of his or her present retirement allowance multiplied by five percent; and,
effective July, 1, 2015, upon application, an increased amount,
payable monthly, which is the product of his or her present
retirement allowance multiplied by five percent.
_____NOTE: The purpose of this bill is to give retired state
personnel and retired teachers a five percent a year increase in
retirement benefits over the next three consecutive years.
These sections are new; therefore, it has been completely
underscored.