H. B. 2323
(By Delegate Stalnaker)
February 14, 2005
; referred to the
Committee on Pensions and Retirement then Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §5-10-22h
; and to
amend said code by adding thereto a new section, designated
, all relating to increasing retirement benefits for
teachers and public employees by fifty dollars a month.
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 §5-10-22h
; and that
said code be amended by adding thereto a new section, designated
, 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.
§5-10-22h. Supplemental benefits for certain annuitants.
Beginning on the first day of January, two thousand six, as an additional supplement to other retirement allowances provided, any
annuitant who is receiving a retirement annuity on the effective
date of this section shall receive a supplemental benefit. Each
annuitant shall receive as his or her supplemental benefit an
increased annual amount of fifty dollars a month. Nothing in this
or any other section of this code may be construed to require any
appropriation of state general revenue funds for the payment of any
benefit provided for in this section.
CHAPTER 18. EDUCATION.
ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-26t. Supplemental benefits for teachers.
As an additional supplement to other retirement allowances
provided, each annuitant shall receive a monthly total amount equal
to fifty dollars.
NOTE: The purpose of this bill is to increase the retirement
benefits of teachers and public employees by $50 a month.
These sections are new; therefore, strike-throughs and
underscoring have been omitted.