COMMITTEE SUBSTITUTE
FOR
H. B. 4538
(By Mr. Speaker, Mr. Kiss, and Delegates Martin, Michael,
Varner, Mezzatesta, Jenkins and Hubbard)
(Originating in the Committee on Finance]
A BILL to amend article seven-a, chapter eighteen of the code of
West Virginia, one thousand nine hundred thirty-one, as
amended, by adding thereto two new sections, designated
sections twenty-six-p and twenty-six-q, all relating to
providing supplemental benefits to certain retired teachers.
Be it enacted by the Legislature of West Virginia:
That
article seven-a, chapter eighteen of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto two new sections, designated sections
twenty-six-p and twenty-six-q, all to read as follows:
§18-7A-26p. Supplemental benefits for certain teachers who retired
on or after July 1, 1986, but prior to April 1, 1988.
As an additional supplement to other retirement allowances
provided, each annuitant who retired on or after the first day of July, one thousand nine hundred eighty-six, and before the first
day of April, one thousand nine hundred eighty-eight, shall receive
a monthly amount equal to two dollars multiplied by his or her
total service credit.
§18-7A-26q. Supplemental benefits for certain teachers who retired
prior to April 1, 1988.
As an additional supplement to other retirement allowances
provided, each annuitant who retired before the first day of April,
one thousand nine hundred eighty-eight, and who is receiving a
monthly pension of three hundred dollars or less, shall receive a
monthly total amount equal to one dollar multiplied by his or her
total service credit.
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