Senate Bill No. 341
(By Senators Brackenrich, Dittmar, Anderson, Chernenko,
Holliday, Felton, Helmick and Ross)
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[Introduced March 10, 1993; referred to the Committee
on Pensions; and then to the Committee on Finance.]
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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-m and twenty-six-n, all relating to the
state teachers retirement; and providing supplemental
benefits for 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-m and twenty-six-n, all to read as follows:
ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-26m. Supplemental benefits for certain teachers who
retired prior to January 1, 1971.
As an additional supplement to other retirement allowances
provided, each annuitant whose annuity was approved by the
retirement board prior to January one, one thousand nine hundred
seventy-one, and who is receiving a monthly pension of threehundred dollars or less, shall receive a monthly amount equal to
one dollar multiplied by his or her total service credit.
§18-7A-26n. Supplemental benefits for certain teachers who
retired between July 1, 1982, and July 1, 1983.
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-two, and before the first
day of July, one thousand nine hundred eighty-three, shall
receive a monthly amount equal to two dollars multiplied by his
or her total service credit.
NOTE: The purpose of this bill is to increase supplemental
pension benefits for certain retired teachers as follows: (1)
Persons who retired prior to January 1, 1971, and who are
receiving a pension of $300.00 a month, or less, by a monthly
amount of $1.00 times years of service; and (2) persons who
retired between July 1, 1982, and July 1, 1983, by a monthly
amount of $2.00 times years of service.
§§18-7A-26m and 26n are new; therefore, strike-throughs and
underscoring have been omitted.