Bill > HB5052

This bill provides a one-time cost-of-living supplement to retirement benefits for certain state retirees, effective July 1, 2027. To qualify, retirees must have reached a specified age threshold, been in retirement status for at least five consecutive years, and have an annual retirement benefit under $75,000. Specifically, those who are at least 65 years old and have been receiving benefits (annuitants) for at least five years as of July 1, 2027, will receive a supplement equal to 10 percent of their annuity benefit that is below $75,000 annually. This supplement is intended for members who retired on or before the bill's effective date, or beneficiaries receiving benefits at that time, and is subject to limitations under Section 415 of the Internal Revenue Code of 1986, which deals with limits on retirement plan benefits.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=5052&year=2026&sessiontype=RS&btype=bill