Bill
Bill > HB5360
WV HB5360
WV HB5360Providing a cost-of-living provision for certain persons retired under the Public Employees Retirement System and the Teachers Retirement System
summary
Introduced
02/09/2026
02/09/2026
In Committee
02/09/2026
02/09/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to provide a cost-of-living increase, based on the annual increase in the consumer price index, for persons under the Public Employees Retirement Act and Teachers Retirement System who are at least 60 years of age and that have received retirement payments for at least five years.
AI Summary
This bill proposes to add a cost-of-living provision for individuals retired under West Virginia's Public Employees Retirement System and Teachers Retirement System, ensuring their retirement payments keep pace with inflation. Specifically, starting July 1, 2026, retirees who are at least 60 years old and have been receiving retirement payments, known as an annuity, for at least five years will receive an annual adjustment to their monthly annuity. This adjustment will be equal to the percentage increase in the consumer price index (CPI), a measure of inflation tracked by the U.S. Department of Labor's Bureau of Labor Statistics, meaning their retirement income will increase to help maintain its purchasing power.
Committee Categories
Budget and Finance
Sponsors (9)
John Williams (D)*,
Shawn Fluharty (D),
Rick Garcia (D),
Anitra Hamilton (D),
Evan Hansen (D),
Sean Hornbuckle (D),
Hollis Lewis (D),
Mike Pushkin (D),
Kayla Young (D),
Last Action
To House Finance (on 02/09/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=5360&year=2026&sessiontype=RS&btype=bill |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb5360%20intr.htm&yr=2026&sesstype=RS&i=5360 |
Loading...