Bill Text: WV HB4671 | 2022 | Regular Session | Introduced
Bill Title: Establishing an increase in monthly pension for certain teachers who retired twenty or more years ago by two dollars per month per year of service
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2022-02-14 - To House Pensions and Retirement [HB4671 Detail]
Download: West_Virginia-2022-HB4671-Introduced.html
WEST virginia legislature
2022 regular session
Introduced
House Bill 4671
By Delegates Boggs and Pethtel
Introduced February 14, 2022; 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 §18-7A-26x, relating to establishing an increase in monthly pension for certain teachers who retired 20 or more years ago by $2 per month per year of service.
Be it enacted by the Legislature of West Virginia:
chapter 18. education.
article 7a. state teachers retirement system.
§18-7A-26x. Supplemental benefits for certain retired teachers.
As an additional supplement to other retirement allowances provided retired teachers, each annuitant, upon his or her 20-year date of retirement, and who is receiving a monthly pension, shall receive an additional monthly total amount equal to $2 multiplied by his or her total years of service credit.
NOTE: The purpose of this bill is to provide teachers who retired 20 or more years ago by $2 per month per year of service to provide cost of living increases to such annuitants.
Strike-throughs indicate language that would be stricken from a heading or the present law, and underscoring indicates new language that would be added.
