H. B. 2071
(By Delegate Manchin)
[Introduced February 14, 2001; referred to the
Committee on Pensions and Retirement then Finance.]
A BILL to amend article ten, chapter five of the code of West
Virginia, one thousand nine hundred thirty-one, as amended,
by adding thereto a new section, designated section
twenty-two-g; and to amend article seven-a, chapter eighteen
of said code, by adding thereto a new section, designated
section twenty-six-r, all relating to increasing benefits of
retired state personnel and retired teachers by five percent
a year for three years.
Be it enacted by the Legislature of West Virginia:
That article ten, chapter five of the code of West Virginia,
one thousand nine hundred thirty-one, as amended, be amended by
adding thereto a new section, designated section twenty-two-g; and
that article seven-a, chapter eighteen of said code, be amended by adding thereto a new section, designated section twenty-six-r, all
to read as follows:
CHAPTER 5. GENERAL POWERS AND AUTHORITY OF THE GOVERNOR,
SECRETARY OF STATE AND ATTORNEY GENERAL; BOARD
OF PUBLIC WORKS; MISCELLANEOUS AGENCIES, COMMISSIONS,
OFFICES, PROGRAMS, ETC.
ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.
§5-10-22g. Supplemental benefits for certain annuitants.
As an additional supplement to other retirement allowances
provided, each annuitant shall receive, effective the first day of
July, two thousand one, upon application, an increased amount,
payable monthly, which is the product of his or her present
retirement allowance multiplied by five percent; effective the
first day of July, two thousand two, upon application, an increased
amount, payable monthly, which is the product of his or her present
retirement allowance multiplied by five percent; and, effective the
first day of July, two thousand three, upon application, an
increased amount, payable monthly, which is the product of his or
her present retirement allowance multiplied by five percent.
CHAPTER 18. STATE BOARD OF EDUCATION.
ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-26r. Additional benefits for certain annuitants.
Effective the first day of July, two thousand one, as an
additional supplement to other retirement allowances provided, each
annuitant who retired before the first day of July, one thousand
nine hundred ninety-five, shall, upon written application, in
addition to such approved annuities an increased amount, payable
monthly, which is the product of his or her present retirement
allowance multiplied by five percent; effective the first day of
July, two thousand two, upon application, an increased amount,
payable monthly, which is the product of his or her present
retirement allowance multiplied by five percent; and, effective the
first day of July, two thousand three, upon application, an
increased amount, payable monthly, which is the product of his or
her present retirement allowance multiplied by five percent.
NOTE: The purpose of this bill is to give retired state
personnel and retired teachers a 5% a year increase in retirement
benefits over the next 3 years.
These sections are new; therefore, strike-throughs and
underscoring have been omitted.
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