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Introduced Version House Bill 2189 History

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Key: Green = existing Code. Red = new code to be enacted


H. B. 2189


(By Delegate L. Smith)

[Introduced February 14, 2001 ; referred to the

Committee on Pensions and Retirement then Finance.]





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 a new section, designated section twenty-six-s; relating to providing a one time supplemental cost-of-living allowance to be added to the annual benefits of annuitants of the teachers retirement system.

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 a new section, designated section twenty-six-s, to read as follows:

ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.

§18-7A-26s. Supplemental one time cost-of-living allowance for annuitants effective July 1, 2000.

A one time cost-of-living supplement to retirement benefits provided shall be paid to all eligible annuitants who have been retired prior to the thirty-first day of December, one thousand nine hundred ninety-seven, which supplement shall become effective on the first day of July, two thousand one. In addition to other retirement allowances provided, each annuitant shall receive, for one time only, an amount based on the annual cost-of-living adjustments to the federal consumer price index for the preceding year multiplied by his or her current annuity.


NOTE: The purpose of this bill is to provide a supplemental one time cost-of-living allowance to be added to the annual benefits of annuitants of the teachers retirement system.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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