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Introduced Version House Bill 2323 History

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hb2323 intr
H. B. 2323


(By Delegate Stalnaker)

[Introduced February 14, 2005 ; referred to the

Committee on Pensions and Retirement then Finance.]


FN



A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §5-10-22h ; and to amend said code by adding thereto a new section, designated §18-7A-26t , all relating to increasing retirement benefits for teachers and public employees by fifty dollars a month.

Be it enacted by the Legislature of West Virginia:

That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §5-10-22h ; and that said code be amended by adding thereto a new section, designated §18-7A-26t , 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.
§5-10-22h. Supplemental benefits for certain annuitants.

Beginning on the first day of January, two thousand six, as an additional supplement to other retirement allowances provided, any annuitant who is receiving a retirement annuity on the effective date of this section shall receive a supplemental benefit. Each annuitant shall receive as his or her supplemental benefit an increased annual amount of fifty dollars a month. Nothing in this or any other section of this code may be construed to require any appropriation of state general revenue funds for the payment of any benefit provided for in this section.
CHAPTER 18. EDUCATION.

ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-26t. Supplemental benefits for teachers.

As an additional supplement to other retirement allowances provided, each annuitant shall receive a monthly total amount equal to fifty dollars.



NOTE: The purpose of this bill is to increase the retirement benefits of teachers and public employees by $50 a month.

These sections are new; therefore, strike-throughs and underscoring have been omitted.

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