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Introduced Version House Bill 3179 History

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H. B. 3179

 

         (By Delegate Kominar, Cann, Barker, Butcher

and Manypenny)

         [Introduced February 17, 2011; referred to the

         Committee on Government Organization then Finance.]

 

 

 

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §5-5-7; and to amend said code by adding thereto a new section, designated §5-10-22k, all relating to cost-of-living increases for state employees and retirees.

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 §5-5-7; and that said code be amended by adding thereto a new section, designated §5-10-22k, all to read as follows:

ARTICLE 5. SALARY INCREASE FOR STATE EMPLOYEES.

§5-5-7. State employees cost-of-living adjustment.

    (a) Commencing on July 1, 2011, all eligible state employees shall receive a base building cost-of-living adjustment of $1,500.

ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.

§5-10-22k. Cost-of-living adjustments for certain annuitants.

    (a) As an additional cost-of-living adjustment to other retirement allowances provided, a cost-of-living adjustment to retirement benefits shall be paid to retirees of the system as provided in subsection (b) of this section. The cost-of-living adjustment shall equal $1,500 and shall commence on July 1, 2011.

    (b) The cost-of-living adjustment provided by this section applies to any retiree who currently receives an annual retirement annuity. This cost-of-living adjustment is subject to any applicable limitations under Section 415 of the Internal Revenue Code of 1986, as amended.

 

 

    NOTE: The purpose of this bill is to provide a cost-of- living increase for state employees and retirees who receive an annual annuity.


    §5-5-7 and §5-10-22k are new; therefore, they have been completely underscored.

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