H. B. 2190

(By Delegates Stewart and Prezioso)
[Introduced February 18, 1993; 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-e, relating to increasing the retirement annuity under the West Virginia Public Employees Retirement Act.

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-e, to read as follows:

ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.

§5-10-22e. Retirement annuity increase.

Notwithstanding any other provisions of this article, effective the first day of July, one thousand nine hundred ninety-three, any annuitant who is receiving a retirement annuity shall receive an increase in his or her annual annuity of three dollars for each year of his or her service.

NOTE: The purpose of this bill is to give members an increase in their annuity of three dollars for each year of their service.

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