Senate Bill No. 389
(By Senators Wagner, Ross, Withers and Dalton)
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[Introduced March 17, 1993; referred to the Committee
on Pensions; and then to the Committee on Finance.]
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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-m, relating to the state teachers retirement
system; and providing supplemental benefits to persons who
retired prior to the first day of July, one thousand nine
hundred eighty-three.
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-m, to read as follows:
ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-26m. Supplemental benefits for certain teachers who
retired prior to July 1, 1983.
As an additional supplement to other retirement allowances
provided, each annuitant whose annuity was approved by theretirement board prior to the first day of July, one thousand
nine hundred eighty-three, shall receive a monthly amount equal
to two dollars multiplied by his or her total service credit.
NOTE: The purpose of this bill is to provide supplemental
benefits to teachers who retired prior to July 1, 1983, in a
monthly amount equal to $2.00 multiplied by the teacher's total
service credit.
This section is new; therefore, strike-throughs and
underscoring have been omitted.