Senate Bill No. 248
(By Senators Manchin, Love, Blatnik, Craigo,
Jackson, Sharpe, Dittmar, Ross, Oliverio,
Schoonover, Miller, Anderson and Wagner)
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[Introduced January 29, 1996;
referred to the Committee 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 two new sections, designated
sections twenty-six-n and twenty-six-o, all relating to
the state teachers retirement; and providing
supplemental benefits for certain retired teachers.
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 two new sections, designated sections
twenty-six-n and twenty-six-o, all to read as follows:
ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-26n. Supplemental benefits for certain teachers who
retired on or after July 1, 1984, but prior to July 1, 1986.
As an additional supplement to other retirement allowances
provided, each annuitant who retired on or after the first day of
July, one thousand nine hundred eighty-four, and before the first
day of July, one thousand nine hundred eighty-six, shall receive
a monthly amount equal to two dollars multiplied by his or her
total service credit.
§18-7A-26o. Supplemental benefits for certain teachers who
retired prior to July 1, 1986.
As an additional supplement to other retirement allowances
provided, each annuitant who retired before the first day of
July, one thousand nine hundred eighty-six, and who is receiving
a monthly pension of three hundred dollars or less, shall receive
a monthly total amount equal to one dollar multiplied by his or
her total service credit.
NOTE: The purpose of this bill is to provide supplemental
benefits for certain teachers who retired on or after July 1,
1984, but prior to July 1, 1986 and all retirees who retired
prior to July 1, 1986.
§§18-7A-26n and 26o are new; therefore, strike-throughs and
underscoring have been omitted.