Introduced Version
Senate Bill 321 History
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Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 321
(By Senators Bowman, Plymale, Unger, Stollings and Hunter)
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[Introduced January 23, 2008; referred to the Committee on
Pensions; and then to the Committee on Finance.]
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A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §5-10-22j, relating
to increasing benefits of certain retired state personnel by
three percent in July, two thousand eight, and then by three
percent every five years thereafter.
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 §5-10-22j, to read as
follows:
ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.
§5-10-22j. Supplemental benefits for certain annuitants.
As an additional supplement to other retirement allowances
provided, each annuitant who has been an annuitant for five or more
consecutive years shall receive, effective the first day of July,
two thousand eight, upon application, an increased amount, payable monthly, which is the product of his or her present retirement
allowance multiplied by three percent. Every five years
thereafter, those annuitants shall receive an additional increased
amount, payable monthly, which is the product of his or her present
retirement allowance multiplied by three percent.
NOTE: The purpose of this bill is to increase benefits of
certain retired state personnel, who have been retired for 5 years
or longer, by three percent in July, two thousand eight, and then
increase the benefits by three percent every five years thereafter.
§5-10-22j
is new; therefore, strike-throughs and underscoring
have been omitted.
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