West Virginia HB4154 mandates annual cost-of-living adjustments for retirees from public employee and state teachers retirement systems.

West Virginia HB4154 requires public employee retirement agencies to provide annual cost-of-living adjustments for retirees who have been retired for over ten years. The bill applies to retirees from the Public Employees Retirement System and the State Teachers Retirement System. The first payment under this adjustment must be made by June 30, 2026. The Legislature is directed to review this provision every ten years to assess potential increases in pension adjustments.

West Virginia HB4154 mandates annual cost-of-living adjustments for retirees from public employee and state teachers retirement systems.

West Virginia HB4154 requires public employee retirement agencies to provide annual cost-of-living adjustments for retirees who have been retired for over ten years. The bill applies to retirees from the Public Employees Retirement System and the State Teachers Retirement System. The first payment under this adjustment must be made by June 30, 2026. The Legislature is directed to review this provision every ten years to assess potential increases in pension adjustments.