West Virginia HB4773 proposes a 15% cost-of-living adjustment for retired state employees.

West Virginia HB4773 amends the Public Employees Retirement Act to provide a 15% cost-of-living adjustment (COLA) for all retired state employees. This adjustment applies to retirees receiving an annual retirement annuity and is payable pro rata to beneficiaries of qualifying retirees. The first payment will be made by June 30, 2026. The bill also mandates a review every 10 years to assess potential future COLA increases.

West Virginia HB4773 proposes a 15% cost-of-living adjustment for retired state employees.

West Virginia HB4773 amends the Public Employees Retirement Act to provide a 15% cost-of-living adjustment (COLA) for all retired state employees. This adjustment applies to retirees receiving an annual retirement annuity and is payable pro rata to beneficiaries of qualifying retirees. The first payment will be made by June 30, 2026. The bill also mandates a review every 10 years to assess potential future COLA increases.