HB5052 provides a 5% cost of living increase for West Virginia state retirees earning under $60,000 annually.

HB5052 amends the West Virginia Public Employees Retirement Act to offer a one-time cost-of-living supplement to state retirees. This supplement is available to retirees who have been in retirement status for at least five consecutive years and whose annual retirement benefit is under $60,000. The supplement is intended to help retirees manage the rising cost of living.

HB5052 provides a 5% cost of living increase for West Virginia state retirees earning under $60,000 annually.

HB5052 amends the West Virginia Public Employees Retirement Act to offer a one-time cost-of-living supplement to state retirees. This supplement is available to retirees who have been in retirement status for at least five consecutive years and whose annual retirement benefit is under $60,000. The supplement is intended to help retirees manage the rising cost of living.