Source: http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2006%20intr.htm&yr=2005&sesstype=RS&i=2006
Timestamp: 2018-02-23 05:39:30
Document Index: 390304545

Matched Legal Cases: ['§5', '§18', '§5', '§18', '§5', '§18']

Committee on Pensions and Retirement, then Finance.]
A BILL to amend the code of West Virginia, 1931, as amended, by adding thereto a new section, designated §5-10-22h; and to amend said code by adding thereto a new section, designated §18-7A-26t, all relating to increasing benefits of retired state personnel and retired teachers by five percent a year for three years.
That the code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §5-10-22h; and that said code be amended by adding thereto a new section, designated §18-7A-26t, all to read as follows:
§5-10-22h. Supplemental benefits for certain annuitants.
As an additional supplement to other retirement allowances provided, each annuitant shall receive, effective the first day of July, two thousand five, upon application, an increased amount, payable monthly, which is the product of his or her present retirement allowance multiplied by five percent; effective the first day of July, two thousand six, upon application, an increased amount, payable monthly, which is the product of his or her present retirement allowance multiplied by five percent; and, effective the first day of July, two thousand seven, upon application, an increased amount, payable monthly, which is the product of his or her present retirement allowance multiplied by five percent.
§18-7A-26t. Additional benefits for certain annuitants.
Effective the first day of July, two thousand five, as an additional supplement to other retirement allowances provided, each annuitant who retired before the first day of July, one thousand nine hundred ninety-five, shall, upon written application, in addition to such approved annuities an increased amount, payable monthly, which is the product of his or her present retirement allowance multiplied by five percent; effective the first day of July, two thousand six, upon application, an increased amount, payable monthly, which is the product of his or her present retirement allowance multiplied by five percent; and, effective the first day of July, two thousand seven, upon application, an increased amount, payable monthly, which is the product of his or her present retirement allowance multiplied by five percent.