Source: http://www.wvlegislature.gov/Bill_Text_HTML/2013_SESSIONS/RS/Bills/hb2203%20intr.htm
Timestamp: 2018-01-20 17:13:49
Document Index: 7677387

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

hb2203 intr
(By Delegates Boggs, Caputo, Manchin, Perdue,
Pino, Sumner and Williams)
Committee on Pension and Retirement then Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §5-10-22l; and to amend said code by adding thereto a new section, designated §18-7A-26w, all relating to providing a one-time supplement to retired public employees and teachers seventy years of age or older equal to three percent of their retirement benefits; setting forth conditions; and providing for exceptions.
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §5-10-22l; and to amend said code by adding thereto a new section, designated §18-7A-26w, all to read as follows:
§5-10-22l. One-time supplement for certain annuitants effective __________July 1, 2013.
__________(a) A one-time supplement to retirement benefits of three percent shall be provided to all retirees that are age seventy or older and have been annuitants for at least five consecutive years as of July 1, 2013, and beneficiaries of deceased members who would have been at least seventy years of age or older and have been annuitants for at least five consecutive years as of July 1, 2013.
__________(b) The one-time supplement provided in this section applies only to members who have retired at least five years prior to July 1, 2013, or, if applicable, to beneficiaries of deceased members who have been receiving benefits under the retirement system at least five years prior to July 1, 2013. The supplement provided by this section is subject to any applicable limitations under Section 415 of the Internal Revenue Code of 1986, as amended.
__________(c) The supplement provided by this section is not available to those retirees who received the one-time three percent to four and one-half percent supplement pursuant to section twenty-two-I of this article.
§18-7A-26w. One-time supplement for certain annuitants effective July 1, 2013.
__________(c) The supplement provided by this section is not available to those retirees who received the one-time three percent supplement pursuant to section twenty-six-t of this article.