2025 Regular Session
HB 2522
Modifying the West Virginia State Police Retirement System
In Committee
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes the West Virginia State Police Retirement System to allow retirants aged 63 or older who meet certain retirement criteria to receive an annual annuity adjustment of one percent of their retirement award or surviving spouse award. The adjustments will begin on July 1st of each year, but will not be retroactive. The adjustments will be paid monthly to the retirant or surviving spouse.
Key provisions
- Increases the minimum age for annuity adjustments to 63 years old.
- Provides a one percent annual annuity adjustment for eligible retirants.
- Applies to retirants retired under specific sections of the West Virginia State Police Retirement System code.
- Extends the annuity adjustment to surviving spouses.
- Adjustments begin on July 1st of each year.
- Adjustments are paid monthly.
- Adjustments are not retroactive.
- Pro-rata adjustments are provided if the retirant or surviving spouse has been receiving benefits for less than a year.
Who is affected
- West Virginia State Police Retirees
- Surviving Spouses of West Virginia State Police Retirees
- West Virginia State Police Retirement System
Notable changes
- Lowers the minimum age for eligibility for annuity adjustments from an unspecified age to 63 years old.
- Establishes a specific annuity adjustment rate of one percent.
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