2026 Regular Session
HB 5046
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 by increasing the age at which retirants become eligible for an annual annuity adjustment. Specifically, it lowers the age to 63 years old, allowing older retirants to receive a one percent annual increase in their retirement or survivor annuity. The adjustments will begin on July 1st of each year and be paid monthly.
Key provisions
- Lowers the age of retirants eligible for an annual annuity adjustment to 63 years old.
- Provides a one percent annual adjustment to retirement and survivor annuity awards.
- Adjustments begin on July 1st of each year.
- Payments are made in equal monthly installments.
- Adjustments supplement existing retirement awards and benefits.
- The adjustment is not retroactive.
- A pro rata share of the full year's adjustment is provided if the retirant or surviving spouse has been retired or receiving payments for less than a year.
Who is affected
- West Virginia State Police Retirants
- Surviving Spouses of West Virginia State Police Retirants
Notable changes
- This bill establishes a specific age threshold (63) for eligibility.
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