SB 31
Enhancing retirement benefit for certain Public Employees Retirement Act members
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 31 proposes an enhanced retirement benefit for certain retirees under the West Virginia Public Employees Retirement Act. This bill would provide a monthly annuity increase to retirees who are over 77 years old, retired before June 30, 2020, and have received defined retirement benefits for at least 12 years. The increase would be equal to 103 percent of their annual retirement payment at age 65. This enhancement is intended to supplement existing retirement allowances.
Key provisions
- Provides an enhanced retirement annuity for eligible retirees.
- Eligibility requires age 77 or older.
- Must have retired before June 30, 2020.
- Requires at least 12 years of receiving defined retirement benefits.
- The enhanced annuity is 103 percent of the retiree’s annual payment at age 65.
- Payment is made monthly.
Who is affected
- West Virginia Public Employees Retirement Act retirees
- Retirees over 77 years old
- Retirees who retired before June 30, 2020
Notable changes
- Creates a new section in the West Virginia Code regarding enhanced retirement benefits.
- Specifies the criteria for receiving the enhanced annuity.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours