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HB5052 • 2026

To provide a 5% cost of living increase for state retirees who make under $60,000 per year

To provide a 5% cost of living increase for state retirees who make under $60,000 per year

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Toney
Last action
2026-02-02
Official status
H To House Finance 02/02/26
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-02-02 H

    To House Finance

  2. 2026-02-02 H

    Introduced in House

  3. 2026-02-02 H

    To Finance

  4. 2026-02-02 H

    Filed for introduction

Official Summary Text

To provide a 5% cost of living increase for state retirees who make under $60,000 per year

Current Bill Text

Read the full stored bill text
HB 5052 Text

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Introduced Version

House Bill 5052 History

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WEST VIRGINIA LEGISLATURE
2026
REGULAR SESSION

FISCAL NOTE

Introduced
House Bill 5052
By Delegate Toney
[Introduced February 02, 2026; referred to the Committee on Finance]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §5-10-56, relating to a one-time cost-of-living supplement to retirement benefits under $75,000 a year.
Be it enacted by the Legislature of West Virginia:

ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.

§5-10-56. One-time supplement for certain annuitants effective July 1, 2027.

A one-time cost-of-living supplement to retirement benefits shall be provided to retirees of this system who have: (i) Reached the specified age threshold; (ii) have been in retirement status for the specified number of years; and (iii) whose annual retirement benefit is under $75,000, as follows:
(1) For retirees who, as of July 1, 2027, are at least 65 years of age and who have been an annuitant for at least five consecutive years, this one-time supplement shall equal 10 percent of his or her annuity benefit that is under $75,000 a year, as of the effective date of this section;
(2) The one-time supplement provided for in this section applies only to members who have retired prior to or as of the effective date of this section or, if applicable, to beneficiaries receiving benefits under the retirement system prior to or as of the effective date of this section:
Provided
, That the supplement provided herein is subject to any applicable limitations thereon under Section 415 of the Internal Revenue Code of 1986, as amended.
NOTE: The purpose of this bill is to provide a one-time cost-of-living supplement to retirement benefits of under $75,000 a year.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.

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