To require all West Virginia public employee retirement agencies to provide an annual cost of living adjustment for all retirees who have been retired for over ten (10) years

HB 2075 requires West Virginia's public employee and teacher retirement systems to provide an annual cost-of-living adjustment (COLA) to retirees who have been retired for over 10 years. The first COLA payment must be made by June 30, 2025, and applies to all eligible retirees currently receiving annual retirement annuities. The adjustment also extends to surviving spouses and dependents who receive benefits from the retirement systems. This policy change applies specifically to retirees who voluntarily retired in good standing under normal circumstances, with the Legislature required to review the provision every decade.