To increase the pay for retired state employees by 5% over three years beginning in 2025

HB 2632 increases retirement benefits for eligible West Virginia state employees and teachers. It provides a phased 5% raise over three years (2.5% in 2025, 1.5% in 2026, 1% in 2027) to retirees aged 70+ with at least 25 years of service who currently receive less than $1,000 monthly. The increase applies only to those retired before the bill's effective date and does not affect current employees. This change modifies existing retirement system rules under Sections 5-10-22n (public employees) and 18-7A-26y (teachers).