Increase state employees retirement by the previous years inflation amount

HB 3126 would adjust retirement payments for certain West Virginia state retirees by tying their monthly annuity increases to the previous year's inflation rate. It directly affects state retirees who have received benefits for more than five years as of July 1, 2025, requiring them to apply for the adjustment. The bill adds a provision to the state retirement law, providing an additional monthly supplement based on the prior year's inflation percentage, on top of existing retirement allowances. This change aims to help retirees keep pace with cost-of-living increases without altering the core retirement benefit structure.