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 4154 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. It directly affects current retirees from both the Public Employees Retirement System and State Teachers Retirement System who voluntarily retired in good standing. The bill mandates the first full COLA payment by June 30, 2026, with subsequent annual payments, and extends these adjustments pro-rata to beneficiaries receiving retirement benefits. This policy change modifies retirement benefit payments without altering eligibility or contribution requirements.