Providing a cost-of-living provision for certain persons retired under the Public Employees Retirement System and the Teachers Retirement System

HB 5360 would provide cost-of-living adjustments to certain retired public employees and teachers in West Virginia. Starting July 1, 2026, retirees aged 60+ who have received retirement payments for at least five years under the Public Employees Retirement System or Teachers Retirement System would automatically receive monthly adjustments equal to the annual increase in the U.S. Bureau of Labor Statistics' consumer price index. This change directly affects eligible retirees by linking their annuity payments to inflation. The bill does not create new benefits but modifies existing retirement payments to help offset rising living costs. The proposal is currently under review by the House Finance Committee.