West Virginia Code
Article 2A. West Virginia State Police Retirement System
§15-2A-7. Annual Annuity Adjustment

(a) Every retirant of the fund who is sixty-three years of age or older and who is retired by the board under the provisions of section six of this article; every retirant who is retired under the provisions of section nine or ten of this article; and every surviving spouse receiving a benefit pursuant to section twelve, thirteen or fourteen of this article is eligible to receive an annual retirement annuity adjustment equal to one percent of his or her retirement award or surviving spouse award. The adjustments may not be retroactive. Yearly adjustments shall begin upon July 1, of each year. The annuity adjustments shall be paid to the retirant or surviving spouse from the fund in equal monthly installments while the retirant or surviving spouse are receiving annuity payments. The annuity adjustments shall supplement the retirement awards and benefits provided in this article.
(b) Any retirant or surviving spouse who receives a benefit pursuant to the provisions of section nine, ten, twelve, thirteen or fourteen of this article shall begin to receive the annual annuity adjustment one year after the commencement of the benefit on the next July first: Provided, That if the retirant has been retired for less than one year or if the surviving spouse has been in receipt of surviving spouse payments for less than one year when the first annuity adjustment is given on that July first, that first annuity adjustment will be a pro rata share of the full year's annuity adjustment.

Structure West Virginia Code

West Virginia Code

Chapter 15. Public Safety

Article 2A. West Virginia State Police Retirement System

§15-2A-1. Short Title

§15-2A-2. Definitions

§15-2A-3. Continuation and Administration of West Virginia State Police Retirement System; Leased Employees; Federal Qualification Requirements

§15-2A-4. Participation in System; Continuation of Fund

§15-2A-4a. Specification of Actuarial Assumptions

§15-2A-5. Employee Contributions; Employer Contributions; Forfeitures

§15-2A-6. Retirement; Commencement of Benefits

§15-2A-6a. Federal Law Maximum Benefit Limitations

§15-2A-6b. Federal Law Minimum Required Distributions

§15-2A-6c. Direct Rollovers

§15-2A-6d. Rollovers and Transfers to Purchase Service Credit or Repay Withdrawn Contributions

§15-2A-7. Annual Annuity Adjustment

§15-2A-8. Refunds to Certain Members Upon Discharge of Resignation; Deferred Retirement

§15-2A-9. Awards and Benefits for Disability -- Incurred in Performance of Duty

§15-2A-10. Same -- Due to Other Causes

§15-2A-11. Same -- Physical Examinations; Termination

§15-2A-11a. Physical Examinations of Prospective Members; Application for Disability Benefit; Determinations

§15-2A-11b. Annual Report on Each Employer's Disability Retirement Experience

§15-2A-12. Awards and Benefits to Dependents of Employees or Retirants - When Employee Dies in Performance of Duty, etc.; Dependent Child Scholarship and Amount

§15-2A-13. Same -- When Member Dies From Nonservice-Connected Causes Before Serving Twenty Years

§15-2A-14. Awards and Benefits to Dependents of Member -- When Member Dies After Retirement or After Serving Twenty Years

§15-2A-15. Exemption From Taxation, Garnishment and Other Process; Exception for Certain Qualified Domestic Relations Orders

§15-2A-16. Fraud; Penalties

§15-2A-17. Awards and Benefits to Dependents of Member -- Termination

§15-2A-18. Authority to Continue Payments to Certain Dependents

§15-2A-19. Credit Toward Retirement for Member's Prior Military Service; Credit Toward Retirement When Member Has Joined Armed Forces in Time of Armed Conflict; Qualified Military Service

§15-2A-20. Benefits Not Forfeited if System Terminates

§15-2A-21. Retirement Credited Service Through Member's Use, as Option, of Accrued Annual or Sick Leave Days

§15-2A-22. Limitations on Benefit Increases

§15-2A-23. Correction of Errors; Underpayments; Overpayments