By February 7, 2019 Read More →

West Virginia Senate advances bill to raise minimum pensions for public school/state retirees

By PHIL KABLER

Charleston Gazette-Mail

CHARLESTON, W.Va. — Legislation to increase minimum pensions for retired public school and other state employees to $750 a month cleared a first hurdle Wednesday, advancing from the West Virginia Senate’s Pensions Committee.

It would be the first increase in the pension “floor” since the minimum retirement benefit was raised to $500 a month in 2000, and would cost the state about $6.6 million a year.

Jeff Fleck, executive director of the Consolidated Public Retirement Board, said Senate Bill 341 is intended to assist retirees who worked in lower-paid positions or who have been retired for a long time.

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