To provide a 5% cost of living increase for state retirees who make under $60,000 per year

HB 5052 provides a one-time 10% cost-of-living supplement to retirement benefits for eligible West Virginia state retirees whose annual benefits are under $75,000. It applies to retirees aged 65 or older who have been retired for at least five consecutive years as of July 1, 2027. The supplement equals 10% of the retiree’s benefit amount below $75,000, paid as a single lump sum. This applies only to retirees who retired before or on the effective date, excluding those receiving benefits under certain IRS limitations. The bill does not create an ongoing annual adjustment but offers a one-time financial boost to lower-income retirees.