West Virginia § 18-7A-26u One-time bonus payment for certain annuitants effective July 1, 2008

West Virginia Statutes

§ 18-7A-26u — One-time bonus payment for certain annuitants effective July 1, 2008

West Virginia § 18-7A-26u

Ch. 18EDUCATION

Art. 7ASTATE TEACHERS RETIREMENT SYSTEM

This text of West Virginia § 18-7A-26u (One-time bonus payment for certain annuitants effective July 1, 2008) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 18-7A-26u (2026).

Text

(a)As an additional bonus payment to other retirement allowances provided, a one-time bonus payment to retirement benefits shall be paid to retirants of the retirement system as provided in subsection (b) of this section. The one-time bonus payment shall equal $600 and shall be paid on July 25, 2008.

(b)The one-time bonus payment provided in this section applies to any retirant with at least twenty years of service as a contributing member who currently receives an annual retirement annuity of not more than $7,200. This one-time bonus payment is subject to any applicable limitations under section 415 of the Internal Revenue Code of 1986, as amended.

(c)The one-time bonus payment provided by this section shall be payable pro rata to any beneficiaries of a qualifying retirant who curren

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(a) As an additional bonus payment to other retirement allowances provided, a one-time bonus payment to retirement benefits shall be paid to retirants of the retirement system as provided in subsection (b) of this section. The one-time bonus payment shall equal $600 and shall be paid on July 25, 2008.

(b) The one-time bonus payment provided in this section applies to any retirant with at least twenty years of service as a contributing member who currently receives an annual retirement annuity of not more than $7,200. This one-time bonus payment is subject to any applicable limitations under section 415 of the Internal Revenue Code of 1986, as amended.

(c) The one-time bonus payment provided by this section shall be payable pro rata to any beneficiaries of a qualifying retirant who currently receive an annuity or other benefit payable by the retirement system.