HB 2507
To modify the teacher retirement system so that Tier 2 teachers may use annual/sick leave towards retirement
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the West Virginia Teachers Retirement System to allow Tier 2 teachers to use accrued annual and sick leave towards retirement service credit. It outlines how these accrued days can be converted into additional credit for retirement benefits, with different formulas applying to teachers who joined the system before and after certain dates. The bill also addresses retiree health insurance coverage, including provisions for surviving spouses and dependents.
Key provisions
- Tier 2 teachers can use accrued annual and sick leave for retirement service credit.
- The conversion rate of leave days to retirement credit varies based on when the teacher joined the system (pre- or post-2001).
- Retired employees are eligible for health insurance coverage.
- Spouses and dependents of deceased employees are eligible for continued health insurance coverage.
- Premium costs for retiree health insurance are established by the finance board.
- Certain higher education faculty members have specific rules for calculating extended coverage upon retirement.
- Employees with 20 years of service or who have been covered for 20 years can continue coverage if they pay 105% of the premium cost.
- New employees hired after July 1, 2009, and after June 2001, cannot use accrued leave for premium payments toward extended coverage.
Who is affected
- West Virginia Teachers
- Teachers Retirement System Participants
- Retired Teachers
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours