HB 2705
To allow Tier II teachers to be able to bank unused sick time towards retirement
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows Tier II teachers in West Virginia to use accrued unused sick and annual leave to increase their retirement benefits. Specifically, it allows these teachers to convert two days of accrued leave into one day of retirement service credit. The bill also clarifies provisions regarding health insurance coverage for retirees, spouses, and dependents, and addresses specific rules for higher education faculty and employees hired after certain dates.
Key provisions
- Allows Tier II teachers to convert accrued unused sick and annual leave into retirement service credit (two days of leave for one day of credit).
- Clarifies rules for extending health insurance coverage for retirees, spouses, and dependents.
- Specifies premium contributions for retiree health insurance coverage.
- Addresses coverage for higher education faculty with annual contracts.
- Outlines provisions for employees hired after specific dates regarding leave conversion for retirement.
- Addresses the prohibition on converting accrued leave for extended coverage for new employees hired after 2001 and 2009.
Who is affected
- Tier II teachers in West Virginia
- The Teachers Retirement System of West Virginia
- State employees
- Spouses and dependents of state employees
- Higher education faculty
Notable changes
- Introduces a new mechanism for Tier II teachers to increase retirement benefits through accrued leave.
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