HB 3506
Relating to contributions to the retirement system for judges of courts of record.
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the retirement system for West Virginia judges of courts of record. It establishes a consistent employee contribution rate of 7% of salary, effective July 1, 2025, replacing previous increases. The employer contribution is suspended under certain circumstances, and the board’s contribution rate will be determined annually based on actuarial valuations. The bill also addresses leased employees, military service credit, and prosecutorial service credit, with specific requirements and limitations outlined.
Key provisions
- Sets the employee contribution rate for judges of courts of record at 7% of salary, effective July 1, 2025.
- Suspends the employer contribution under certain circumstances.
- Establishes an annual actuarial valuation to determine the board’s contribution rate.
- Defines ‘leased employees’ and excludes them from participation in the retirement system.
- Allows judges to claim up to five years of allowable maximum military service without contribution.
- Addresses credit for prosecuting attorney service rendered prior to 1987, requiring payments to the fund.
- Specifies that service after 1988 will not be considered for retirement benefits.
- Aligns with Internal Revenue Code Section 414(u) regarding military service credit.
Who is affected
- West Virginia Judges of Courts of Record
- West Virginia State Employees (specifically judges)
- The Judges’ Retirement Fund
- The State Actuary
- The West Virginia Legislature
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