SB 653
Relating generally to EMS retirement
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill amends the West Virginia Emergency Medical Services Retirement System to extend retirement benefits to emergency vehicle operators. It also modifies the definition of ‘final average salary’ and includes provisions related to funding requirements and benefit increases based on the system’s funded status. Specifically, it outlines adjustments to contribution rates and benefit levels as the system approaches certain funding targets.
Key provisions
- Extends retirement benefits to emergency vehicle operators.
- Modifies the definition of ‘final average salary’ to include service as an emergency vehicle operator.
- Increases contribution rates if the system’s funding falls below 70%.
- Decreases contribution rates once the system reaches 70% funding.
- Increases the maximum benefit to 90% when the system reaches 75% funding.
- Specifies accrued benefit calculations for 911 personnel with transferred assets.
- Addresses ‘employer error’ and its impact on contributions.
- Defines ‘Year of Service’ for calculating retirement benefits.
Who is affected
- Emergency Medical Services Officers
- 911 Personnel
- County Firefighters
- West Virginia State Government
- County Commissions and Political Subdivisions
Notable changes
- Increases the maximum retirement benefit to 90% when the system reaches 75% funded.
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