SB 712
Relating to retirement provisions of systems managed by CPRB
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill makes changes to retirement provisions for several West Virginia public employee systems, including the Public Employees Retirement System, Deputy Sheriffs’ Retirement System, Municipal Police and Firefighters Retirement System, and State Police Retirement System. It clarifies terms like ‘bona fide separation from service,’ defines ‘required beginning date,’ and addresses issues related to reemployment of retirees, particularly for former legislators. The bill also includes provisions related to distributing retirement funds to cover health insurance premiums and adjusts rules for calculating accrued benefits and annual compensation.
Key provisions
- Defines key terms such as ‘bona fide separation from service,’ ‘participating public employer,’ and ‘retirant.’
- Clarifies the definition of ‘required beginning date’ to align with federal law.
- Addresses reemployment of retired public safety officers, allowing them to work on a limited per diem basis while receiving an annuity.
- Provides for the distribution of retirement funds to cover qualified health insurance premiums.
- Modifies the calculation of accrued benefits and annual compensation.
- Adds the Emergency Medical Services Retirement System to the list of systems covered by the bill.
- Updates provisions related to the calculation of final average salary.
- Includes technical clean-up of existing provisions.
Who is affected
- West Virginia Public Employees
- Deputy Sheriffs
- Municipal Police Officers and Firefighters
- State Police Officers
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