SB 874
Permitting current home confinement officers to participate in Emergency Medical Services Retirement System
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 Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill amends West Virginia code to allow current home confinement officers in the state to participate in the Emergency Medical Services Retirement System. It establishes a process for transferring assets from the Public Employees Retirement System to the Emergency Medical Services Retirement System for these officers. The bill also outlines specific calculations for determining the amount of assets to be transferred and establishes a repayment schedule for any overpayments made to the Public Employees Retirement System.
Key provisions
- Allows current home confinement officers to participate in the Emergency Medical Services Retirement System.
- Establishes a process for transferring assets from the Public Employees Retirement System to the Emergency Medical Services Retirement System.
- Specifies a calculation method for determining the amount of assets to be transferred, based on actuarial valuations and funded percentages.
- Requires repayment of any overpayments made to the Public Employees Retirement System by transferring home confinement officers.
- Sets a deadline of December 31, 2024, for the transfer of assets.
- Allows for retirement to commence on or after January 1, 2025.
Who is affected
- Home confinement officers in West Virginia
- Current employees of county sheriff’s offices
- The Public Employees Retirement System
- The Emergency Medical Services Retirement System
- County commissions and political subdivisions
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