HB 5051
To modify the teacher retirement system so that Tier 2 teachers may use annual/sick leave towards retirement
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the West Virginia Teachers Retirement System to allow Tier 2 teachers to use accrued annual and sick leave towards retirement service credit. It outlines how these days of leave can be converted into additional credit for retirement benefits, with different formulas applying to teachers who joined the system before and after certain dates. The bill also addresses extended health insurance coverage for retirees and their families, establishing premium contribution requirements and eligibility criteria.
Key provisions
- Tier 2 teachers can use accrued annual and sick leave for retirement service credit.
- The number of leave days credited towards retirement benefits varies depending on when the teacher joined the system (before or after June 1988 and July 2001).
- Extended health insurance coverage is available to retirees and their families, with premium costs determined by the finance board.
- Higher education faculty members on annual contracts are eligible for extended insurance coverage based on years of service.
- A surviving spouse and dependents of a deceased employee are eligible for health insurance coverage.
- Employees with 20 years of service or 20 years of participation in the program may continue coverage if they pay 105% of the premium cost.
- New employees hired after July 1, 2001, and July 2009, cannot use accrued leave to pay for extended coverage.
- Accrued years of teaching service cannot be used for extended coverage for new employees hired after July 1, 2009.
Who is affected
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