2026 Regular Session
HB 5467
To increase the Deputy Sheriff retirement multiplier from 2.75 to 3.0
In Committee
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to increase the retirement multiplier for West Virginia Deputy Sheriffs. Currently, the multiplier is 2.75%, but this legislation seeks to raise it to 3.0%. This change would likely result in higher retirement benefits for eligible deputy sheriffs who have accrued service with the state. The bill specifically targets the Deputy Sheriff Retirement System Act.
Key provisions
- Increases the deputy sheriff retirement multiplier from 2.75% to 3.0%.
- Amends West Virginia Code §7-14D-2 to reflect the change in the multiplier.
- Defines key terms related to the deputy sheriff retirement system, including accrued benefit, accumulated contributions, and active member.
- Specifies the calculation of the final average salary used in determining retirement benefits.
- Outlines eligibility criteria for early and normal retirement ages.
- Details the process for crediting years of service for various types of employment and military duty.
- Addresses the calculation of an ‘actuarial equivalent’ for benefit calculations.
- Clarifies definitions related to disability and dependent status.
Who is affected
- West Virginia Deputy Sheriffs
- The West Virginia Consolidated Public Retirement Board
- County Commissions
- State Government Employees
- Retirees
Notable changes
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