SB 885
Allowing Tier II teachers to bank unused sick time toward retirement
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill allows Tier II teachers in West Virginia to use accrued unused sick and annual leave to increase their retirement benefits. Specifically, it proposes that for every two days of accrued sick or annual leave, a teacher will receive one day’s credit toward their retirement. This change applies to teachers who first became members of the Teachers Retirement System on or after July 1, 2015. The bill also addresses premium costs for extended health insurance coverage for retirees and their dependents.
Key provisions
- Teachers with accrued sick and annual leave can apply it toward a higher retirement benefit.
- One day of retirement service credit is awarded for every two days of accrued sick or annual leave.
- This provision applies to teachers who joined the Teachers Retirement System after July 1, 2015.
- The bill addresses premium costs for extended health insurance coverage for retirees and their dependents.
- It clarifies rules for higher education faculty retirement coverage.
- It establishes a process for surviving spouses and dependents to continue health insurance coverage.
- It prohibits new employees hired after specific dates (2001 and 2009) from using accrued leave to pay for extended coverage.
- The bill includes provisions for employees with 20 years of service or 20 years of coverage to continue benefits if they pay 105% of the cost.
Who is affected
- West Virginia Tier II teachers
- Teachers Retirement System members
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