WV HB4525 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - To House Pensions and Retirement
Pending: House Pensions & Retirement Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - To House Pensions and Retirement
Pending: House Pensions & Retirement Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to provide an annual annuity adjustment of 1% for eligible deputy sheriff retirants and surviving spouses when the plan has reached a funded level of 105 percent. The bill permits the board to set the employer contribution rate, and the maximum employer contribution rate will be 13% after the first annual annuity adjustment is paid.
Title
Relating to the Deputy Sheriff Retirement System Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-10 | House | To House Pensions and Retirement |
| 2024-01-10 | House | Introduced in House |
| 2024-01-10 | House | To Pensions and Retirement then Finance |
| 2024-01-10 | House | Filed for introduction |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 7 | 14D | 11a | New Code | See Bill Text |
| 7 | 14D | 7 | Amended Code | Citation Text |
