Bill Text: WV HB4614 | 2022 | Regular Session | Comm Sub
Bill Title: Providing optional retirement service credit for unused accrued annual or sick leave days for municipal police and firefighters
Spectrum: Strong Partisan Bill (Republican 10-1)
Status: (Engrossed - Dead) 2022-03-01 - To Pensions [HB4614 Detail]
Download: West_Virginia-2022-HB4614-Comm_Sub.html
WEST virginia legislature
2022 regular session
Committee Substitute
for
House Bill 4614
By Delegates Storch, Gearheart, Criss, Householder, Statler, Westfall, Riley, Wamsley, Jennings, D. Kelly, and Pethtel
[Originating in the Committee on Finance; February 21, 2022]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §8-22A-13a, relating to authorizing service credit for unused accrued annual or sick leave days for use in determining retirement benefits in the West Virginia Municipal Police Officers and Firefighters Retirement System.
Be it enacted by the Legislature of West Virginia:
ARTICLE 22a. WEST VIRGINIA MUNICIPAL POLICE OFFICERS AND FIREFIGHTERS RETIREMENT SYSTEM.
§8-22A-13a. Retirement credited service through member’s use, as option, of accrued annual or sick leave days.
Any member accruing annual leave or sick leave days may, after the effective date of this section, elect to use the days at the time of retirement to acquire additional credited service in this retirement system. The days shall be applied on the basis of two workdays’ credit granted for each one day of accrued annual or sick leave days, with each month of retirement service credit to equal 20 workdays and with any remainder of 10 workdays or more to constitute a full month of additional credit and any remainder of less than 10 workdays to be dropped and not used, notwithstanding any provisions of this code to the contrary. The credited service shall be allowed and not considered to controvert the requirement of no more than 12 months’ credited service in any year’s period.