HB4525 - Relating to the Deputy Sheriff Retirement System Act
West Virginia - 2024 Regular Session
Introduced byJonathan Adam Pinson
Last updated 9 months ago
1 Co-Sponsor
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.
STATUS
Introduced
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