This bill amends the West Virginia State Police Retirement System by allowing members to use accrued annual or sick leave days to acquire additional credited service toward retirement. Specifically, it clarifies that one leave day is equivalent to eight hours of leave. Members who joined the retirement system before July 1, 2015, can use their accrued leave at a rate of two workdays' credit for each day of leave, while those who joined on or after that date will receive one day's credit for each day of leave. The bill also stipulates that each month of retirement service credit will equal 20 workdays, with specific rules for how remaining days are treated.
Additionally, the bill removes the previous restriction that prohibited members who joined the retirement system after July 1, 2015, from using their accrued leave for additional credited service. This change allows all members, regardless of their start date, to benefit from their accrued leave when calculating retirement service credits, thereby enhancing their retirement options.
Statutes affected: Introduced Version: 15-2A-21