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. For members who joined the retirement system before July 1, 2015, the bill allows for two workdays of credit for each day of accrued leave used, while for those who joined on or after that date, the credit is set at one workday for each day of leave. The calculation for retirement service credit remains consistent, with each month equating to 20 workdays.
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 ensures that all members, regardless of their start date, have the option to utilize their accrued leave days to enhance their retirement benefits, thereby promoting equity within the retirement system.
Statutes affected: Introduced Version: 15-2A-21