This bill proposes an amendment to the Deputy Sheriff Retirement System Act in West Virginia, specifically to section 7-14D-2 of the Code of West Virginia. The primary change is to increase the retirement benefit multiplier for members of the Deputy Sheriff Retirement System from two and one-half percent to three percent of the member's final average salary, multiplied by the member's years of credited service. This adjustment applies to members who retire on or after July 1, 2018.

The bill includes a deletion of the phrase "two and one-half" and replaces it with "three" in the definition of "accrued benefit." This change aims to enhance the retirement benefits for deputy sheriffs, thereby providing them with a more substantial financial incentive upon retirement based on their years of service and final average salary. The bill has been introduced and referred to the relevant committees for further consideration.

Statutes affected:
Introduced Version: 7-14D-2