This bill proposes an amendment to the Deputy Sheriff Retirement System Act in West Virginia, specifically to section 7-14D-2, which defines the "accrued benefit" for members of the system. The key change is the increase of the retirement benefit multiplier 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 aims to enhance the retirement benefits for deputy sheriffs, reflecting a commitment to improving the financial security of law enforcement personnel upon retirement. The proposed change is intended to provide a more substantial retirement income for these members, acknowledging their service and the risks associated with their profession. The legal language that is being deleted indicates the previous multiplier, while the new language specifies the updated percentage.

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