This bill amends the Code of West Virginia to allow employees participating in the Teachers Retirement System to use their accrued annual and sick leave for retirement service credit. Specifically, it introduces provisions that enable employees to convert their accrued leave into additional retirement service credit, which can enhance their retirement benefits. The bill outlines the formulas for calculating the conversion of leave days into retirement service credit, ensuring that employees can benefit from their accrued leave when they retire.

Additionally, the bill modifies existing language regarding the eligibility of employees who are discharged for misconduct, stating that such employees may not be eligible for extended benefits under certain conditions. It also clarifies that employees hired after specific dates (July 1, 2001, and July 1, 2009) will not be able to apply their accrued leave or years of teaching service toward the cost of premiums for extended insurance coverage upon retirement. Overall, the bill aims to provide more flexibility and benefits to teachers regarding their retirement planning.

Statutes affected:
Introduced Version: 5-16-13