This bill amends the West Virginia Public Employees Retirement Act to allow all members of the West Virginia Public Employees Retirement System to apply their unused sick leave toward retirement credit. Specifically, it modifies the existing provisions regarding the use of accrued annual and sick leave days at retirement. The bill establishes that for each day of accrued leave, members will receive two workdays of credit, with specific calculations for converting these days into months of retirement service credit.
Additionally, the bill removes the previous restriction that prohibited members who joined the retirement system after July 1, 2015, from applying their accrued sick leave to retirement credit. The new language clarifies that the credited service from unused sick leave will not be considered in relation to the maximum limit of 12 months of credited service within any given year. Overall, the bill aims to enhance the retirement benefits for public employees by allowing greater flexibility in how their accrued leave can contribute to their retirement service credit.
Statutes affected: Introduced Version: 5-10-15a