This bill proposes amendments to the Code of West Virginia regarding the use of accrued annual and sick leave for retirement service credit within the Teachers Retirement System. Specifically, it allows employees who have accrued annual or sick leave to convert that leave into retirement service credit, which can enhance their retirement benefits. The bill outlines the conditions under which this conversion can occur, particularly for employees who participated in the plan before July 1988, as well as those who joined after that date.

Additionally, the bill includes provisions that modify existing language concerning the eligibility of employees for extended insurance coverage after involuntary termination, specifying that employees discharged for misconduct may not be eligible for such benefits. It also clarifies that employees hired after certain dates (July 1, 2001, and July 1, 2009) cannot apply 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 for teachers regarding their retirement planning.

Statutes affected:
Introduced Version: 5-16-13