This bill proposes an amendment to the Code of West Virginia, specifically targeting the deputy sheriff retirement system. The primary change involves increasing the multiplier for the accrued benefit of deputy sheriffs from two and a 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, thereby enhancing their retirement benefits.

In addition to the increase in the multiplier, the bill also includes various deletions and insertions of legal language to clarify definitions related to the deputy sheriff retirement system. For instance, the term "accrued benefit" is updated to reflect the new three percent multiplier, while other definitions remain largely unchanged. The overall aim of the bill is to provide improved retirement benefits for deputy sheriffs, recognizing their service and contributions to public safety.

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