Associated Press. 729 0 obj
<>
endobj
calendar years referenced in this section: , That the employee has not retired prior to the effective date of the amendments made to this section in the 2002 regular session of the Legislature. Certification of employment for a complete legislative session and for interim days shall be determined by the clerk of the house in which the employee served, based upon employment records. Email: CPRB@wv.gov, -The CPRB is currently open Monday through Friday
Civilian employees of the West Virginia State Police are members of the Public .
-Expecting a first retirement check or a refund? He receives a pension from the Public Employees Retirement System (PERS). You will need to fill out a. (g) (1) Notwithstanding any provision to the contrary, the, and the service credit requirements set forth in this section shall be applied retroactively to all periods of legislative employment prior to the passage of this section, including any periods of legislative employment occurring before the. (a) The board of trustees shall credit each member with the prior service and contributing service to which he or she is entitled based upon rules adopted by the board of trustees and based upon the following: (1) In no event may less than 10 days of service rendered by a member in any calendar month be credited as a month of service: Provided, That for employees of the State Legislature whose term of employment is otherwise classified as temporary and who are employed to perform services required by the Legislature for its regular sessions or during the interim between regular sessions and who have been or are employed during regular sessions or during the interim between regular sessions in seven consecutive five calendar years, service credit of one month shall be awarded for each 10 days employed in the interim between regular sessions, which interim days shall be cumulatively calculated so that any 10 days, regardless of calendar month or year, shall be calculated toward any award of one month of service credit; (2) Except for hourly employees, and those persons who first become members of the retirement system on or after July 1, 2015, 10 or more months of service credit earned in any calendar year shall be credited as a year of service: Provided, That no more than one year of service may be credited to any member for all service rendered by him or her in any calendar year and no days may be carried over by a member from one calendar year to another calendar year where the member has received a full-year credit for that year; and. Menu. or more consecutive calendar years, as certified by the clerk of the house in which the employee served, is an employee, any provision to the contrary in this article notwithstanding, and is entitled to credited service in accordance with provisions of 5-10-14 of this code: , That members of the legislative body of any political subdivision and commissioners of the West Virginia Claims Commission are employees receiving one year of service credit for each one-year term served and prorated service credit for any partial term served, anything contained in this article to the contrary notwithstanding: , That only a compensated board member of a participating public employer appointed to a board of a nonlegislative body for the first time on or after July 1, 2014, who normally is required to work 12 months per year and 1040 hours of service per year is an employee. You may continue your basic, optional and dependent life insurance at the time of retirement. (f) Any employee may purchase retroactive service credit for periods of employment in which contributions were not deducted from the employees pay. Other employees shall pay the states share and the employees share to purchase retroactive service credit. Retiree Newsletter Volume 1 2022 Volume 1 2020 . Plan provides a complement to help you save toward your financial goals in . (B) If the member has less than five years of credited service, the average of the annual rate of compensation received by the member during his or her total years of credited service; and in determining the annual compensation, under either paragraph (A) or (B) of this subdivision, of a member of the Legislature who participates in the retirement system as a member of the Legislature in the year 1971, or in any year thereafter, his or her actual legislative compensation (the total of all compensation paid under 4-2A-2, 4-2A-3, 4-2A-4, and 4-2A-5 of this code), in the year 1971, or in any year thereafter, plus any other compensation he or she receives in any year from any other participating public employer including the State of West Virginia, without any multiple in excess of one times his or her actual legislative compensation and other compensation, shall be used: Provided, That final average salary for any former member of the Legislature or for any member of the Legislature in the year 1971 who, in either event, was a member of the Legislature on November 30, 1968, or November 30, 1969, or November 30, 1970, or on November 30 in any one or more of those three years and who participated in the retirement system as a member of the Legislature in any one or more of those years means: (i) Either, notwithstanding the provisions of this subdivision preceding this proviso, $1,500 multiplied by eight, plus the highest other compensation the former member or member received in any one of the three years from any other participating public employer including the State of West Virginia; or (ii) final average salary determined in accordance with paragraph (A) or (B) of this subdivision, whichever computation produces the higher final average salary, and in determining the annual compensation under subparagraph (ii) of this paragraph, the legislative compensation of the former member shall be computed on the basis of $1,500 multiplied by eight, and the legislative compensation of the member shall be computed on the basis set forth in the provisions of this subdivision immediately preceding this paragraph or on the basis of $1,500 multiplied by eight, whichever computation as to the member produces the higher annual compensation; (14) "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended, codified at Title 26 of the United States Code; (15) "Limited credited service" means service by employees of the West Virginia Educational Broadcasting Authority, in the employment of West Virginia University, during a period when the employee made contributions to another retirement system, as required by West Virginia University, and did not make contributions to the Public Employees Retirement System: Provided, That while limited credited service can be used for the formula set forth in 5-10-21(e) of this code, it may not be used to increase benefits calculated under 5-10-22 of this code; (16) "Member" means any person who has accumulated contributions standing to his or her credit in the members deposit fund; (17) "Participating public employer" means the State of West Virginia, any board, commission, department, institution or spending unit and includes any agency created by rule of the Supreme Court of Appeals having full-time employees, which for the purposes of this article is considered a department of state government; and any political subdivision in the state which has elected to cover its employees, as defined in this article, under the West Virginia Public Employees Retirement System; (18) "Plan year" means the same as referenced in 5-10-42 of this code; (19) "Political subdivision" means the State of West Virginia, a county, city or town in the state; a school corporation or corporate unit; any separate corporation or instrumentality established by one or more counties, cities or towns, as permitted by law; any corporation or instrumentality supported in most part by counties, cities or towns; and any public corporation charged by law with the performance of a governmental function and whose jurisdiction is coextensive with one or more counties, cities or towns: Provided, That any mental health agency participating in the Public Employees Retirement System before July 1, 1997, is considered a political subdivision solely for the purpose of permitting those employees who are members of the Public Employees Retirement System to remain members and continue to participate in the retirement system at their option after July 1, 1997: Provided, however, That the Regional Community Policing Institute which participated in the Public Employees Retirement System before July 1, 2000, is considered a political subdivision solely for the purpose of permitting those employees who are members of the Public Employees Retirement System to remain members and continue to participate in the Public Employees Retirement System after July 1, 2000; (20) "Prior service" means service rendered prior to July 1, 1961, to the extent credited a member as provided in this article; (21) "Regular interest" means the rate or rates of interest per annum, compounded annually, as the board of trustees adopts from time to time; (22) "Required beginning date" means April 1 of the calendar year following the later of: (A) The calendar year in which the member attains age 70.5 (if born before July 1, 1949) or age 72 (if born after June 30, 1949); or (B) the calendar year in which a member ceases providing service covered under this retirement system to a participating employer; (23) "Retirant" means any member who commences an annuity payable by the retirement system; (24) "Retirement" means a members withdrawal from the employ of a participating public employer and the commencement of an annuity by the retirement system; (25) "Retirement system" or "system" means the West Virginia Public Employees Retirement System created and established by this article; (26) "Retroactive service" means: (1) Service between July 1, 1961, and the date an employer decides to become a participating member of the Public Employees Retirement System; (2) service prior to July 1, 1961, for which the employee is not entitled to prior service at no cost in accordance with 162 CSR 5.12; and (3) service of any member of a legislative body or employees of the State Legislature whose term of employment is otherwise classified as temporary for which the employee is eligible, but for which the employee did not elect to participate at that time; (27) "Service" means personal service rendered to a participating public employer by an employee of a participating public employer; (28) "Special needs trust" means a trust established pursuant to 44D-8B-13 of this code for an individual beneficiary with a disability and such special needs trust is or will become irrevocable by the time the retirant names the special needs trust as the beneficiary of retirants annuity benefits in place of the individual beneficiary and terminates upon the death of the individual beneficiary with no further annuity benefits being payable; and. If you are Medicare Eligible, you may transfer directly to Humana. Employment at the West Virginia Department of Education (WVDE) provides eligible employees with an array of benefit plans that promote health and help you build financial resources for retirement. - any year) Retirement Calculators for the Consolidated Public Retirement Board (CPRB) - You will need to click on your particular retirement plan on the right side of the page to see if a calculator is available. Service credit; retroactive provisions. Pension benefit payments will be issued on the first business day of the month. Insurance is complicated enough, therefore, this website is here to help you navigate the transition from active employee to retiree with or without PEIA coverage., *Retiree Premium Payment and Enrollment Information *Retiree FAQs* Termination Form*Retiree Optional and/or Dependent Life Enrollment Form*
(g) (1) Notwithstanding any provision to the contrary, the seven five consecutive calendar years requirement, and the 13 consecutive seven calendar years requirement, and the service credit requirements set forth in this section shall be applied retroactively to all periods of legislative employment prior to the passage of this section, including any periods of legislative employment occurring before the seven consecutive five and 13 consecutive seven calendar years referenced in this section: Provided, That the employee has not retired prior to the effective date of the amendments made to this section in the 2002 regular session of the Legislature. Any service credit purchased shall be credited as six months for each 60-day session worked, three months for each 30-day session worked or 12 months for each 60-day session for legislative employees who have been employed during regular sessions in. Not to exceed $2,000. Hn@y]] Q5!2%X^kiJ]$o pension from the West Virginia State Police Death, Disability and Retirement Fund. (1) Notwithstanding the provisions of subsection (c) of this section, a retired judge or justice who is recalled and assigned to temporary service as a senior judge or justice by the West Virginia Supreme Court of Appeals may receive per diem compensation pursuant to the requirements of 51-9-10 of this code while continuing to receive his or her annuity. Download 2022 Pay Dates PDF 2022 Pay Dates *The State Controller's Office distinguishes Northern and Southern California using ZIP codes: Southern California is between 90000 through 93599 Northern California is between 93600 through 96199 Coverage will be effective upon approval of PEIAs life insurance carrier. West Virginia Retirement Plus Benefitting People Who Serve. Another alternative is to continue in the PPB plan you have when you retire. Use Self Service to: View your account details. Specific information regarding retirement benefits is available on the West Virginia Consolidated Public Retirement Board's site. The Legislature further finds and declares that reemploying these persons on a limited per diem basis after they have retired is not only in the best interests of this state but has no adverse effect whatsoever upon the actuarial soundness of this particular retirement system. The State of West Virginia offers an outstanding defined benefit pension plan the Public Employees Retirement System (PERS) under the Consolidated Public Retirement Board. Retiree Basic Life and Health Enrollment Form* Summary Plan Description PPB Plans A, B & D* FBMC Retiree Enrollment Forms* FBMC Retiree Benefits Guides*Premium Rate Charts, If you are a Non-Medicare Retiree, your agency participates in PEIA retirement insurance and you want to continue PEIA Health Insurance, you will need visit your Retirement Board and your HR Department. endstream
endobj
730 0 obj
<>/Metadata 156 0 R/Pages 727 0 R/StructTreeRoot 327 0 R/Type/Catalog>>
endobj
731 0 obj
<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 0/Tabs/W/Type/Page>>
endobj
732 0 obj
<>stream
%%EOF
(f) Any employee may purchase retroactive service credit for periods of employment in which contributions were not deducted from the employees pay. You will need to visit the Social Security Office and sign up for Medicare parts A and B. PEIA will need a copy of your Medicare card when you receive it. The 2022 1099-R tax forms for Benefit Recipients will be mailed out on or before Jan 31st, 2023. Senate Bill 582. Employees of the State Legislature whose term of employment is otherwise classified as temporary and who are employed to perform services required by the Legislature for its regular sessions or during the interim time between regular sessions and who have been or are employed during regular sessions or during the interim time between regular sessions in. PERS-Public Employees Retirement System 4101 MacCorkle Avenue, SE Charleston, WV 25304-1636 Phone: (304) 558-5455 Toll Free: (800) 654-4406 Fax: (304) 558-1394 (3) "Actuarial equivalent" means a benefit of equal value computed upon the basis of a mortality table and regular interest adopted by the board of trustees from time to time: , That when used in the context of compliance with the federal maximum benefit requirements of Section 415 of the Internal Revenue Code, actuarial equivalent shall be computed using the mortality tables and interest rates required to comply with those requirements; (8) "Compensation" means the remuneration paid a member by a participating public employer for personal services rendered by the member to the participating public employer. Members. Telephone
DIVISION OF REGULATORY AND FISCAL AFFAIRS. (d) Senior judges, justices, and magistrates. A BILL to amend and reenact 5-10-2, 5-10-14, 5-10-17, and 5-10-48 of the Code of West Virginia, 1931, as amended, all. H
N3!DBei|r)}|~aznbYTI 5=KAm`GT@U3X@&hn]Ql~K/:3TEHw The Legislature hereby further finds and declares that the interests of the public are served when persons having retired from public employment are permitted, within certain limitations, to render post-retirement employment in positions of public service, either in elected or appointed capacities. (2) For purposes of this section, employees of the Joint Committee on Government and Finance are entitled to the same benefits as employees of the House of Delegates or the Senate: Provided, That for joint committee employees whose terms of employment are otherwise classified as temporary, employment in preparation for regular sessions, certified by the legislative manager as required by the Legislature for its regular sessions, shall be considered the same as employment during regular sessions to meet service credit requirements for sessions served. 25 0 obj
<>/Filter/FlateDecode/ID[<51374AFA1FB7F65BDA994737043577AB>]/Index[10 23]/Info 9 0 R/Length 78/Prev 163071/Root 11 0 R/Size 33/Type/XRef/W[1 2 1]>>stream
(c) Any member of the State Legislature, the Clerk of the House of Delegates, the Clerk of the State Senate, and any employee of the State Legislature whose employment is otherwise classified as temporary and who is employed to perform services required by the Legislature for its regular sessions or during the interim between regular sessions and who has been or is employed during regular sessions or during the interim between sessions in. If you wish to elect new or increased life insurance as a retired employee, you must enroll and submit medical information during the calendar month of retirement or the two following calendar months. You can visit customer service at PEIA to pick up a retirement packet or you can contact PEIA customer service at 1-888-680-7342 to requestthat a retirement packet be mailed to you. These payments include, but are not limited to, attendance or performance bonuses, one-time flat fee or lump sum payments, payments paid as a result of excess budget, or employee recognition payments. Once a legislative employee has been employed during regular sessions for seven five consecutive calendar years or has become a full-time employee of the Legislature, that employee shall receive the service credit provided in this section for all regular and interim sessions and interim days worked by that employee, as certified by the clerk of the house in which the employee served, regardless of when the session or interim legislative employment occurred: And provided further, That regular session legislative employment for seven consecutive years may be served in either or both houses of the Legislature. Charleston, WV 25304 Charleston, WV 25305 www.wvretirement.com www.wvsao.gov . 10 0 obj
<>
endobj
You will need to update your coordination of benefits with UMR. That depends on your retirement date and when your final documents are received and processed by CalPERS. Taxable amount of retirement income reported on the federal return received from West Virginia Teachers' Retirement System or West Virginia Public Employees' Retirement System. West Virginia Legislature's Office of Reference & Information. Wv 25304 charleston, WV 25304 charleston, WV 25305 www.wvretirement.com www.wvsao.gov if you are Medicare Eligible you. You save toward your financial goals in complement to help you save toward financial... Which contributions were not deducted from the Public employees retirement System ( PERS ) business of. Your final documents are received and processed by CalPERS save toward your financial goals in Any employee purchase... Coordination of benefits with UMR justices, and magistrates your financial goals in from! < > endobj you will need to update your coordination of benefits with.., 2023 and the employees pay are Medicare Eligible, you may transfer directly to Humana,... Your final documents are received and processed by CalPERS regarding retirement benefits is available on the West Legislature. Justices, and magistrates processed by CalPERS issued on the first business of. Life insurance at the time of retirement out on or before Jan 31st, 2023 benefit... Continue in the PPB plan you have when you retire date and your! Plan you have when you retire Public retirement Board 's site receives a pension from the employees share to retroactive... Plan you have when you retire issued on the West Virginia Legislature 's Office Reference... Will need to update your coordination of benefits with UMR purchase retroactive credit! ) Senior judges, justices, and magistrates the states share and the employees to! Judges, justices, and magistrates documents are received and processed by CalPERS in the plan. Self service to: View your account details pension benefit payments will issued. On the first business day of the month final documents are received and processed by.! On or before Jan 31st, 2023 another alternative is to continue in the plan! Benefits with UMR were not deducted from the employees pay be mailed out or. The West Virginia Legislature 's Office of Reference & information 31st, 2023 issued! ( d ) Senior judges, justices, and magistrates and the employees share to purchase service. You retire System ( PERS ) 's Office of Reference & information goals.... And magistrates a complement to help you save toward your financial goals in day. You will need to update your coordination of benefits with UMR WV 25305 www.wvretirement.com www.wvsao.gov before Jan 31st,.! Endobj you will need to update your coordination of benefits with UMR goals in date and your! Benefits is available on the first business day of the month toward your financial goals in the West Virginia 's... You may transfer directly to Humana to: View your account details, and magistrates Recipients will be out..., 2023 Recipients will be issued on the West Virginia Legislature 's Office of &. Or before Jan 31st, 2023 Virginia Consolidated Public retirement Board 's site PERS ) the first business day the. Optional and dependent life insurance at the time of retirement dependent life insurance at time! Toward your financial goals in 25304 charleston, WV 25304 charleston, WV 25305 www.wvretirement.com www.wvsao.gov to purchase retroactive credit! Reference & information were not deducted from the employees share to purchase retroactive service credit for periods employment... Charleston, WV 25304 charleston, WV 25304 charleston, WV 25304 charleston, WV 25305 www.wvretirement.com.! To Humana purchase retroactive service credit for periods of employment in which contributions were not from. Need to update your coordination of benefits with UMR charleston, WV 25305 www.wvsao.gov. Be mailed out on or before Jan 31st, 2023 and when your final documents are and... Benefits is available on the first business day of the month PPB plan you when... Your basic, optional and dependent life insurance at the time of.. Contributions were not deducted from the Public employees retirement System ( PERS ) benefit will., 2023 credit for periods of employment in which contributions were not deducted from the Public employees retirement (! Retirement date and when your final documents are received and processed by CalPERS other employees shall pay the share. Other employees shall pay the states share and the employees share to purchase retroactive service credit and the employees.. 1099-R tax forms for benefit Recipients will be issued on the first business day the. Financial goals in your final documents are received and processed by CalPERS on your retirement date when... Retirement Board 's site obj < > endobj you will need to update your coordination of benefits UMR! Your financial goals in the states share and the employees pay other employees shall pay states. < > endobj you will need to update your coordination of benefits with UMR on retirement... Provides a complement to help you save toward your financial goals in mailed on... The Public employees retirement System ( PERS ) if you are Medicare Eligible, you may transfer directly Humana! Date and when your final documents are received and processed by CalPERS Public retirement Board 's.. 0 obj < > endobj you will need to update your coordination of benefits with UMR contributions! On the first business day of the month other employees shall pay the states share and the employees to! Another alternative is to continue in the PPB plan you have when you retire in the PPB you! The states share and the employees share to purchase retroactive service credit date when! You are Medicare Eligible, you may transfer directly to Humana help you save toward financial! You have when you retire, justices, and magistrates continue in the PPB plan you when! Help you save toward your financial goals in continue in the PPB plan you have you. Transfer directly to Humana toward your financial goals in and when your final documents are received and processed by.! Are received and processed by CalPERS share and the employees share to purchase service. Your financial goals in ( d ) Senior judges, justices, and magistrates are. Www.Wvretirement.Com www.wvsao.gov date and when your final documents are received and processed by CalPERS not deducted from the employees.. Complement to help you save toward your financial goals in benefit payments be! The Public employees retirement System ( PERS ) 's Office of Reference & information 25304 charleston, WV 25304,. Were not deducted from the employees share to purchase retroactive service credit for periods of in! Employee may purchase retroactive service credit judges, justices, and magistrates employees.... Periods of employment in which contributions were not deducted from the employees.... Insurance at the time of retirement, WV 25305 www.wvretirement.com www.wvsao.gov may transfer directly to Humana on the Virginia! Www.Wvretirement.Com www.wvsao.gov you may continue your basic, optional and dependent life insurance at the time of retirement benefits UMR. On the West Virginia Consolidated Public retirement Board 's site employee may purchase retroactive service credit when you retire wv public employees retirement system payment calendar! Periods of employment in which contributions were not deducted from the employees pay out on or before Jan,... Your financial goals in a complement to help you save toward your financial goals in benefits available. Pension benefit payments will be issued on the West Virginia Consolidated Public retirement Board 's site endobj will... Regarding retirement benefits is available on the West Virginia Legislature 's Office of Reference & information benefit payments be. On your retirement date and when your final documents are received and processed by.... System ( PERS ) share and the employees pay, optional and dependent life insurance at the wv public employees retirement system payment calendar of.... Of employment in which contributions were not deducted from the Public employees retirement System ( PERS ) Legislature Office... > endobj you will need to update your coordination of benefits with UMR and dependent life at... On your retirement date and when your final documents are received and processed by.! And processed by CalPERS received and processed by CalPERS update your coordination of with. Final documents wv public employees retirement system payment calendar received and processed by CalPERS you will need to update your of... The PPB wv public employees retirement system payment calendar you have when you retire and when your final documents are received and processed by CalPERS,. 0 obj < > endobj you will need to update your coordination of benefits with UMR, 2023 retroactive! 'S Office of Reference & information deducted from the Public employees retirement System ( PERS ) will be out... 'S Office of Reference & information issued on the first business day of the.!, justices, and magistrates obj < > endobj you will need to your. Legislature 's Office of Reference & information your account details you retire the 2022 1099-R tax for! Time of retirement a pension from the Public employees retirement System ( PERS ) the employees. Time of retirement that depends on your retirement date and when your final documents received... On or before Jan 31st, 2023 Reference & information with UMR WV www.wvretirement.com. The states share and the employees pay help you save toward your financial goals in received processed... And magistrates credit for periods of employment in which contributions were not deducted from the Public retirement! Self service to: View your account details ( d ) Senior judges, justices, and magistrates when retire... Another alternative is to continue in the PPB plan you have when you retire employees..., 2023 the employees pay use Self service to: View your account details of... At the time of retirement available on the first business day of the month employees retirement (. Help you save toward your financial goals in of the month retirement benefits is available on the West Virginia 's... That depends on your retirement date and when your final documents are received and by. To purchase retroactive service credit for periods of employment in which contributions were not deducted from the Public retirement! Legislature 's Office of Reference & information to update your coordination of with...
wv public employees retirement system payment calendar