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WV SB296

WV SB296
Providing 11-month window to permit members of PERS to purchase credited service


summary

Introduced
01/14/2019
In Committee
02/14/2019
Crossed Over
02/13/2019
Passed
Dead
03/09/2019

Introduced Session

2019 Regular Session

Bill Summary

Providing 11-month window to permit members of PERS to purchase credited service

AI Summary

This bill provides an 11-month window, from July 1, 2019 to June 1, 2020, for members of the West Virginia Public Employees Retirement System (PERS) to purchase credited service that they had previously forfeited when they withdrew their accumulated contributions from the system. This allows PERS members who had left their public employer for reasons other than retirement or death and withdrawn their funds to reinstate that forfeited service credit by repaying the withdrawn amount, plus interest, within the specified time frame.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (6)

Last Action

To House Pensions and Retirement (on 02/14/2019)

bill text


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