Bill > SB258

This bill modifies the rules for Tier II members of the Teachers Retirement System (TRS) regarding how they can use accrued annual and sick leave when calculating retirement benefits. Specifically, for teachers who first become TRS members on or after July 1, 2015, the bill allows them to convert their unused annual and sick leave into retirement service credit on a one-to-one basis (one day of leave equals one day of service credit). Previously, these members could not apply their accrued leave toward retirement service credit. The bill mandates that this additional credited service cannot be used to meet initial retirement eligibility requirements but can be used as extra service credit beyond those basic requirements. The computation of this service credit will be determined according to West Virginia's State Rules, with a specific formula that multiplies the number of days of unused sick and annual leave by one. This change provides Tier II TRS members with an additional way to potentially increase their retirement benefits by leveraging their accumulated leave time.

Labor and Employment

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=258&year=2025&sessiontype=RS&btype=bill