Bill > HB4803

This bill modifies the Deputy Sheriff Retirement System Act by introducing an annual annuity adjustment of 1% for eligible deputy sheriff retirees and their surviving spouses, but only when the retirement plan reaches a funded level of 105 percent or more, as determined by the most recent actuarial valuation. The bill also grants the board the authority to set the employer contribution rate, with a cap of 13% on the total employer contributions after the first annual annuity adjustment is paid. This change aims to ensure the long-term financial health of the retirement system while providing a modest cost-of-living increase to beneficiaries under specific financial conditions.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4803&year=2026&sessiontype=RS&btype=bill