Bill Text: WV HB2156 | 2018 | Regular Session | Introduced
Bill Title: Relating to certain members of the Legislature and certain service by members of the Legislature
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2018-01-10 - To House Pensions and Retirement [HB2156 Detail]
Download: West_Virginia-2018-HB2156-Introduced.html
FISCAL
NOTE
WEST virginia legislature
2017 regular session
By Delegates Hamilton, Frich
and Folk
[
to the Committee on Pensions and Retirement then Finance.
A BILL to amend and
reenact §5-10-52 of the
Code of West Virginia, 1931, as amended, relating to the West Virginia Public
Employees Retirement Act; and the manner of calculating benefits for certain members
of the Legislature.
Be it enacted by the
Legislature of West Virginia:
That §5-10-52 of the Code of West Virginia, 1931, as
amended, be amended and reenacted to read as follows:
ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT
ACT.
§5-10-52. Specific provisions relating to certain
members of the Legislature and certain service by members of the Legislature.
(a) The provisions of this article specifying that a
legislator may be a member of the retirement system and at the same time also a
member of another state or political subdivision retirement program and may
receive credit in the retirement system from two or more public employments
simultaneously and authorizing automatic increases in the annuities of retired
legislators based upon increases in compensation paid to members of the
Legislature shall is not be applicable to any member of
the Legislature who first becomes a member of the retirement system as a member
of the Legislature during the year 1971, or any year thereafter after
that, nor shall such are these provisions be
applicable to the computation of service, credited service or benefits for any
period of service as a member of the Legislature for the year 1971, or any year
thereafter after that.
(b) Any member of the
Legislature, or former member of the Legislature, who claims benefits under the
retirement system based, in whole or in part, on service as a member of the
Legislature, shall have his or her benefits calculated by averaging the
compensation received for all years of accumulated service and not merely for some
portion of the service.
NOTE: The purpose of this bill is
to address issues relating to the computation of legislative pensions. It provides for the calculation of benefits
by averaging compensation received for all years of accumulated service.
Strike-throughs indicate language
that would be stricken from a heading or the present law and underscoring
indicates new language that would be added.
