H. B. 2232
(By Delegate Ron Thompson)
[Introduced February 11, 2005; referred to the
Committee on Pensions and Retirement then Finance.]
A BILL to amend
the code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §5-10-15c,
to authorizing a service credit under public employees
retirement for federal employment service.
Be it enacted by the Legislature of West Virginia:
That the code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §5-10-15c,
to read as
ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.
§5-10-15c. Service credit for federal employment.
Any member of the retirement system who entered or enters
federal employment, excluding military service, shall receive
credited service for the time spent in the federal employment, not
to exceed five years, if the member pays to the members' deposit
fund the amount he or she may have withdrawn therefrom, together with regular interest from the date of withdrawal to the date of
repayment. In any case of doubt as to the period of federal
service to be credited a member, the Board of Trustees shall have
final power to determine the period. During the period of federal
service and until his or her return to the employ of a
participating public employer, his or her contributions to the
retirement system shall be suspended and any balance remaining to
his or her credit in the members' deposit fund shall be accumulated
at regular interest.
NOTE: The purpose of this bill is the authorizing of a
service credit under public employees retirement for federal
This section is new; therefore, strike-throughs and
underscoring have been omitted.