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Introduced Version House Bill 3139 History

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hb3139 intr
H. B. 3139


(By Mr. Speaker, Mr. Kiss, (By Request))
[Introduced March 22, 2005; referred to the
Committee on Pensions and Retirement.]




A BILL to amend and reenact §5-10-15b of the Code of West Virginia, 1931, as amended, relating to the Public Employees Retirement System; permitting up to five years of service credit for non- covered public employment; requiring certain contributions; and providing that such service credit may not be used for meeting eligibility requirements for retirement or vesting.

Be it enacted by the Legislature of West Virginia:
That §5-10-15b 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.
§5-10-15b. Credit for other public employment.
(a) Any member of the retirement system who has previously been employed in noncovered public employment in this or any other state of the United States is entitled to receive credited service for the time of that public employment in that state, not to exceed five years, if the member substantiates by appropriate documentation or evidence his or her other public employment in another state and makes contributions as required: Provided, That the employee is not entitled to receive the credited service if the employee is vested or entitled to be vested in a retirement system of the state in which the employment credit was earned and the employee is entitled to service credit in that retirement system for the employment period for which the applicant seeks credited service in West Virginia: Provided, however, That the any such service credit from the other state may not be used to meet West Virginia's eligibility requirements for retirement or vesting.
Employees entitled to out-of-state such other service credit under the provisions of this section shall make additional contribution to the retirement system equal to the actuarial equivalent of the amount which would have been contributed, together with earnings thereon, by the employee and the employer, had the employee been covered during the period of the retroactive service credit.
(b) In any case of doubt as to the period of service to be credited a member under the provisions of this section, the board of trustees has the final power to determine this period.



NOTE: The purpose of this bill is to allow service credit under the Public Employees Retirement System for up to five years of other public service.

Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.
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