Senate Bill No. 512
(By Senator Minard)
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[Introduced March 19, 2001; referred to the Committee on
Pensions; and then to the Committee on Finance.]
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A BILL to amend article ten, chapter five of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, by
adding thereto a new section, designated section fifteen-c,
relating to authorizing service credit toward retirement to
public employees for public employment in another state.
Be it enacted by the Legislature of West Virginia:
That article ten, chapter five of the code of West Virginia,
one thousand nine hundred thirty-one, as amended, be amended by
adding thereto a new section, designated section fifteen-c, to read
as follows:
ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.
§5-10-15c. Credit for public employment in another state.
(a) Any member of the retirement system who has previously
been employed in public employment in any other state of the United
States shall receive credited service for the time of public
employment in that state, not to exceed five years if the member substantiates by appropriate documentation or evidence his or her
public employment in another state and 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fund the amount he or she may have withdrawn therefrom, together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.
(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
authorize service credit
toward retirement to public employees for public employment in
another state. The bill sets a maximum of five years and the
employee must pay into the members' deposit fund the amount the
employee could have withdrawn plus interest.
This section is new; therefore, strike-throughs and
underscoring have been omitted.