ENGROSSED
Senate Bill No. 551
(By Senator Unger)
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[Introduced February 17, 2003; referred to the Committee on
Pensions; and then to the Committee on Finance.]
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A BILL to amend and reenact section seven, article fourteen-d,
chapter seven of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, relating to employers'
contributions to the deputy sheriff retirement fund; and
increasing the contribution from nine and one-half to ten and
one-half percent.
Be it enacted by the Legislature of West Virginia:
That section seven, article fourteen-d, chapter seven of the
code of West Virginia, one thousand nine hundred thirty-one, as
amended, be amended and reenacted to read as follows:
ARTICLE 14D. DEPUTY SHERIFF RETIREMENT SYSTEM ACT.
§7-14D-7. Members' contributions; employer contributions.
There shall be deducted from the monthly salary of each member
and paid into the fund an amount equal to eight and one-half percent of his or her monthly salary. Any active member who has
concurrent employment in an additional job or jobs and such
additional employment requires the deputy sheriff to be a member of
another retirement system which is administered by the consolidated
public retirement board pursuant to article ten-d, chapter five of
this code shall contribute to the fund the sum of eight and
one-half percent of his or her monthly salary earned as a deputy
sheriff as well as the sum of eight and one-half percent of his or
her monthly salary earned from any additional employment which
additional employment requires the deputy sheriff to be a member of
another retirement which is administered by the consolidated public
retirement board pursuant to article ten-d, chapter five of this
code. An additional nine ten and one-half percent of the monthly
salary of each member shall be paid to the fund by the county
commission of the county in which the member is employed in covered
employment. An additional amount shall be paid to the fund by the
county commission of the county in which the member is employed in
covered employment in an amount determined by the board: Provided,
That in no year may the total of the contributions provided for in
this section, to be paid by the county commission, exceed ten and
five-tenths percent of the total payroll for the members in the
employ of the county commission for the preceding fiscal year. If
the board finds that the benefits provided by this article can be
actually funded with a lesser contribution, then the board shall reduce the required member and and/or employer contributions.
proportionally.