Senate Bill No. 604

(By Senator Unger)

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[Introduced February 20, 2004; referred to the Committee on Pensions; and then to the Committee on Finance.]

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A BILL to amend and reenact §7-14D-7 of the code of West Virginia, 1931, 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 §7-14D-7 of the code of West Virginia, 1931, 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 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.

NOTE: The purpose of this bill is to increase the employers' contributions to the deputy sheriff retirement fund from nine and one-half to ten and one-half percent.

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