SB507 HFAT HUNT 4-13

    Senate Bill 507–-“A bill to amend and reenact §5-10-31 of the Code of West Virginia, 1931, as amended; to amend said code by adding thereto a new section, designated §5-10-18a; to amend and reenact §15-2A-5 of said code; and to amend and reenacted §18-7A-35b of said code, all relating to retirement systems and benefits; clarifying the impact of reelection of an elected official for the purposes of reinstating previously withdrawn service; clarifying the impact of serving as an elected public official after taking certain early retirement options from the state teachers retirement system; retiring under from certain removing the requirement to set employer contribution rate for the Public Employees Retirement System and the State Police Retirement System by legislative rule; and clarifying funding rate which affects employee contribution rate in State Police Retirement System.