or more consecutive calendar years, as certified by the clerk of the house in which the employee served, is an employee, any provision to the contrary in this article notwithstanding, and is entitled to credited service in accordance with provisions of 5-10-14 of this code: , That members of the legislative body of any political subdivision and commissioners of the West Virginia Claims Commission are employees receiving one year of service credit for each one-year term served and prorated service credit for any partial term served, anything contained in this article to the contrary notwithstanding: , That only a compensated board member of a participating public employer appointed to a board of a nonlegislative body for the first time on or after July 1, 2014, who normally is required to work 12 months per year and 1040 hours of service per year is an employee. In the purchase of service credit for employment prior to 1989 in any department, including the Legislature, which operated from the General Revenue Fund and which was not expressly excluded from budget appropriations in which blanket appropriations were made for the states share of public employees retirement coverage in the years prior to 1989, the employee shall pay the employees share. hTmk0+12J I4a6kh_Bw'ltt:szN~lFD@8 a|0p\]Zj,cpHU!$EM*~)MAy!j?Uy\!p"?d(pxt2A:1 v$b; S0FM tmCai'k"_?Lm$+XBx1}1uqoIV:eU27K+ Vs-,\Fc;kvuU8fl26YY9*OOGp;yY#~QV ZoyNpB817kO 7yE@+XW9\#=3[EYE/.c98cIM Login. %PDF-1.7 % Subsequent to your hire are other issues that affect how much of your salary you bring home. If you are Medicare Eligible and currently on The Health Plan when you retire, you and your dependents will be switched to the PEIA PPB Plan A upon retirement. !L\m"\0F@0183|IRYE^LHh$lUwzJK9JkF&}1z*xqi\h:v3FB::F#s+O(sAU:_QKX Iggy%,'k66Z\kfmE+NfGSr0uYJ'f%7Y0G82+ QkJNbER}5oNC74Qu6J|D~]+c~;sx ws~gxs^S2F"z[| _n_wZ 0 =b - any year) Retirement Calculators for the Consolidated Public Retirement Board (CPRB) - You will need to click on your particular retirement plan on the right side of the page to see if a calculator is available. Congratulations from PEIA on your retirement! If your life insurance lapses after retirement for any reason, for example, for non-payment of premiums, you will not be permitted to reinstate that coverage; you will need to seek life insurance from another source. On this page, youll find information relating to your pay. Update your contact information. Specific information regarding retirement benefits is available on the West Virginia Consolidated Public Retirement Board's site. If you wish to elect new or increased life insurance as a retired employee, you must enroll and submit medical information during the calendar month of retirement or the two following calendar months. Consolidated Public Retirement Board. Any lump sum or other payments paid to members that do not constitute regular salary or wage payments are not considered compensation for the purpose of withholding contributions for the system or for the purpose of calculating a members final average salary. 0 KvDeBppWg`~xAyE~:ZnF>8pyFu7h(J~W? The West Virginia State Police Retirement System, commonly referred to as Plan B, was established by the enactment of Chapter 15, Article 2A of the West Virginia Code during the 1994 Legislative Session for all state troopers hired on or after March 12, 1994. hbbd``b`~@q3;D,,@ybXa zb; $5@bL@F10b%3^ ` Bl Call: 1-888-680-7342 Email: peia.help@wv.gov. My Fund. After Feb 15th, 2023 you will be able to request a duplicate 1099-R to be mailed to you. Once a legislative employee has been employed during regular sessions for seven five consecutive calendar years or has become a full-time employee of the Legislature, that employee shall receive the service credit provided in this section for all regular and interim sessions and interim days worked by that employee, as certified by the clerk of the house in which the employee served, regardless of when the session or interim legislative employment occurred: And provided further, That regular session legislative employment for seven consecutive years may be served in either or both houses of the Legislature. (e) If question arises regarding the membership status of any employee, the Board of Trustees has the final power to decide the question. These payments include, but are not limited to, attendance or performance bonuses, one-time flat fee or lump sum payments, payments paid as a result of excess budget, or employee recognition payments. (3) "Actuarial equivalent" means a benefit of equal value computed upon the basis of a mortality table and regular interest adopted by the board of trustees from time to time: , That when used in the context of compliance with the federal maximum benefit requirements of Section 415 of the Internal Revenue Code, actuarial equivalent shall be computed using the mortality tables and interest rates required to comply with those requirements; (8) "Compensation" means the remuneration paid a member by a participating public employer for personal services rendered by the member to the participating public employer. Public Employees Insurance Agency. [Originating in the Committee on Pensions; reported on February 16, 2023] A BILL to amend and reenact 5-10-2, 5-10-14, 5-10-17, and 5-10-48 of the Code of West Virginia, 1931, as amended, all relating generally to legislative employment and retirement; modifying the length of service an employee of the Legislature whose . Any lump sum or other payments paid to members that do not constitute regular salary or wage payments are not considered compensation for the purpose of withholding contributions for the system or for the purpose of calculating a members final average salary. To view your W2 forms, payroll deductions, pay stubs, and direct deposit information, visit, Employee Prior State Service Declaration DOP-V1, Payroll Administrators/Employee Forms and Calendars. -Expecting a first retirement check or a refund? If his or her reemployment is for a period less than one year, he or she may request in writing that the employee and employer retirement contributions submitted during reemployment be credited to the participating public employer pursuant to 5-10-44 of this code, and his or her previous annuity shall be reinstated effective the first day of the month following termination of reemployment and the boards receipt of written notice thereof. Certification of employment for a complete legislative session and for interim days shall be determined by the clerk of the house in which the employee served, based upon employment records. Examples of the services provided include: health insurance benefits, retirement, and PEIA. %%EOF In the purchase of service credit for employment prior to 1989 in any department, including the Legislature, which operated from the General Revenue Fund and which was not expressly excluded from budget appropriations in which blanket appropriations were made for the states share of public employees retirement coverage in the years prior to 1989, the employee shall pay the employees share. . Want to make a difference in your community. Use Self Service to: View your account details. Repayment of withdrawals shall be as directed by the Board of Trustees. When your dependents become Medicare Eligible,pleasesendacopyoftheirMedicarecardintoPEIA. Htq0D XA (2) The requirement of seven consecutive five years and the requirement of 13 consecutive seven years apply retroactively to all legislative employment prior to the effective date of the 2006 amendments to this section. Notwithstanding the provisions of this subsection, a member who is participating in the system as an elected public official may not retire from his or her elected position and commence to receive an annuity from the system and then be elected or reappointed to the same position unless and until a continuous 12-month period has passed since his or her retirement from the position: Provided Provided, That a former employee of the Legislature may not be reemployed by the Legislature on a per diem basis until at least 60 days after the employee has retired: Provided, however That the limitation on compensation provided by subsection (c) of this section does not apply to the reemployed former employee: Provided further, That in no event may reemployment by the Legislature of a per diem employee exceed 175 days per calendar year. Finally, in West . Bureau for Child Support Enforcement. NOTE: The purpose of this bill is to modify the length of service an employee of the Legislature whose term of employment is otherwise classified as temporary and who is employed to perform services required by the Legislature for its regular sessions must serve to obtain service credit towards retirement; remove the requirement that a person retiring from the Legislature must be removed from employment prior to being eligible for temporary employment with the Legislature; and increase the maximum annual remuneration a retirant may earn as a temporary legislative employee. H|SMo@WHb3|[(J q@aRV*];$](63[6!ys34ow! (g) Notwithstanding the provisions of 5-10-27b of this code, any publicly elected member of the legislative body of any political subdivision or of the State Legislature, the Clerk of the House of Delegates, and the Clerk of the Senate may elect to commence receiving in-service retirement distributions from this system upon attaining the age of 70 and one-half years: , That the member is eligible to retire under the provisions of 5-10-20 or 5-10-21 of this code: , That the member elects to stop actively contributing to the system while receiving the in-service distributions. Other employees shall pay the states share and the employees share to purchase retroactive service credit. The full premium for the months from the date of retirement to the date of the first retirement check will be withdrawn. Any service credit purchased shall be credited as six months for each 60-day session worked, three months for each 30-day session worked or 12 months for each 60-day session for legislative employees who have been employed during regular sessions in 13 consecutive seven calendar years, as certified by the clerk of the house in which the employee served, and credit for interim employment as provided in this subsection: And provided further, That this legislative service credit shall also be used for months of service in order to meet the 60-month requirement for the payments of a temporary legislative employee members retirement annuity: And provided further, That no legislative employee may be required to pay for any service credit beyond the actual time he or she worked regardless of the service credit which is credited to him or her pursuant to this section: And provided further, That any legislative employee may request a recalculation of his or her credited service to comply with the provisions of this section at any time. Note: This website uses a secure connection.. The PRT is a totally automated public transit system consisting of 73 driverless vehicles, nine miles of dedicated guideway, five passenger stations, two maintenance facilities and a vast array of . (2) Suspend the payment of his or her annuity and become a contributing member of the retirement system as provided in subsection (c) of this section. Taxable amount of retirement income reported on the federal return received from West Virginia Teachers' Retirement System or West Virginia Public Employees' Retirement System. 5kETO6=Q:aI-90 K the state contributes only 4.69 percent. Telephone If a question arises regarding the status of an individual as a leased employee, the board has final authority to decide the question. (f) A member who is participating in the system simultaneously as both a regular, full-time employee of a participating public employer and as an elected or appointed member of the legislative body of the state or any political subdivision may, upon meeting the age and service requirements of this article, elect to retire from his or her regular full-time state employment and may commence to receive an annuity from the system without terminating his or her position as a member of the legislative body of the state or political subdivision: That the retired member shall not, during the term of his or her retirement and continued service as a member of the legislative body of a political subdivision, be eligible to continue his or her participation as a contributing member of the system and shall not continue to accrue any additional service credit or benefits in the system related to the continued service. Because each case is different, contact us to know exactly when your first check will be sent. from 8:00am to 5:00pm (Advanced scheduling of appointments is necessary to meet with a CPRB Retirement Advisor). If you are Medicare Eligible, you may transfer directly to Humana. Based on our analysis of West Virginia's teacher retirement plan, it earned an overall grade of F. West Virginia earned a F for providing adequate retirement benefits for teachers and a F on . You may not elect or increase life insurance after this period. You will keep the same Medical ID card and use it as you did when you were an active employee for facilities, doctors and prescriptions. H N3!DBei|r)}|~aznbYTI 5=KAm`GT@U3X@&hn]Ql~K/:3TEHw If you receive your checks in the mail, they will be mailed out before the payment date but are not guaranteed to arrive by that date. years apply retroactively to all legislative employment prior to the effective date of the 2006 amendments to this section. calendar years, service credit of one month shall be awarded for each 10 days employed in the interim between regular sessions, which interim days shall be cumulatively calculated so that any 10 days, regardless of calendar month or year, shall be calculated toward any award of one month of service credit; (2) Except for hourly employees, and those persons who first become members of the retirement system on or after July 1, 2015, 10 or more months of service credit earned in any calendar year shall be credited as a year of service: , That no more than one year of service may be credited to any member for all service rendered by him or her in any calendar year and no days may be carried over by a member from one calendar year to another calendar year where the member has received a full-year credit for that year; and. (d) Active members who previously worked in Comprehensive Employment and Training Act (CETA) may receive service credit for time served in that capacity: Provided, That in order to receive service credit under the provisions of this subsection the following conditions must be met: (1) The member must have moved from temporary employment with the participating employer to permanent full-time employment with the participating employer within 120 days following the termination of the members CETA employment; (2) the board must receive evidence that establishes to a reasonable degree of certainty as determined by the board that the member previously worked in CETA; and (3) the member shall pay to the board an amount equal to the employer and employee contribution plus interest at the amount set by the board for the amount of service credit sought pursuant to this subsection: Provided, however, That the maximum service credit that may be obtained under the provisions of this subsection is two years: Provided further, That a member must apply and pay for the service credit allowed under this subsection and provide all necessary documentation by March 31, 2003: And provided further, That the board shall exercise due diligence to notify affected employees of the provisions of this subsection. Associated Press. This retirement program is similar to a 401(k) plan in structure except that it is designed to supplement a participant's primary retirement plan. in which the employee served, or any member of the legislative body of any other political subdivision shall become a member of the retirement system provided he or she notifies the retirement system in writing of his or her intention to be a member of the system and files a membership enrollment form as prescribed by the Board of Trustees, and each person, upon filing his or her written notice to participate in the retirement system, shall by that act authorize the Clerk of the House of Delegates or the Clerk of the State Senate or such person or legislative agency as the legislative body of any other political subdivision shall designate to deduct the members contribution, as provided in 5-10-29(b) of this code, and after the deductions have been made from the members compensation, the deductions shall be forwarded to the retirement system. (b) For the purposes of this section: (1) "Regularly employed on a full-time basis" means employment of an individual by a participating public employer, in a position other than as an elected or appointed public official, which normally requires 12 months per year service and at least 1,040 hours of service per year in that position; (2) "temporary full-time employment" or "temporary part-time employment" means employment of an individual on a temporary or provisional basis by a participating public employer, other than as an elected or appointed public official, in a position which does not otherwise render the individual as regularly employed; (3) "former employee of the Legislature" means any person who has retired from employment with the Legislature and who has at least 10 years contributing service with the Legislature; and (4) "reemployed by the Legislature" means a former employee of the Legislature who has been reemployed on a per diem basis not to exceed 175 days per calendar year. 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