WV HB2085

Provides a 1% annual annuity adjustment (cost-of-living increase) for eligible deputy sheriff retirees age 60 or older and surviving spouses, but only when the retirement plan's funding ratio reaches 105% or higher

Grants the Consolidated Public Retirement Board authority to set employer contribution rates starting July 1, 2025, removing the previous actuarially-set requirement from 2023

Caps employer (county commission) contributions at 13% of total payroll once the first annual annuity adjustment is paid under the new funding threshold

Requires the same employer contribution rate for concurrent employers of deputy sheriffs who hold additional jobs covered by other state-administered retirement systems

Provides pro-rata annual adjustments for retirees or surviving spouses who have received benefits for less than one year when the first adjustment is given