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WV HB2582
Bill
Status
2/18/2025
Primary Sponsor
Charles Sheedy
Click for details
AI Summary
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Restores the "Rule of 80" for West Virginia Public Employees Retirement System members, allowing retirement with full pension benefits when a member's age plus years of contributing service equals or exceeds 80
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Requires a minimum of 20 years of contributing service to qualify, with up to two years of military service or prior service counting toward the total
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Applies to active, contributing members who select one of the early retirement incentive options established in the original 1988 temporary early retirement incentives program
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Removes language that previously terminated the Rule of 80 benefit on June 30, 1989, effectively making it a permanent retirement option
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Makes minor technical corrections replacing "shall" with "may" throughout the statute
Legislative Description
Restoring the Rule of 80 for all State Employees.
State Personnel
Last Action
To House Finance
2/18/2025