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WV HB3180

Bill

Status

Introduced

3/6/2025

Primary Sponsor

Jarred Cannon

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Defines "bona fide separation from service upon retirement" across multiple public retirement systems as requiring complete termination of employment with participating employers for at least 60 consecutive days from retirement date, with no prearranged agreement to return to work

  • Updates "required beginning date" for mandatory retirement distributions to comply with SECURE 2.0 Act, changing age thresholds from 70.5/72 to a tiered system: age 72 (if attained before January 1, 2023), age 73 (if attained before January 1, 2033), or age 75 (if age 74 attained after December 31, 2032)

  • Requires participating employers to notify the retirement board and retirants in writing before any reemployment that could negatively impact retirement status or benefits, and mandates employer notification to the board upon a retirant's acceptance of such employment

  • Voids retirement and requires repayment of all annuity payments if a retirant fails to have a bona fide separation from service or fails to comply with reporting requirements

  • Adds the Emergency Medical Services Retirement System to the "pick-up" provisions allowing participating public employers to pay employee retirement contributions on behalf of members beginning January 1, 2008

Legislative Description

Federal Compliance for public employee retirement status

Retirement

Last Action

To House Finance

3/18/2025

Committee Referrals

Finance3/18/2025
Investments3/6/2025
Finance3/6/2025

Full Bill Text

No bill text available