WV SB258

Allows teachers who first became members of the Teachers Retirement System on or after July 1, 2015 (Tier II members) to convert accrued annual and sick leave into retirement service credit

Sets conversion rate at one day of retirement service credit for each one day of accrued annual and sick leave, compared to the two-for-one ratio available to pre-2015 members

Additional credited service from leave conversion cannot be used to meet initial eligibility requirements for retirement, only to increase benefits after eligibility is established

Reverses current law that prohibits Tier II Teachers Retirement System members from applying accrued leave toward retirement service credit