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WV SB712

Bill

Status

Passed

4/24/2025

Primary Sponsor

Mike Oliverio

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Amends 10 West Virginia public retirement systems to define "bona fide separation from service upon retirement" as terminating all employment with participating employers for at least 60 consecutive days without a prearranged agreement to return

  • Updates "required beginning date" for minimum distributions to align with federal law changes under the SECURE Act, setting applicable ages at 72, 73, or 75 depending on when the individual reaches those ages

  • Adds the U.S. Space Force to the definition of "active military duty" for creditable service in the Municipal Police and Firefighters Retirement System and State Police Retirement System

  • Requires participating public employers to notify the retirement board and retirants in writing before reemployment if it will negatively impact retirement status or benefits, with retirement voided and annuity repayment required if bona fide separation requirements are not met

  • Adds the Emergency Medical Services Retirement System to the pick-up provisions allowing employers to pay member contributions on their behalf, effective January 1, 2008

Legislative Description

Relating to retirement provisions of systems managed by CPRB

Retirement

Last Action

Approved by Governor 4/24/2025 - House Journal

4/12/2025

Committee Referrals

Finance3/17/2025
Pensions3/6/2025

Full Bill Text

No bill text available