WV SB76

Increases the accrued benefit multiplier for Natural Resources Police Officers who retire on or after January 1, 2028, from 2.5% to 2.75% of final average salary per year of credited service

Members retiring after July 1, 2025, but before January 1, 2028, receive the current 2.5% multiplier (up from the original 2.25%)

Requires the Division of Natural Resources to pay an additional $850,000 annually to the retirement fund for five consecutive plan years, from July 1, 2025, through June 30, 2030

Payments must be made no later than July 30 of each plan year, in addition to regular employer contribution requirements

Member contribution rate remains at 9.5% of monthly salary, with employer contributions set annually by the Consolidated Public Retirement Board based on actuarial review