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WV HB4803

Bill

Official Source

Status

Introduced

1/26/2026

Primary Sponsor

Jonathan Pinson

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Establishes a 1% annual annuity adjustment for Deputy Sheriff Retirement System retirants age 60 or older and surviving spouses, contingent on the plan reaching a funded level of 105% or more in the most recent actuarial valuation
  • Grants the Consolidated Public Retirement Board authority to set employer contribution rates beginning July 1, 2026, rather than having rates fixed by statute
  • Caps employer contributions at 13% of total payroll once the fund reaches the 105% funding threshold required to authorize the first annual annuity adjustment
  • Maintains the member contribution rate at 8.5% of monthly salary for active deputy sheriffs
  • Applies the same contribution requirements to concurrent employers when deputy sheriffs hold additional jobs requiring membership in other state-administered retirement systems

Legislative Description

Relating to the Deputy Sheriff Retirement System Act

Retirement

Last Action

To House Finance

1/26/2026

Committee Referrals

Finance1/26/2026

Full Bill Text

No bill text available