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WV SB1035
Bill
Status
Engrossed
3/2/2026
Primary Sponsor
Mike Oliverio
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AI Summary
- Suspends court contributions to the Judges' Retirement Fund until the pension fund's overfunded status falls below 150 percent
- Extends eligibility for full retirement benefits to judges appointed or elected after July 1, 2005, who were previously subject to different benefit calculations
- Creates an actuarially reduced early retirement option for post-2005 judges who have at least 12 years of service and have reached age 65
- Increases surviving spouse annuity benefits from 40 percent to 50 percent of the judge's annual salary for all judges
- Repeals sections that limited benefit increases and created separate benefit calculations for judges appointed after July 1, 2005
Legislative Description
Relating to Judges' Retirement System
Retirement
Last Action
To House Finance
3/3/2026
Committee Referrals
Finance3/3/2026
Finance2/23/2026
Pensions2/20/2026
Full Bill Text
No bill text available