WV SB141

Increases the accrued benefit multiplier for WV Natural Resources Police Officers who retire on or after January 1, 2029, from 2.5% to 2.75% of final average salary multiplied by years of credited service

Current law already provides 2.5% for members retiring after July 1, 2025, up from the original 2.25% rate

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, 2026, through June 30, 2031

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

Introduced by Senator Deeds on January 14, 2026, and referred to the Committee on Pensions and then to the Committee on Finance