Federal Retirement Systems - Line 31. Specific information regarding retirement benefits is available on the West Virginia Consolidated Public Retirement Board's site. If you are Medicare Eligible and currently on The Health Plan when you retire, you and your dependents will be switched to the PEIA PPB Plan A upon retirement. Telephone Manage My Benefits. hp~+X3:uoS2=5xFW+ endstream endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj <>stream (h) The provisions of 5-10-22h of this code are not applicable to the amendments made to this section during the 2006 regular session. endstream endobj 14 0 obj <>stream If you are a Medicare Retiree, your agency participates in PEIA retirement insurance and you want to continue PEIA Health Insurance, you will need visit your Retirement Board and your HR Department. -Expecting a first retirement check or a refund? Teachers Retirement System, West Virginia Public Employees Retirement System and Federal Retirement Systems (Title 4 USC 111). (i) The provisions of 5-10-22h of this code are not applicable to the amendments made to this section during the 2006 regular session. - any year) Retirement Calculators for the Consolidated Public Retirement Board (CPRB) - You will need to click on your particular retirement plan on the right side of the page to see if a calculator is available. (2) Suspend the payment of his or her annuity and become a contributing member of the retirement system as provided in subsection (c) of this section. On this page, you'll find information relating to your pay. If you wish to elect new or increased life insurance as a retired employee, you must enroll and submit medical information during the calendar month of retirement or the two following calendar months. 32 0 obj <>stream Call: 1-888-680-7342 Email: peia.help@wv.gov. In the event a members remuneration is not all paid in money, his or her participating public employer shall fix the value of the portion of the remuneration which is not paid in money: Provided Provided, That members hired in a position for the first time on or after July 1, 2014, who receive nonmonetary remuneration shall not have nonmonetary remuneration included in compensation for retirement purposes and nonmonetary remuneration may not be used in calculating a members final average salary. These payments include, but are not limited to, attendance or performance bonuses, one-time flat fee or lump sum payments, payments paid as a result of excess budget, or employee recognition payments. A state actuary says expanding military service credits for public employees' pension benefits will cost more than $197 million.A report by Consolidated. Plan provides a complement to help you save toward your financial goals in . Certification of employment for a complete legislative session and for interim days shall be determined by the clerk of the house in which the employee served, based upon employment records. Insurance is complicated enough, therefore, this website is here to help you navigate the transition from active employee to retiree with or without PEIA coverage., *Retiree Premium Payment and Enrollment Information *Retiree FAQs* Termination Form*Retiree Optional and/or Dependent Life Enrollment Form* (e) If a member retires and is then subsequently elected to a public office or is subsequently appointed to hold an elected public office, or is a former employee of the Legislature who has been reemployed by the Legislature, he or she has the option, notwithstanding subsection (c) of this section, to either: (1) Continue to receive payment of his or her annuity while holding public office or during any reemployment of a former employee of the Legislature on a per diem basis, in addition to the salary he or she may be entitled to as an office holder or as a per diem reemployed former employee of the Legislature; or. (h) The board of trustees shall grant service credit to any former or present member of the State Police Death, Disability and Retirement Fund who has been a contributing member of this system for more than three years for service previously credited by the State Police Death, Disability and Retirement Fund if the member transfers all of his or her contributions to the State Police Death, Disability and Retirement Fund to the system created in this article, including repayment of any amounts withdrawn any time from the State Police Death, Disability and Retirement Fund by the member seeking the transfer allowed in this subsection: Provided, That there shall be added by the member to the amounts transferred or repaid under this subsection an amount which shall be sufficient to equal the contributions he or she would have made had the member been under the Public Employees Retirement System during the period of his or her membership in the State Police Death, Disability and Retirement Fund, excluding contributions on lump sum payment for annual leave, plus interest at a rate determined by the board. To view your W2 forms, payroll deductions, pay stubs, and direct deposit information, visit, Employee Prior State Service Declaration DOP-V1, Payroll Administrators/Employee Forms and Calendars. (a) The board of trustees shall credit each member with the prior service and contributing service to which he or she is entitled based upon rules adopted by the board of trustees and based upon the following: (1) In no event may less than 10 days of service rendered by a member in any calendar month be credited as a month of service: Provided, That for employees of the State Legislature whose term of employment is otherwise classified as temporary and who are employed to perform services required by the Legislature for its regular sessions or during the interim between regular sessions and who have been or are employed during regular sessions or during the interim between regular sessions in seven consecutive five calendar years, service credit of one month shall be awarded for each 10 days employed in the interim between regular sessions, which interim days shall be cumulatively calculated so that any 10 days, regardless of calendar month or year, shall be calculated toward any award of one month of service credit; (2) Except for hourly employees, and those persons who first become members of the retirement system on or after July 1, 2015, 10 or more months of service credit earned in any calendar year shall be credited as a year of service: Provided, That no more than one year of service may be credited to any member for all service rendered by him or her in any calendar year and no days may be carried over by a member from one calendar year to another calendar year where the member has received a full-year credit for that year; and. If your life insurance lapses after retirement for any reason, for example, for non-payment of premiums, you will not be permitted to reinstate that coverage; you will need to seek life insurance from another source. Please contact your agency . If you receive your checks in the mail, they will be mailed out before the payment date but are not guaranteed to arrive by that date. If his or her reemployment is for a period less than one year, he or she may request in writing that the employee and employer retirement contributions submitted during reemployment be credited to the participating public employer pursuant to 5-10-44 of this code, and his or her previous annuity shall be reinstated effective the first day of the month following termination of reemployment and the boards receipt of written notice thereof. The board shall have final power to decide whether the payments shall be considered compensation for purposes of this article; (9) "Contributing service" means service rendered by a member within this state and for which the member made contributions to a public retirement system account of this state, to the extent credited him or her as provided by this article; (10) "Credited service" means the sum of a members prior service credit, military service credit, workers compensation service credit and contributing service credit standing to his or her credit as provided in this article; (11) "Employee" means any person who serves regularly as an officer or employee, full time, on a salary basis, whose tenure is not restricted as to temporary or provisional appointment, in the service of, and whose compensation is payable, in whole or in part, by any political subdivision, or an officer or employee whose compensation is calculated on a daily basis and paid monthly or on completion of assignment, including technicians and other personnel employed by the West Virginia National Guard whose compensation, in whole or in part, is paid by the federal government: Provided, That an employee of the Legislature whose term of employment is otherwise classified as temporary and who is employed to perform services required by the Legislature for its regular sessions or during the interim between regular sessions and who has been or is employed during regular sessions or during the interim between regular sessions in seven five or more consecutive calendar years, as certified by the clerk of the house in which the employee served, is an employee, any provision to the contrary in this article notwithstanding, and is entitled to credited service in accordance with provisions of 5-10-14 of this code: Provided, however, That members of the legislative body of any political subdivision and commissioners of the West Virginia Claims Commission are employees receiving one year of service credit for each one-year term served and prorated service credit for any partial term served, anything contained in this article to the contrary notwithstanding: Provided further, That only a compensated board member of a participating public employer appointed to a board of a nonlegislative body for the first time on or after July 1, 2014, who normally is required to work 12 months per year and 1040 hours of service per year is an employee. or the relevant provisions of both the West Virginia Code and of the West Virginia Code of State Regulations by the participating public employer that has resulted in an underpayment or overpayment of contributions required; (13) "Final average salary" means either of the following: , That salaries for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with. (f) Any individual who is a leased employee is not eligible to participate in the system. West Virginia University Transportation and Parking unit is seeking applications for a Trades Specialist I (Electrician). . the state contributes only 4.69 percent. hbbd```b`` 3Xf/`v=`3.HA`hHd2c 0;D'/&0[l0;D7d`bd` b`q You will keep the same Medical ID card and use it as you did when you were an active employee for facilities, doctors and prescriptions. Email: CPRB@wv.gov, -The CPRB is currently open Monday through Friday He may take a modification from his adjusted gross income for the full amount of pension he receives from that fund. Any service credit purchased shall be credited as six months for each 60-day session worked, three months for each 30-day session worked or 12 months for each 60-day session for legislative employees who have been employed during regular sessions in. calendar years as either temporary employees or full-time employees or a combination thereof, as certified by the clerk of the house in which the employee served, shall receive a service credit of 12 months for each regular session served, as certified by the clerk of the house in which the employee served: , That the amendments made to this subsection during the 2002 regular session of the Legislature only apply to employees of the Legislature who are employed by the Legislature as either temporary employees or full-time employees as of January 1, 2002, or who become employed by the Legislature as temporary or full-time employees for the first time after January 1, 2002.
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