Expecting a first retirement check or a refund? Open PDF file, 168.27 KB, for 2022 MSRB Pension Payment Calendar (English, PDF 168.27 KB) Open PDF file, 168.63 KB, for 2023 MSRB Pension Payment Calendar (English, PDF 168.63 KB) Direct Deposit is Mandatory for All New Retirees (as of January 2010) %PDF-1.6 % A number of benefits are administered on a pre-tax basis. (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. Email: CPRB@wv.gov, -The CPRB is currently open Monday through Friday WV Public Employees Retirement System. 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: , 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. 764 0 obj <>/Filter/FlateDecode/ID[<62A106E9B71A9E46AED9BB7020C80FEB>]/Index[729 79]/Info 728 0 R/Length 141/Prev 1260207/Root 730 0 R/Size 808/Type/XRef/W[1 3 1]>>stream If any dependent is Medicare eligible, PEIA will need a copy of their Medicare Card also. In the purchase of service credit for employment prior to 1989 in any department, including the Legislature, which operated from the General Revenue Fund and which was not expressly excluded from budget appropriations in which blanket appropriations were made for the states share of public employees retirement coverage in the years prior to 1989, the employee shall pay the employees share. Taxable amount of retirement income reported on the federal return received from West Virginia Teachers' Retirement System or West Virginia Public Employees' Retirement System. When your dependents become Medicare Eligible,pleasesendacopyoftheirMedicarecardintoPEIA. In the purchase of service credit for employment prior to 1989 in any department, including the Legislature, which operated from the General Revenue Fund and which was not expressly excluded from budget appropriations in which blanket appropriations were made for the states share of public employees retirement coverage in the years prior to 1989, the employee shall pay the employees share. 5kETO6=Q:aI-90 K . (b) The board of trustees shall grant service credit to any former and present member of the State Teachers Retirement System who has been a contributing member in the Public Employees Retirement System for more than three years, for service previously credited by the State Teachers Retirement System and shall require the transfer of the members accumulated contributions to the system and shall also require a deposit, with reinstatement interest as set forth in the boards Rule, Refund, Reinstatement, Retroactive Service, Loan and Correction of Error Interest Factors, 162 C. S. R. 7, of any withdrawals of contributions any time prior to the members retirement: , That members of the State Teachers Retirement System who first became a member of the State Teachers Retirement System on or after July 1, 2022, may only transfer service credit to the Public Employees Retirement System if they first became a member of the Public Employees Retirement System on or after July 1, 2015. He receives a pension from the Public Employees Retirement System (PERS). Specific information regarding retirement benefits is available on the West Virginia Consolidated Public Retirement Board's site. Any lump sum or other payments paid to members that do not constitute regular salary or wage payments are not considered compensation for the purpose of withholding contributions for the system or for the purpose of calculating a members final average salary. You can elect optical and dental care through, Premium and Benefit Assistance Form (Medicare), Retiree Premium Payment and Enrollment Information, Retiree Optional and/or Dependent Life Enrollment Form, Retiree Basic Life and Health Enrollment Form, Summary Plan Description PPB Plans A, B & D, Retiree Optional and/or Dependent Life Enrollment Form, Retiree Basic Life and Health Enrollment Form. 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 time between regular sessions and who have been or are employed during regular sessions or during the interim time between regular sessions in. endstream endobj startxref Once a legislative employee has been employed during regular sessions for. Notwithstanding the provisions of this subsection, a member who is participating in the system as an elected public official may not retire from his or her elected position and commence to receive an annuity from the system and then be elected or reappointed to the same position unless and until a continuous 12-month period has passed since his or her retirement from the position: Provided Provided, That a former employee of the Legislature may not be reemployed by the Legislature on a per diem basis until at least 60 days after the employee has retired: Provided, however That the limitation on compensation provided by subsection (c) of this section does not apply to the reemployed former employee: Provided further, That in no event may reemployment by the Legislature of a per diem employee exceed 175 days per calendar year. Your pension payment date is the 15th of the month. 0 A retirant may accept legislative per diem, temporary full-time, or temporary part-time employment from a participating employer without suspending his or her retirement annuity so long as he or she does not receive annual compensation in excess of. (g) (1) Notwithstanding any provision to the contrary, the, and the service credit requirements set forth in this section shall be applied retroactively to all periods of legislative employment prior to the passage of this section, including any periods of legislative employment occurring before the. On this page, youll find information relating to your pay. 25 0 obj <>/Filter/FlateDecode/ID[<51374AFA1FB7F65BDA994737043577AB>]/Index[10 23]/Info 9 0 R/Length 78/Prev 163071/Root 11 0 R/Size 33/Type/XRef/W[1 2 1]>>stream West Virginia University Transportation and Parking unit is seeking applications for a Trades Specialist I (Electrician). 8 Click here to see how long it's taking these days -Retiree Self Service Available Service of 55 days of a regular session constitutes an absolute presumption of service for a complete legislative session and service of 27 days of a 30-day regular session occurring prior to 1971 constitutes an absolute presumption of service for a complete legislative session. d~MZl%T bBJ(a^Y@y0i?vDpX %c I^f_p.fl0;6To^ H7y=zm0 JJHtft:[T@R3wAP OcJ \H_W~:0~\M+&Y J1}V&&U*s~{;Fca:l]4s KBrnlsDst!K]+KId$rPRYoKA<9OHG]Xx%04LZiNQ%}=h9KY!MlU$~b7"( A retirant may accept legislative per diem, temporary full-time, or temporary part-time employment from a participating employer without suspending his or her retirement annuity so long as he or she does not receive annual compensation in excess of $20,000 $25,000. A state actuary says expanding military service credits for public employees' pension benefits will cost more than $197 million.A report by Consolidated. 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* Login. Plan provides a complement to help you save toward your financial goals in . . The PRT is a totally automated public transit system consisting of 73 driverless vehicles, nine miles of dedicated guideway, five passenger stations, two maintenance facilities and a vast array of . (B) If the member has less than five years of credited service, the average of the annual rate of compensation received by the member during his or her total years of credited service; and in determining the annual compensation, under either paragraph (A) or (B) of this subdivision, of a member of the Legislature who participates in the retirement system as a member of the Legislature in the year 1971, or in any year thereafter, his or her actual legislative compensation (the total of all compensation paid under 4-2A-2, 4-2A-3, 4-2A-4, and 4-2A-5 of this code), in the year 1971, or in any year thereafter, plus any other compensation he or she receives in any year from any other participating public employer including the State of West Virginia, without any multiple in excess of one times his or her actual legislative compensation and other compensation, shall be used: Provided, That final average salary for any former member of the Legislature or for any member of the Legislature in the year 1971 who, in either event, was a member of the Legislature on November 30, 1968, or November 30, 1969, or November 30, 1970, or on November 30 in any one or more of those three years and who participated in the retirement system as a member of the Legislature in any one or more of those years means: (i) Either, notwithstanding the provisions of this subdivision preceding this proviso, $1,500 multiplied by eight, plus the highest other compensation the former member or member received in any one of the three years from any other participating public employer including the State of West Virginia; or (ii) final average salary determined in accordance with paragraph (A) or (B) of this subdivision, whichever computation produces the higher final average salary, and in determining the annual compensation under subparagraph (ii) of this paragraph, the legislative compensation of the former member shall be computed on the basis of $1,500 multiplied by eight, and the legislative compensation of the member shall be computed on the basis set forth in the provisions of this subdivision immediately preceding this paragraph or on the basis of $1,500 multiplied by eight, whichever computation as to the member produces the higher annual compensation; (14) "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended, codified at Title 26 of the United States Code; (15) "Limited credited service" means service by employees of the West Virginia Educational Broadcasting Authority, in the employment of West Virginia University, during a period when the employee made contributions to another retirement system, as required by West Virginia University, and did not make contributions to the Public Employees Retirement System: Provided, That while limited credited service can be used for the formula set forth in 5-10-21(e) of this code, it may not be used to increase benefits calculated under 5-10-22 of this code; (16) "Member" means any person who has accumulated contributions standing to his or her credit in the members deposit fund; (17) "Participating public employer" means the State of West Virginia, any board, commission, department, institution or spending unit and includes any agency created by rule of the Supreme Court of Appeals having full-time employees, which for the purposes of this article is considered a department of state government; and any political subdivision in the state which has elected to cover its employees, as defined in this article, under the West Virginia Public Employees Retirement System; (18) "Plan year" means the same as referenced in 5-10-42 of this code; (19) "Political subdivision" means the State of West Virginia, a county, city or town in the state; a school corporation or corporate unit; any separate corporation or instrumentality established by one or more counties, cities or towns, as permitted by law; any corporation or instrumentality supported in most part by counties, cities or towns; and any public corporation charged by law with the performance of a governmental function and whose jurisdiction is coextensive with one or more counties, cities or towns: Provided, That any mental health agency participating in the Public Employees Retirement System before July 1, 1997, is considered a political subdivision solely for the purpose of permitting those employees who are members of the Public Employees Retirement System to remain members and continue to participate in the retirement system at their option after July 1, 1997: Provided, however, That the Regional Community Policing Institute which participated in the Public Employees Retirement System before July 1, 2000, is considered a political subdivision solely for the purpose of permitting those employees who are members of the Public Employees Retirement System to remain members and continue to participate in the Public Employees Retirement System after July 1, 2000; (20) "Prior service" means service rendered prior to July 1, 1961, to the extent credited a member as provided in this article; (21) "Regular interest" means the rate or rates of interest per annum, compounded annually, as the board of trustees adopts from time to time; (22) "Required beginning date" means April 1 of the calendar year following the later of: (A) The calendar year in which the member attains age 70.5 (if born before July 1, 1949) or age 72 (if born after June 30, 1949); or (B) the calendar year in which a member ceases providing service covered under this retirement system to a participating employer; (23) "Retirant" means any member who commences an annuity payable by the retirement system; (24) "Retirement" means a members withdrawal from the employ of a participating public employer and the commencement of an annuity by the retirement system; (25) "Retirement system" or "system" means the West Virginia Public Employees Retirement System created and established by this article; (26) "Retroactive service" means: (1) Service between July 1, 1961, and the date an employer decides to become a participating member of the Public Employees Retirement System; (2) service prior to July 1, 1961, for which the employee is not entitled to prior service at no cost in accordance with 162 CSR 5.12; and (3) service of any member of a legislative body or employees of the State Legislature whose term of employment is otherwise classified as temporary for which the employee is eligible, but for which the employee did not elect to participate at that time; (27) "Service" means personal service rendered to a participating public employer by an employee of a participating public employer; (28) "Special needs trust" means a trust established pursuant to 44D-8B-13 of this code for an individual beneficiary with a disability and such special needs trust is or will become irrevocable by the time the retirant names the special needs trust as the beneficiary of retirants annuity benefits in place of the individual beneficiary and terminates upon the death of the individual beneficiary with no further annuity benefits being payable; and. Manage My Benefits. (b) For the purposes of this section: (1) "Regularly employed on a full-time basis" means employment of an individual by a participating public employer, in a position other than as an elected or appointed public official, which normally requires 12 months per year service and at least 1,040 hours of service per year in that position; (2) "temporary full-time employment" or "temporary part-time employment" means employment of an individual on a temporary or provisional basis by a participating public employer, other than as an elected or appointed public official, in a position which does not otherwise render the individual as regularly employed; (3) "former employee of the Legislature" means any person who has retired from employment with the Legislature and who has at least 10 years contributing service with the Legislature; and (4) "reemployed by the Legislature" means a former employee of the Legislature who has been reemployed on a per diem basis not to exceed 175 days per calendar year. %PDF-1.7 % All employees hired afterJuly 1, 2002are paid one pay period in arrears (or one pay period behind). NOTE: The purpose of this bill is to modify the length of service 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 must serve to obtain service credit towards retirement; remove the requirement that a person retiring from the Legislature must be removed from employment prior to being eligible for temporary employment with the Legislature; and increase the maximum annual remuneration a retirant may earn as a temporary legislative employee. Your pay (salary) was determined at the time you were hired, based on your job classification, your qualifications, and your agencys financial determination. Call: 1-888-680-7342 Email: peia.help@wv.gov. 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: , 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. H|SMo@WHb3|[(J q@aRV*];$](63[6!ys34ow! 5-10-48. (f) A member who is participating in the system simultaneously as both a regular, full-time employee of a participating public employer and as an elected or appointed member of the legislative body of the state or any political subdivision may, upon meeting the age and service requirements of this article, elect to retire from his or her regular full-time state employment and may commence to receive an annuity from the system without terminating his or her position as a member of the legislative body of the state or political subdivision: Provided, That the retired member shall not, during the term of his or her retirement and continued service as a member of the legislative body of a political subdivision, be eligible to continue his or her participation as a contributing member of the system and shall not continue to accrue any additional service credit or benefits in the system related to the continued service. (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: , 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. (29) "State" means the State of West Virginia. !L\m"\0F@0183|IRYE^LHh$lUwzJK9JkF&}1z*xqi\h:v3FB::F#s+O(sAU:_QKX Iggy%,'k66Z\kfmE+NfGSr0uYJ'f%7Y0G82+ QkJNbER}5oNC74Qu6J|D~]+c~;sx ws~gxs^S2F"z[| _n_wZ 0 =b Service credit awarded for legislative employment pursuant to this section shall be used for the purpose of calculating that members retirement annuity, pursuant to 5-10-22 of this code, and determining eligibility as it relates to credited service, notwithstanding any other provision of this section. NOTE: If you become reemployed by an employer participating in this retirement system while your (3) Service may be credited to a member who was employed by a political subdivision if his or her employment occurred within a period of 30 years immediately preceding the date the political subdivision became a participating public employer. &0z@MjTgd0 The board shall have final power to decide whether the payments shall be considered compensation for purposes of 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: , 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. Where an employee purchases service credit for employment which occurred after 1988, that employee shall pay for the employees share and the employer shall pay its share for the purchase of retroactive service credit: , That no legislative employee and no current or former member of the Legislature may be required to pay any interest or penalty upon the purchase of retroactive service credit in accordance with the provisions of this section where the employee was not eligible to become a member during the years for which he or she is purchasing retroactive credit or had the employee attempted to contribute to the system during the years for which he or she is purchasing retroactive service credit and the contributions would have been refused by the board: , That a current legislative employee purchasing retroactive credit under this section shall do so within 24 months of beginning contributions to the retirement system as a legislative employee or no later than December 31, 2016, whichever occurs later: , That once a legislative employee becomes a member of the retirement system, he or she may purchase retroactive service credit for any time he or she was employed by the Legislature and did not receive service credit. 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: , 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: , 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. Esc0Y )TGzLw1K! the state contributes only 4.69 percent. He may take a modification from his adjusted gross income for the full amount of pension he receives from that fund. %%EOF You will need to fill out a. 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. (1) Notwithstanding the provisions of subsection (c) of this section, a retired judge or justice who is recalled and assigned to temporary service as a senior judge or justice by the West Virginia Supreme Court of Appeals may receive per diem compensation pursuant to the requirements of 51-9-10 of this code while continuing to receive his or her annuity. Employees of the State Legislature whose terms of employment are otherwise classified as temporary and who are employed to perform services required by the Legislature during the interim time between regular sessions shall receive service credit of one month for each 10 days served during 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: Provided further, That no more than one year of service may be credited to any temporary legislative employee for all service rendered by that employee in any calendar year and no days may be carried over by a temporary legislative employee from one calendar year to another calendar year where the member has received a full year credit for that year. endstream endobj 15 0 obj <>stream WVPB News. 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. Bureau for Child Support Enforcement. (c) Any member of the State Legislature, the Clerk of the House of Delegates, the Clerk of the State Senate, and any employee of the State Legislature whose 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 sessions in seven consecutive five calendar years, as certified by the Clerk clerk of the House house of the Legislature in which the employee served, or any member of the legislative body of any other political subdivision shall become a member of the retirement system provided he or she notifies the retirement system in writing of his or her intention to be a member of the system and files a membership enrollment form as prescribed by the Board of Trustees, and each person, upon filing his or her written notice to participate in the retirement system, shall by that act authorize the Clerk of the House of Delegates or the Clerk of the State Senate or such person or legislative agency as the legislative body of any other political subdivision shall designate to deduct the members contribution, as provided in 5-10-29(b) of this code, and after the deductions have been made from the members compensation, the deductions shall be forwarded to the retirement system. (g) (1) Notwithstanding any provision to the contrary, the seven five consecutive calendar years requirement, and the 13 consecutive seven calendar years requirement, and the service credit requirements set forth in this section shall be applied retroactively to all periods of legislative employment prior to the passage of this section, including any periods of legislative employment occurring before the seven consecutive five and 13 consecutive seven calendar years referenced in this section: Provided, That the employee has not retired prior to the effective date of the amendments made to this section in the 2002 regular session of the Legislature. INPRS. Title: 2023 Retirement Calendar.xls Author: WVA0012 hlRmHSQ~mwY-+D-GV3V3eLl]0BZ?f ?hWM ~Rr4(Ds=/ =Q+xO5,4SRpD+ $_U.-k\L"V}>X6aKS{UO^--L8A}'7gnoe>-v[w:dGU/5'5oLL6e8>{un~carGj7Fdr/xu ^i]'jd[ fB9td]1Dd">F`g"#`'DdfuR!~T\7&$pE=}B9 !HHp!X!D0 l=)t"QTuHM!@%n;dF 5;j 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. endstream endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj <>stream % % EOF you will need to fill out a help you save toward your financial goals in Retirement! 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