H. B. 2984
(By Delegate H. White)
[Introduced February 12, 2003; referred to the
Committee on Pensions and Retirement then Finance.]
A BILL to amend and reenact section fourteen-b, article seven-a,
chapter eighteen of the code of West Virginia, one thousand
nine hundred thirty-one, as amended, relating to state
teachers retirement system; increasing the amount of service
credit a teacher off work on workers' compensation may
purchase; setting forth a window for the purchase and
providing that a teacher receive increment credit for each
year purchased.
Be it enacted by the Legislature of West Virginia:
That section fourteen-b, article seven-a, chapter eighteen of
the code of West Virginia, one thousand nine hundred thirty-one, as
amended, be amended and reenacted to read as follows:
ARTICLE 7A. STATE TEACHERS RETIREMENT SYSTEM.
§18-7A-14b. Members' option to make contributions for periods of temporary total disability.
Any member who was absent from work while receiving temporary
total disability benefits pursuant to the provisions of chapter
twenty-three of this code as a result of a compensable injury
received in the course of and as a result of his or her employment
with the covered employer during the time period beginning the
first day of January, one thousand nine hundred eighty-eight and
the thirty-first day of December, one thousand nine hundred
ninety-eight, may purchase credited service for that time period or
those time periods the member was absent from work as a result of
a compensable injury and receiving temporary total disability
benefits:
Provided, That the member returned to work with his or
her covered employer within one year following the cessation of
temporary total disability benefits. The member desiring to
purchase such credited service may do so only by lump sum payment
from personal funds:
Provided, however, That the purchase of
service credit pursuant to the provisions of this section shall be
completed between the time period beginning the first day of July,
two thousand
three and ending the thirtieth day of June, two
thousand
one four: Provided further, That in order to purchase
such service credit, the member shall pay to the board his or her
regular contribution and an equal amount that represents the
employer's contribution, based on the salary the member was
receiving immediately prior to having sustained such compensable injury:
And provided further, That the member purchasing service
credit under the provisions of this section may not be charged
interest. The maximum number of years of service credit that may
be purchased under this section shall not exceed
four five: And
provided further, That each year purchased under this section shall
count as a year of experience for purposes of the increment set
forth in section two, article four, chapter eighteen-a of this
code.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.
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