H. B. 4071
(By Delegates Swartzmiller,
Stemple, Ennis and Boggs)
[Introduced January 19, 2004; referred to the
Committee on Pensions and Retirement then Finance.]
A BILL to amend and reenact §7-14D-7 of the code of West Virginia,
1931, as amended, relating to employers' contributions to the
deputy sheriff retirement fund; and increasing the
contribution from nine and one-half to ten and one-half
percent.
Be it enacted by the Legislature of West Virginia:
That §7-14D-7 of the code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:
ARTICLE 14D. DEPUTY SHERIFF RETIREMENT SYSTEM ACT.
§7-14D-7. Members' contributions; employer contributions.
There shall be deducted from the monthly salary of each member
and paid into the fund an amount equal to eight and one-half
percent of his or her monthly salary. Any active member who has
concurrent employment in an additional job or jobs and such
additional employment requires the deputy sheriff to be a member of another retirement system which is administered by the consolidated
public retirement board pursuant to article ten-d, chapter five of
this code shall contribute to the fund the sum of eight and
one-half percent of his or her monthly salary earned as a deputy
sheriff as well as the sum of eight and one-half percent of his or
her monthly salary earned from any additional employment which
additional employment requires the deputy sheriff to be a member of
another retirement which is administered by the consolidated public
retirement board pursuant to article ten-d, chapter five of this
code. An additional nine ten and one-half percent of the monthly
salary of each member shall be paid to the fund by the county
commission of the county in which the member is employed in covered
employment. An additional amount shall be paid to the fund by the
county commission of the county in which the member is employed in
covered employment in an amount determined by the board: Provided,
That in no year may the total of the contributions provided in this
section, to be paid by the county commission, exceed ten and
five-tenths percent of the total payroll for the members in the
employ of the county commission for the preceding fiscal year. If
the board finds that the benefits provided by this article can be
actually funded with a lesser contribution, then the board shall
reduce the required member and and/or employer contributions.
proportionally
NOTE: The purpose of this bill is to increase the employers'
contributions to the deputy sheriff retirement fund from nine and
one-half to ten and one-half percent.
Strike-throughs indicate language that would be stricken from
the existing law, and underscoring indicates new language that
would be added.
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