The State of West Virginia offers an outstanding defined benefit pension plan the Public Employees Retirement System (PERS) under the Consolidated Public Retirement Board. In addition, employees are offered the voluntary opportunity to participate in the West Virginia Retirement Plus Program, a supplemental retirement plan designed to provide an extra savings alternative for all State, county, city and other political subdivision employees. For more information contact the Social Security Administration at 1-800-772-1213 or online at www.ssa.gov orwww.medicare.gov. The purpose of this bill is to modify the West Virginia State Police Retirement System. You will need to fill out a Retiree Basic Life and Health Enrollment Form, a Retiree Optional and/or Dependent Life Enrollment Form and a Termination Form or you can contact PEIA customer service at PEIA to pick up a retirement packet or you can contact PEIA customer service at 1-888-680-7342 to request that a retirement packet be mailed to you. Employment of substitute teachers; and employment of retired teachers as substitutes in areas of critical need and shortage. This retirement program is similar to a 401(k) plan in structure except that it is designed to supplement a participant's primary retirement plan. For example, an employee who has completed 12 full years of service would receive an additional $720 (from which normal State and federal deductions are made). Retired members who are enrolled in an HMO when they become Medicare-eligible will be transferred to PEIAs Special Medicare Plan. (a) For school year 2022-2023, and continuing thereafter, each teacher shall receive the amount prescribed in the State Minimum Salary Schedule as set forth in this section, specific additional amounts prescribed in this section or article, and any county supplement in effect in a county pursuant to 18A-4-5a of this code during the contract year. West Virginia Consolidated Public Retirement Board's site. 3.33 years of service = 1 year individual coverage 5.00 years of service = 1 year family coverage Less than 12 month faculty service typically refers to 9 month faculty, but would include any contract of less than 12 months, such as 10 month, 11 month contracts, etc. . **Checks are issued on the Check Mailing date and payable on the Direct Deposit date. 17 31 Actual benefits will be calculated and verified by TRS staff when you retire. You will need to fill out a. . You should seek guidance from licensed professionals before making important financial decisions.. The schedules listed below are the state minimum scales with basic plus state supplement. of Administration Confidentiality Agreements, Office of Technology Policy on Information Security, Workplace Security Policy (with Acknowledgement form), Public Employees Retirement System (PERS) Membership Enrollment Form, WV Retirement Plus (wv457) Participation Agreement, WV Department of Administration Finance Division, WV Employee's withholding Exemption Certificate. to obtain a formal Retirement Benefit Estimate completed by a TRS Retirement (B) Teacher or substitute teacher includes speech pathologists, school nurses and school counselors. You will need to visit the Social Security Office and sign up for Medicare parts A and B. PEIA will need a copy of your Medicare card when you receive it. You can visit customer service at PEIA to pick up a retirement packet or you can contact PEIA customer service at 1-888-680-7342 to requestthat a retirement packet be mailed to you. SCHOOL PERSONNEL. Therefore, before making any Email: CPRB@wv.gov. You can elect optical and dental care through, Premium and Benefit Assistance Form (Medicare), Retiree Basic Life and Health Enrollment Form, Retiree Optional and/or Dependent Life Enrollment Form, Retiree Basic Life and Health Enrollment Form. Latest News. If you have left the employment of West Virginia State University you can contact TIAAto request a rollover or withdraw from your account. PO Box 2105. Ph: (304) 558-6181 Fax: (304) 558-1950 Office Hours: M-F 8:30am - 4:30pm Email: Finance@wv.gov 0000048476 00000 n The PEIA Retiree Medical Premiums Depending on your employment status and the types of retirement plans you hold, you may be able to defer withdrawing funds from your account beyond age 70. 0000053937 00000 n If you are already beyond age 65 and not signed up for Medicare just contact the Social Security Administration to enroll. The State of West Virginia offers an outstanding defined benefit pension plan the Public Employees Retirement System (PERS) under the Consolidated Public Retirement Board. This retirement program is similar to a 401(k) plan in structure except . Specific information regarding retirement benefits is available on the West Virginia Consolidated Public Retirement Board's site. The WVDE grants military leave in accordance with the provisions of state law 15-1F-1 and under the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA ). Edit your wv retirement board forms online. The answer is if you are receiving health coverage through WVSU as either an actively working employee, or dependent, including the spouse,of an actively working employee you are not required to enroll in Medicare Part B. PEIAShoppersGuide,SummaryPlan Description, and Mountaineer Flex Benefits booklets will be sent via interdepartmental mail or as needed. (304) 558-3570 or (800) 654-4406 (Nationwide) Mechanicsburg, PA 17055-2105 . calculated, or any other amount; and. Employment of substitute teachers; and employment of retired teachers as substitutes in areas of critical need and shortage. If you have questions regarding your particular circumstances, please callBenefits Office at 304-766-3184 or the Social Security Administration at 800-772-1213, or online atwww.ssa.govorwww.medicare.gov. 4101 MacCorkle Avenue S.E [Introduced January 12, 2022; referred to. The purpose of this bill is to update definitions regarding county firefighters, medical examinations and 911 personnel, and to add a severability section. (6) A retired teacher is eligible to be employed as a critical needs substitute teacher to fill a vacant position without any loss of retirement benefits attributed to the annuity reserve only if the retired teachers retirement became effective before the first day of July preceding at least the fiscal year during which he or she is employed as a critical needs substitute teacher. The purpose of this bill is to define "medical examination" for disability retirement purposes in retirement plans administered by the Consolidated Public Retirement Board (PERS, DSRS, MPFRS, State Police Plan B, EMSRS, TRS, and NRPORS). Summary Plan Description PPB Plans A, B & D* Go to the following link on the WVDE site for a list of county . Full benefits at any age with 35 years of service. Avg State Funded Salaries 23 Final. All final retirement benefits shall be determined by a TRS You are required to have Medicare Part B as a retiree, or dependent of a retiree, when enrolled in the PEIA retiree health insurance. The years of service for PEIA retiree medical insurance generally include the years that an employee has worked in a benefit-eligible status for the state of West Virginia. If you choose to move directly to Humana, you will need to call PEIA at 1-888-680-7342 and request a transfer form. Home. 0000044818 00000 n hb``a``ag [qY8Peu";SoU,l6o Annual Comprehensive Financial Report (ACFR). 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. Once an employee is determined to be disabled for retiree medical insurance, the employee is automatically treated as if the employee has attained 25 years of service. 2023-2024 KCS PreK Enrollment. For retirees with direct deposit of their pension payments, PERA will release direct deposit benefit payments on the last working day of the month. Credita ble Service (Tenure) Calculator. Conversely, the most expensive are for those retirees with the fewest years of service and the employees and their dependents that are not eligible for Medicare. The TRS Retirement Benefit Calculator can be used to estimate your monthly retirement benefit for selected dates based on service and salary information you enter. Below are links to several calculators and calendars to assist you: Annual Increment Pro-Rata Calculator. WVDE employees who are members of the National Guard or any reserve component of the United States Armed Forces may be granted paid military leave, without loss of status or benefits, for a period not to exceed 30 working days in any one calendar year. The retiree medical premium rates are based on an employees years of service, if the employee or dependents are eligible for Medicare, if the employee chooses to cover dependents, and tobacco use status of the employee and any covered dependents. 0000000916 00000 n Click herefor more information on the West Virginia Retirement Plus Program. The TRS Retirement Benefit Calculator can be used to estimate your monthly retirement benefit for selected dates based on service and salary information you enter. 0000036998 00000 n The bill allows leave bank days to be used to add service for any retirement system or to extend insurance coverage. Based on our analysis of West Virginia's teacher retirement plan, it earned an overall grade of F. West Virginia earned a F for providing adequate retirement benefits for teachers and a F on . An employees contributions to the 401(a) plan, therefore, do not reduce an employees future Social Security benefits. All WVSU benefits-eligible service is included in this total. Coverage will be effective upon approval of PEIAs life insurance carrier. Charleston, West Virginia 25304 Upon verification of compliance with this section and the eligibility of the critical needs substitute teacher for employment beyond the post-retirement limit, the state board shall submit the affidavit to the Consolidated Public Retirement Board. Contact: Retirement Benefits Contact: Electronic Payments Division Consolidated Public Retirement Board West Virginia State Auditor's Office 1.800.654.4406 1.800.500.4079 All WVSU benefits-eligible service is included in this total. What do I do now ? Medicare Part A is an free entitlement available to most people at the attainment of age 65 or earlier for disability and some specific medical conditions. 0000001669 00000 n [Detail] [Text] [Discuss] 2023-01-11. The maximum employer contributions to the 401(a) plan are set by the IRS. The purpose of this bill is to allow a credit toward judicial retirement for public defender service. 0000023848 00000 n Some commonly used payroll forms and links are provided on this page. Step 6a 23 Final. Title: 2023 biweekly pay calendar DRAFT v4 FINAL.xlsx Author: lisa.comer Created Date: 5/24/2022 3:42:21 PM The remaining 21.75 percent state contribution is to pay down the pension fund's debt. (b) Notwithstanding any other provision of this code to the contrary, a substitute teacher who has been assigned as a classroom teacher in the same classroom continuously for more than one half of a grading period and whose assignment remains in effect two weeks prior to the end of the grading period, shall remain in the assignment until the grading period has ended, unless the principal of the school certifies that the regularly employed teacher has communicated with and assisted the substitute with the preparation of lesson plans and monitoring student progress or has been approved to return to work by his or her physician. 0000036898 00000 n 0000003117 00000 n Specific information regarding retirement benefits is available on the West Virginia Consolidated Public Retirement Board's site. All employee contributions to the 401(a) plan are immediately 100% vested. The purpose of this bill is to authorize an expenditure of revenue from the Municipal Pension and Protection Fund and Fire Protection Fund. 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. An employee is eligible to receive paid leave for the time required to determine surgical fitness and compatibility as a potential donor, as verified by a physician or medical practitioner, even if subsequently found to be surgically unfit or incompatible, or if the organ donation does not occur. Surviving dependents are treated as they are a retiree with 25 years of service and are eligible for lower premiums as determined by years of service. The WV State Teachers Retirement System (TRS) provides income estimates upon receipt of a completed estimate request form. Use Self Service to: View your account details. WV State Teachers Retirement System (TRS) and PEIA guidelines are: Full benefits at age 60 with 5 years of service. 0000032650 00000 n 0000001113 00000 n 12/26/2023. Check with the Office of Human Resources for further details concerning military leaves of absence (with and without pay) and associated benefits. West Virginia Consolidated Public Retirement Board's site. The purpose of this bill to modify examinations for the purpose of determining disability pensions. Examples of the servicesprovidedinclude: health insurance benefits, retirement, and PEIA. This ESTIMATE calculation, future salary, and years The purpose of this bill is to provide a one-time cost-of-living supplement to retirement benefits of under $60,000 a year. Vesting simply means employees contributions are theirs to keep should they decide to stop working for WVSU and obtain employment elsewhere. by the Department are required by state law to be members in the Teachers Retirement System administered by the West Virginia Consolidated Public Retirement Board. Trans Allow 23 Second Prel Comps. If an employee becomes disabled and is approved for Social Security Disability Income (SSDI), is not covered by the West Virginia State Teachers Retirement System (i.e., retirement is with TIAA-CREF or Great West) and has at least 10 years of service, the employee is eligible to retire as disabled. Charleston, WV 25305. The purpose of this bill is to authorize sheriffs who are members of the public retirement system to retire upon attaining the age of sixty-two with eight or more years of service. the Committee on Government Organization; and then to the Committee on Finance] A BILL to amend the Code of West Virginia, 1931, as amended, by adding there to a new section, designated 5-5-2a; to amend and . The calculator is ONLY an estimate of your benefit. They do not include any local salary supplements that your county may have in place. You may continue your basic, optional and dependent life insurance at the time of retirement. . The years of service for PEIA retiree medical insurance generally include the years that an employee has worked in a benefits-eligible status for the state of West Virginia. Years of Service for PEIA Retiree Medical insurance. Finance Division, 2101 Washington Street East Finally, in West Virginia, as with most states, teacher . Termination Form*Retiree Optional and/or Dependent Life Enrollment Form* The rates are included in thePEIA Shopper's Guideand just like active employee rates, are subject to change upon approval of the PEIA Finance Board and West Virginia Retiree Health Benefits Trust. Time off (without loss of pay or charge to annual leave) is provided to eligible employees who, in response to a subpoena or direction by other proper authority, are . If any dependent is Medicare eligible, PEIA will need a copy of their Medicare Card also. I acknowledge and agree that: 1). 0000002561 00000 n These members in the Special Medicare Plan will be moved to PEIAs Medicare Advantage Plan at the beginning of the next plan year (the following January). (3) A person receiving retirement benefits under article seven-a, chapter eighteen of this code or who is entitled to retirement benefits during the fiscal year in which that person retired may accept employment as a critical needs substitute teacher for an unlimited number of days each fiscal year without affecting the monthly retirement benefit to which the retirant is otherwise entitled if the following conditions are satisfied: (A) The county board adopts a policy recommended by the superintendent to address areas of critical need and shortage for substitute teachers; (B) The policy sets forth the areas of critical need and shortage for substitute teachers in the county in accordance with the definition of area of critical need and shortage for substitute teachers set forth in subdivision (2) of this subsection; (C) The policy provides for the employment of retired teachers as critical needs substitute teachers during the school year on an expanded basis in areas of critical need and shortage for substitute teachers as provided in this subsection; (D) The policy provides that a retired teacher may be employed as a substitute teacher in an area of critical need and shortage for substitute teachers on an expanded basis as provided in this subsection only when no other teacher who holds certification and training in the area and who is not retired is available and accepts the substitute assignment; (E) The policy is effective for one school year only and is subject to annual renewal by the county board; (F) The state board approves the policy and the use of retired teachers as substitute teachers on an expanded basis in areas of critical need and shortage for substitute teachers as provided in this subsection; and. This bill was recommended for introduction during the 2023 regular session of the Legislature by the Municipal Pensions Oversight Board. Note for New Retirees: . 0000054204 00000 n Math Field Day 2023. 0000037099 00000 n Reduced benefits before age 55 with at least 30 but less than 35 years of service. The calculator is ONLY an estimate of your benefit. If you receive 09/26/2023. In order to obtain a retirement packet, I must contact TRS Medical benefits under the Special Medicare Plan are generally the same as those provided under PEIAs Medicare Advantage plan.For Medicare Retirees, Medicare will be primary and PEIA will be secondary. Consolidated Public Retirement Board West Virginia State Auditor's Office 4101 MacCorkle Avenue SE Building 1, Suite W-100 Charleston, WV 25304 Charleston, WV 25305 www.wvretirement.com www.wvsao.gov 2023 DIRECT DEPOSIT CALENDAR FOR RETIREES JANUARY FEBRUARY MARCH SM TWT F S S M T W T FS S M TW T F S . HWm_~.bIQ$R4E\h>$A/ln! 0000001529 00000 n The retiree medical premium rates are based on: The rates are included in the PEIA Shoppers Guide each year and just like active employee rates are subject to change upon approval of the PEIA Finance Board and West Virginia Retiree Health Benefits Trust. (G) Prior to employment of a retired teacher as a critical needs substitute teacher beyond the post-retirement employment limitations established by the Consolidated Public Retirement Board, the superintendent of the affected county submits to the state board in a form approved by the Consolidated Public Retirement Board and the state board, an affidavit signed by the superintendent stating the name of the county, the fact that the county has adopted a policy to employ retired teachers as substitutes to address areas of critical need and shortage, the name or names of the person or persons to be employed as a critical needs substitute pursuant to the policy, the critical need and shortage area position filled by each person, the date that the person gave notice to the county board of the persons intent to retire, and the effective date of the persons retirement. The purpose of this bill is to provide an annual annuity adjustment of 1% for eligible deputy sheriff retirants and surviving spouses when the plan has reached a funded level of 105 percent. Employees are granted paid time off in observance of the following official holidays. The Commonwealth of Pennsylvania is one of two states in the US that does tax contributions to a qualified retirement plan, such as the 401(a) plan, as income. . The annual increment amount is $60 for each full year of qualifying service and is paid in July of each year. Employee contributions to the Plan are managed via convenient payroll deductions. The annual salary limit is adjusted periodicallyby the IRS and does have exceptions. shows your complete year-to-date information for the calendar year. Use of Title II Funds for Class Size Reduction, West Virginia Advisory Council for the Education of Exceptional Children, Section 504/Americans with Disabilities Act, Communities In Schools Monthly Newsletters Archive, Body Safety Education and Sexual Abuse Prevention Toolkit, West Virginia General Summative Assessment (3-8), West Virginia Alternate Summative Assessment (3-8 and 11), Lexile and Quantile Measures in West Virginia, Curriculum, Instruction and Child Assessment, Program Assessment and Continuous Quality Improvement, Classrooms, Collaboration and Partnerships, Funding, Collaborative Contracts, and Classroom Budgets, WV Leaders of Literacy Campaign for Grade Level Reading, Early Learning News, Research, and Partnerships, Induction, Mentoring and Professional Growth, Standardized Testing and Enrollment Requirements, Ideas for School Improvement for Non-accredited Schools, Accredited and Registered Non-Public Schools, Annual Competitions, Scholarships and Programs, Health Education Assessment Project (HEAP), West Virginia Schools of Diversion & Transition (WVSDT), West Virginia Schools for the Deaf and the Blind, Primary Election Day (When a Statewide primary election is held), General Election Day (When a Statewide general election is held). The substitute shall be a duly certified teacher. Employer matching contributions are not considered taxable income. Building 17 These members in the Special Medicare Plan will be moved to PEIAs Medicare Advantage Plan at the beginning of the next plan year (the following January). The purpose of this bill is to increase the maximum amount of money in a county's financial stabilization fund from 30 percent of the county's most recent general fund budget to 50 percent of that fund. By Senators Hamilton, Stover, Baldwin, Caputo, Lindsay, Romano, and Woelfel. V?.}I5ebqKn+IRQmV_^%|^1GqdgSZE}K_WhB q$R`1.yqLKM@[B8lwS^bbVcKf@%vih%M0cwe; ?Z.j B*?_ buUwM5XuO{BksO&:_}_vvEOX (i3KFOZ\"Df-o8pG][4\uHI%v7~ABfMda7M6 `Oi'#%(MbW #\HV(J1[6+d`2l$fvP,=U;7LM]V[x\a%O LK\:koMp$ 2101 Washington Street East Building 17 Charleston, WV 25305. LegiScan is an impartial and nonpartisan legislative tracking and reporting service utilizing GAITS and LegiScan API. You also can delay required withdrawals from tax-advantaged plans of previous employers (such as 403(b), 401(k), 401(a) and IRA balances) if all your retirement savings are consolidated into a single retirement account. An employee is eligible to receive up to 120 hours of paid leave for the donation of an adult kidney or portion of an adult liver, and up to 56 hours of paid leave for an adult bone marrow donation. Medical Advisors log in here. 4). any amount as a result of using this calculator; 3). The purpose of this bill is to raise the retirement rate for deputy sheriffs. WV Dept of Administration final decisions concerning my benefits, I will contact the WV CPRB's obligation, either legal or equitable, to pay 10/25/2023. Senate Bill 243. 0000006943 00000 n Testing Opportunity for Homeschool Students. News. (c) (1) The Legislature hereby finds and declares that due to a shortage of qualified substitute teachers, a compelling state interest exists in expanding the use of retired teachers to provide service as substitute teachers in areas of critical need and shortage. Click herefor more information on the West Virginia Retirement Plus Program. The purpose of this bill is to provide supplement funding for the plan and to increase recruitment and retention of certified officers for the agency. 0000036796 00000 n (a) The county superintendent, subject to approval of the county board, may employ and assign substitute teachers to any of the following duties: (1) Fill the temporary absence of any teacher or an unexpired school term made vacant by resignation, death, suspension or dismissal; (2) Fill a teaching position of a regular teacher on leave of absence; and. In addition, employees are offered the voluntary opportunity to participate in the West Virginia Retirement Plus Program, a supplemental retirement plan designed to provide an extra savings alternative for all State, county, city and other political subdivision employees. The least expensive rates are for those retirees and their covered dependents who are eligible for Medicare and have at least 25 years of service with PEIA. . LOCAL SHARE 23 at 19.40c Second Prelim. Less than 12 month faculty years of service for employees hired prior to July 1, 2009, PEIA retiree medical premiums are waived. Holiday/Semi-Monthly Pay Day Calendar 2022 20 - West Virginia Day 4 - Independence Day 5 - Labor Day 30 - Memorial Day . www.tax.wv.gov. The limit is monitored internally and any employee with concerns should contact the benefit office if their salary exceeds the limit. as a promise or contract with TRS to pay the amount If an employee dies while still an active employee or a retiree, PEIA will treat any dependent, who was covered by the active employee or retiree on medical coverage, as a surviving dependent. Request the rollover/withdrawal forms from your retirement vendor, 3. Direct deposits to your bank account will be on this date or later due to bank processing. Consolidated Public Retirement Board West Virginia State Auditor's Office 4101 MacCorkle Avenue SE Building 1, Suite W-100 Charleston, WV 25304 Charleston, WV 25305 www.wvretirement.com www.wvsao.gov 2022 DIRECT DEPOSIT CALENDAR FOR RETIREES JANUARY FEBRUARY MARCH SM TWT F S S M T W T FS S M TW T F S 112345 12345 Draw your signature, type it, upload its image, or use your mobile device as a signature pad. (3) Perform the instructional services of any teacher who is authorized by law to be absent from class without loss of pay, providing the absence is approved by the board of education in accordance with the law.
