West Virginia 2023 Regular Session

West Virginia House Bill HB3060

Introduced
1/25/23  

Caption

Permitting membership of the state teachers retirement system to include any person who has been retired by any other retirement system administered by the Board at the option of the retirant

Impact

If enacted, HB3060 would positively impact state laws by expanding the eligibility criteria for the state teachers retirement system. This change will allow more retired individuals from various sectors of public service to re-enter the education workforce without being penalized in terms of their retirement status. The legislation could lead to a more diversified and experienced teaching workforce, thereby benefiting educational institutions and students alike. Addition of these retirees might help address any shortages in specific teaching areas, enhancing the overall quality of education within the state.

Summary

House Bill 3060 aims to amend the state teachers retirement system laws in West Virginia to allow any person who has been retired from another retirement system administered by the West Virginia Consolidated Retirement Board to become a member of the state teachers retirement system, provided they meet certain conditions. This update to the law is intended to provide more options for retired individuals looking to return to work in educational roles, thereby potentially increasing the pool of qualified educators within the state. It specifically addresses individuals who may have retired from other government sectors yet wish to work in education without facing restrictions from prior retirement benefits.

Sentiment

The sentiment surrounding HB3060 appears to be largely positive among advocates of educational reform and those concerned about teacher shortages. Supporters argue that the bill provides valuable opportunities for re-engagement of experienced retirees in educational roles, which can only enhance the capabilities of schools. Conversely, there may be some concerns from those wary of blending different retirement systems and the implications it might have on the benefits of teachers currently in the system. However, as the discussion suggests, the general consensus leans towards approval for increasing educational staffing flexibility.

Contention

While there does not seem to be significant contention surrounding HB3060 itself, the potential implications of the bill's passage may prompt discussions on retirement benefits and employment rules for retired personnel. Critics may worry about the financial sustainability of permitting these re-entries, fearing it could impact the funding of retirement systems. Moreover, clarity regarding how this will work in practice, especially concerning the lack of service credit for periods before joining the teachers retirement system, could become points of debate if the bill advances.

Companion Bills

No companion bills found.

Previously Filed As

WV HB3236

Relating to the Teachers Retirement System and the Teachers’ Defined Contribution Retirement System

WV SB451

Relating to Teachers Retirement System and Teachers’ Defined Contribution Retirement System

WV HB328

AN ACT relating to membership dates in the state-administered retirement systems.

WV A2758

Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.

WV S1491

Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.

WV A874

Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.

WV S260

Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.

WV HB2189

Public retirement systems; Teachers' Retirement System; vesting; effective date; emergency.

WV SB173

Restricting participation in State Teachers Retirement System by members who serve as officer in professional teaching association

WV SB712

Relating to retirement provisions of systems managed by CPRB

Similar Bills

No similar bills found.