Increases retirement benefits for West Virginia Natural Resources Police Officers retiring after July 1, 2026.

The bill modifies the West Virginia Natural Resources Police Officer Retirement System to increase the accrued benefit for members retiring after July 1, 2026. Specifically, it raises the accrued benefit percentage from two and three-fourths percent to two and seven-eighths percent of the member's final average salary multiplied by their years of credited service. Additionally, it mandates a one-time payment of $4,250,000 to the retirement fund starting July 1, 2026.

Increases retirement benefits for West Virginia Natural Resources Police Officers retiring after July 1, 2026.

The bill modifies the West Virginia Natural Resources Police Officer Retirement System to increase the accrued benefit for members retiring after July 1, 2026. Specifically, it raises the accrued benefit percentage from two and three-fourths percent to two and seven-eighths percent of the member's final average salary multiplied by their years of credited service. Additionally, it mandates a one-time payment of $4,250,000 to the retirement fund starting July 1, 2026.