West Virginia SB1035 amends the Judges' Retirement System, affecting contributions, benefits, and eligibility for judges appointed or elected after.

West Virginia SB1035 amends the Judges' Retirement System by modifying contribution rates and benefit calculations for judges appointed or elected after July 1, 2005. It suspends contributions from courts until the pension fund's overfunded status falls below 150%. Judges appointed or elected after July 1, 2005, are treated as pre-2005 retirees. The bill also provides for actuarially reduced pension benefits in certain circumstances, increases benefits for surviving spouses of certain judges, and eliminates limitations on retirement benefit increases.

West Virginia SB1035 amends the Judges' Retirement System, affecting contributions, benefits, and eligibility for judges appointed or elected after.

West Virginia SB1035 amends the Judges' Retirement System by modifying contribution rates and benefit calculations for judges appointed or elected after July 1, 2005. It suspends contributions from courts until the pension fund's overfunded status falls below 150%. Judges appointed or elected after July 1, 2005, are treated as pre-2005 retirees. The bill also provides for actuarially reduced pension benefits in certain circumstances, increases benefits for surviving spouses of certain judges, and eliminates limitations on retirement benefit increases.