West Virginia Code
Article 7A. State Teachers Retirement System
§18-7A-25b. Withdrawal and Eligibility for Retirement Allowance for a Person Who First Becomes a Member of the Retirement System on or After July 1, 2015

(a) A person who first becomes a member of the retirement system on or after July 1, 2015, who has ten or more years of contributing service, and attains or has attained the age of sixty-two years, may retire upon his or her written application filed with the board of trustees setting forth the date on which the member desires to be retired. Upon retirement, the member shall receive an annuity provided in section twenty-six of this article.
(b) Any person who first becomes a member of the retirement system on or after July 1, 2015, who has ten or more years of contributing service and who leaves the employ of a participating public employer prior to attaining age sixty-two years for any reason except his or her disability or death, is entitled to an annuity computed according to section twenty-two of this article: Provided, That he or she does not withdraw his or her accumulated contributions from the members' deposit fund. His or her annuity shall begin the first day of the calendar month next following the month in which his or her application for same is filed with the board of trustees on or after his or her attaining age sixty-four years.
(c) Any member who qualifies for deferred retirement benefits in accordance with subsections (a) and (b) of this section and has twenty or more years of contributing service in force is entitled to an annuity computed as in subsection (a) of this section: Provided, That he or she does not withdraw his or her accumulated contributions from the members' deposit fund: Provided, however, That his or her annuity shall begin the first day of the calendar month next following the month in which his or her application for same is filed with the board of trustees on or after his or her attaining age sixty-three.
(d) Notwithstanding any of the other provisions of this section or of this article, except sections twenty-eight-a and twenty-eight-b of this article, and pursuant to rules promulgated by the board, any member who first becomes a member of the retirement system on or after July 1, 2015, and has ten or more years of contributing service in force, is currently employed by a participating public employer and who elects to take early retirement, which for the purposes of this subsection means retirement following attainment of age sixty but prior to attaining age sixty-two, is entitled to the full computation of annuity according to section twenty-two of this article but with the reduced actuarial equivalent of the annuity the member would have received if his or her benefit had commenced at age sixty-two when he or she would have been entitled to full computation of benefit without any reduction: Provided, That his or her annuity shall begin the first day of the calendar month next following the month in which his or her application for same is filed with the board of trustees on or after his or her attaining age sixty.
(e) Any member who first becomes a member of the retirement system on or after July 1, 2015, and has twenty or more years of contributing service in force, is currently employed by a participating public employer and who elects to take early retirement, which for the purposes of this subsection means retirement following attainment of age fifty-seven but prior to attaining age sixty-two, is entitled to the full computation of annuity according to section twenty-two of this article but with the reduced actuarial equivalent of the annuity the member would have received if his or her benefit had commenced at age sixty-two when he or she would have been entitled to full computation of benefit without any reduction: Provided, That his or her annuity shall begin the first day of the calendar month next following the month in which his or her application for same is filed with the board of trustees on or after his or her attaining age fifty-seven.
(f) Any member who first becomes a member of the retirement system on or after July 1, 2015, and has thirty or more years of contributing service in force, is currently employed by a participating public employer and who elects to take early retirement, which for the purposes of this subsection means retirement following attainment of age fifty-five but prior to attaining age sixty-two, is entitled to the full computation of annuity according to section twenty-two of this article but with the reduced actuarial equivalent of the annuity the member would have received if his or her benefit had commenced at age sixty-two when he or she would have been entitled to full computation of benefit without any reduction: Provided, That his or her annuity shall begin the first day of the calendar month next following the month in which his or her application for same is filed with the board of trustees on or after his or her attaining age fifty-five.

Structure West Virginia Code

West Virginia Code

Chapter 18. Education

Article 7A. State Teachers Retirement System

§18-7A-1. Establishment of Retirement System

§18-7A-2. Supplemental Benefits

§18-7A-2a. Governing Boards of Educational Institutions Authorized to Pay Supplemental Retirement Benefits

§18-7A-3. Definitions

§18-7A-3a. Federal Qualification Requirements

§18-7A-4. Teachers Retirement Board

§18-7A-11. Records; Actuarial Data; Tables; Specification of Actuarial Assumptions

§18-7A-12. Reports by Retirement Board

§18-7A-13. Membership in Retirement System; Cessation of Membership; Reinstatement of Withdrawn Service

§18-7A-13a. Resumption of Service by Retired Teachers

§18-7A-13b. Option of Certain Present Members to Elect Between State and Federal Retirement Systems; Payment of Contributions to Federal System

§18-7A-14. Contributions by Members; Contributions by Employers; Forfeitures

§18-7A-14a. Options of Certain Members to Elect Between State Teachers Retirement System, a Combination of That System and a Supplemental Retirement System, and a Retirement Plan Other Than the State Teachers Retirement System

§18-7A-14b. Members' Option to Make Contributions for Periods of Temporary Total Disability

§18-7A-14c. Correction of Errors; Underpayments; Overpayments

§18-7A-15. Collection of Membership Contributions

§18-7A-16. Transfer of Appropriations

§18-7A-17. Statement and Computation of Teachers' Service

§18-7A-17a. Qualified Military Service

§18-7A-17b. Military Service Credit for Members of the West Virginia National Guard

§18-7A-18. Teachers Retirement System Fund; Transfers

§18-7A-18a. Calculation of Allocation to Teachers Retirement System Fund

§18-7A-19. Custody of Funds; Disbursements; Bond of Custodian; Annual Statement

§18-7A-20. Investment of Funds

§18-7A-21. Misuse of Funds; Penalties

§18-7A-22. Persons Eligible for Prior Service Pensions

§18-7A-23. Withdrawal and Death Benefits

§18-7A-23a. Terminal Benefits

§18-7A-25. Eligibility for Retirement Allowance

§18-7A-25a. Prohibited Forced Retirement of College and University Professors

§18-7A-25b. Withdrawal and Eligibility for Retirement Allowance for a Person Who First Becomes a Member of the Retirement System on or After July 1, 2015

§18-7A-26. Computation of Annuities

§18-7A-26a. Additional Benefits for Certain Annuitants

§18-7A-26b. Supplemental Benefits for Certain Annuitants

§18-7A-26c. Supplemental Benefits for Certain Annuitants

§18-7A-26d. Supplemental Benefits for Certain Annuitants

§18-7A-26e. Supplemental Benefits to Certain Annuitants

§18-7A-26f. Supplemental Benefits for Certain Annuitants

§18-7A-26g. Supplemental Benefits for Certain Annuitants

§18-7A-26h. Supplemental Benefits for Certain Annuitants

§18-7A-26i. Supplemental Benefits for Retired Teachers

§18-7A-26j. Supplemental Benefits for Certain Teachers Who Retired Prior to July 1, 1981

§18-7A-26k. Supplemental Benefits for Certain Teachers Who Retired Between July 1, 1981, and July 1, 1982

§18-7A-26l. Supplemental Benefits for Certain Teachers Who Retired Prior to July 1, 1982

§18-7A-26m. Supplemental Benefits for Certain Teachers

§18-7A-26n. Supplemental Benefits for Certain Teachers Who Retired on or After July 1, 1984, but Prior to July 1, 1986

§18-7A-26o. Supplemental Benefits for Certain Teachers Who Retired Prior to July 1, 1986

§18-7A-26p. Supplemental Benefits for Certain Teachers Who Retired on or After July 1, 1986, but Prior to April 1, 1988

§18-7A-26q. Supplemental Benefits for Certain Teachers Who Retired Prior to April 1, 1988

§18-7A-26r. Minimum Benefit for Certain Retired Members; Legislative Declaration; State Interest and Public Purpose

§18-7A-26s. One-Time Supplement for Certain Annuitants Effective July 1, 2001

§18-7A-26t. One-Time Supplement for Certain Annuitants Effective July 1, 2006

§18-7A-26u. One-Time Bonus Payment for Certain Annuitants Effective July 1, 2008

§18-7A-26v. One-Time Bonus Payment for Certain Annuitants Effective July 1, 2011

§18-7A-26w. Minimum Benefit for Certain Retired Members

§18-7A-27. Regular Interest

§18-7A-28. Options to Beneficiaries; Change of Certain Options Because of Divorce or Annulment; Limitation on Recalculated Monthly Benefits

§18-7A-28a. Federal Law Maximum Benefit Limitations

§18-7A-28b. Federal Law Minimum Required Distributions

§18-7A-28c. Direct Rollovers

§18-7A-28d. Rollovers and Transfers to Purchase Service Credit or Repay Withdrawn Contributions

§18-7A-28e. Limitations on Benefit Increases

§18-7A-29. Fraud; Penalties

§18-7A-30. Exemption From Taxation, Garnishment and Other Process; Exception for Qualified Domestic Relations Order

§18-7A-31. Unexpended Funds Under Prior Appropriations

§18-7A-32. Inconsistent Acts Repealed

§18-7A-33. Constitutionality

§18-7A-34. Loans to Members

§18-7A-35. Coverage for Nonteaching Employees; Prior Service Credit

§18-7A-35a. Prior Service Credit for Former Members of the State Teachers Retirement System Employed in a Nonteaching Capacity

§18-7A-35b. Temporary Early Retirement Incentives Program; Legislative Declarations and Findings; Termination Date

§18-7A-35c. Termination of Benefits; Procedure

§18-7A-36. Joint Study of State Retirement Systems; Report to Joint Committee on Government and Finance by Specified Date of Study Conclusions

§18-7A-37. Benefits Not Forfeited if System Terminates

§18-7A-38. Maximum Number of Days a Retired Teacher May Accept Employment; Calculating Days Worked for Retirants Engaged in Substitute Teaching

§18-7A-39. Employee Pension and Health Care Benefits Fund

§18-7A-40. Higher Education Employees