Retirement System

 

All personnel regularly employed 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.  Employees who have worked in other state government positions may be protected under the Public Employees Retirement Act and should consult the Office of Internal Operations (Payroll) for assistance in determining their status in this regard.

 

Employees hired after 7/1/2005 are enrolled in Plan 3 of the Teachers Retirement System (TRS) UNLESS the new employee was a previous member of the Teachers Retirement System (TRS) who shall remain in TRS/Plan 1, OR was a previous member of the Teachers Defined Contribution (TDC) who shall remain in TDC Retirement System. 

 

NOTE: Employees hired 7/1/1991 through 6/30/2005 are enrolled in the Teachers Defined Contribution (TDC) Retirement System. 

 

Employee/Employer Retirement Contributions

 

Title

Employee Contribution

Employer Contribution

 

 

 

Teacher Retirement System (TRS) Plan 1

6%

15%

Teacher Retirement System (TRS) Plan 3

6%

7.5%

Teacher Defined Contributions (TDC)

4.5%

7.5%

 

Employees with questions regarding the Teacher Retirement System (TRS) Plans or the Teachers Defined Contribution (TDC) Retirement System may call the Retirement Board at 304-558-3570 or visit online at http://www.wvretirement.com/.