W. Va. Code R. § 162-10-16

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 162-10-16 - Final Average Salary

16.1. In computing a member's final average salary, the Board shall consider the following:

16.1.1. The member's last ten (10) years of service is the ten (10) plan years of covered employment immediately preceding the member's effective date of retirement; and

16.1.2. The five (5) consecutive plan years for which the member's compensation was the highest, is the highest aggregate of his or her annual compensation for the five (5) consecutive plan years of service contained within the member's last ten (10) plan years as determined in subdivision 16.1.1. of this rule; and

16.1.3. The member's final average salary shall be one-fifth (1 /5) of the aggregate salary determined in subdivision 16.1.2. of this rule; and

16.1.4. The member's monthly salaries shall be annualized for any plan year during his or her final average salary period that contains a break in employment. Provided, that for any Sheriff member who received any payments for bonuses or commissions, those amounts shall not be annualized.

W. Va. Code R. § 162-10-16