WV Public Employees Insurance, 601 57th St SE, Ste 2, Charleston, WV 25304, US

The West Virginia Consolidated Public Retirement Board, located in Charleston, WV, is responsible for administering the Public Employees Retirement System (PERS) for employees of the state and other political subdivisions. With over 20,000 active members and 34,000 retirees, PERS provides retirement benefits funded by employee and employer contributions. Eligibility for retirement benefits is based on age, years of service, and the Rule of 80, and members have the option to choose from different annuity options upon retirement. The Board ensures that contributions are actuarially sound and reviews employee and employer contributions annually. Retirement benefits are paid in equal monthly installments based on the member's years of credited service and final average salary. The effective date of retirement is dependent on meeting eligibility requirements and submitting a retirement application to the Board. PERS offers different annuity options, including a straight life annuity and joint and survivor annuities, providing financial security for retirees and their beneficiaries.Generated from the website

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