W. Va. Code R. § 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.
Notes
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