Increasing WV Natural Resources Police Officer Retirement System accrued benefit for certain members

Added a new funding requirement where the Division of Natural Resources must contribute $850,000 annually to the retirement fund from July 1, 2025 through June 30, 2030.

Increased the accrued benefit percentage for officers retiring on or after January 1, 2028 from 2.25% to 2.75% of final average salary multiplied by years of credited service.

Added numerous new definitions including 'Dependent parent', 'Director', 'Disability service', 'Effective date', 'Employer error', 'Final average salary', 'Fund', 'Hour of service', 'Medical examination', 'Member', 'Monthly salary', 'Natural Resources Police Officer', 'Normal form', 'Normal retirement age', 'Partially disabled', 'Plan', 'Plan year', 'Public Employees Retirement System', 'Qualified public safety employee', 'Regular interest', 'Required beginning date', 'Retirant', 'Retire', 'Retirement income payments', 'Substantial gainful employment', 'Surviving spouse', 'Totally disabled', and 'Year of service'.

Added specific requirements for concurrent employment contributions and clarified employer contribution amounts to be annually reviewed and actuarially set by the board.