The passage of Senate Bill 325 during the 2008 Legislative Session clarified the contribution matching provisions of the West Virginia Retirement Plus Deferred Compensation Plan. This legislation made state government employees eligible for a limited contribution matching program.

Contact one of our ING representatives for more information. Select this link to view WV Code pertaining to the West Virginia Retirement Plus Deferred Compensation Plan.

Summary of Contribution Matching Program (State Employees Only)

• Limited time program – ends June 30, 2012 (began July 1, 2007)
• To qualify to receive the matching, an eligible employee must contribute at least $10 every pay period he or she has during a fiscal year
• To receive any match for contributions made during a fiscal year, an employee must be on the payroll as of June 30 of that fiscal year
• New participants will get a maximum match of 25%, not to exceed $100 per year for 1 year, and depending on funds available from the $3 million appropriation the Treasurer’s Office received from the Legislature to fund the matching program
• Matching will be paid once a year, by September 30th for the prior fiscal year
• Select this link for the complete contribution matching program guidelines
• Note:  To receive the maximum match amount, full time employees must contribute at least $17 each pay for 24 pay periods.