In 1982, the West Virginia Code (5-10B-1 et seq) authorized the creation and operation of voluntary government employees deferred compensation plans.

In 1992, the West Virginia Consolidated Public Retirement Board (CPRB) offered state employees a Deferred Compensation Plan to supplement their pensions under the Public Employees Retirement System.

On July 1, 2006, passage of Senate Bill 538 transferred the administrative responsibilities of the Plan from the Consolidated Public Retirement Board to the State Treasurer’s Office.  Additionally, this legislation opened up the Plan to all public employees including cities, counties and other political subdivisions.

In October 2006, the Treasurer’s Office retained the services of nationally recognized 457 consultant Segal Advisors to conduct a detailed analysis of all aspects of the Plan and recommend improvements.

In March 2007, the Treasurer’s Office passes legislation for automatic enrollment and a contribution matching program for state employees.

In July 2007, the Treasurer’s Office changes the Plan’s name to West Virginia Retirement Plus. Additionally, the Treasurer’s Office works with a national consulting firm Segal Advisors and ING to implement a number of improvements to the Plan. These improvements included: an improved investment menu with a higher return history, participant fee reductions of over 30% and more local ING reps to improve customer service.