Relating to contributions to the retirement system for judges of courts of record.

HB 3506 sets a new mandatory 7% employee contribution rate for judges of courts of record in West Virginia, effective July 1, 2025. This directly affects current and future judges who participate in the state's judges' retirement system, replacing previous rates that had fluctuated between 6% and 10.5% over time. The bill also establishes a key mechanism where employer contributions to the retirement fund may be suspended if the fund's funding level exceeds 125%, as determined by annual actuarial valuations. The changes aim to standardize contributions while providing a trigger for pausing employer payments during periods of strong fund solvency.