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CHARLESTON – West Virginia Retirement Plus, the state’s 457 savings plan administered by State Treasurer John Perdue, is now open to any public employee in Boone County.

Treasurer Perdue is a proud Boone County native, hailing from Dog Fork Hollow just outside of Madison.

“It makes me feel good that if you work for any government-affiliated entity in Boone County then you are eligible to take part in what we think is a wonderful program,” Treasurer Perdue said. “Deferring your income lowers your taxes each year and sets aside an additional nest egg.”

A 457 plan also allows a worker to retire before age 59 and a half and avoid the 10 percent IRS penalty common to other plans. An enrollee does have to pay common income taxes upon withdrawal, however.  

Boone County entities participating include:

  • Boone County Commission
  • Boone County Board of Education
  • City of Madison
  • Town of Danville
  • Town of Sylvester
  • Town of Whitesville
  • Boone County Ambulance Authority
  • Boone County Health Department
  • Boone County Public Service District
  • Boone–Raleigh Public Service District
  • Boone–Madison Public Libraries

“As the state’s chief financial officer, one of my missions is to promote financial education and saving,” Treasurer Perdue said. “I think this does both. I couldn’t be happier.”

West Virginia Retirement Plus requires that one contribute at least $10 per pay period. There is no fee for keeping an account. 

The Treasury does not collect state taxes. Visit the The West Virginia State Tax Department for assistance.

West Virginia State Treasurer's Office
1900 Kanawha Boulevard
Capitol Complex Building #1, Room E-145
Charleston, West Virginia 25305
304-558-5000 Toll Free: 800-422-7498
Hours: 8am-5pm (ET)

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