The moneys, investments and all other assets of the retirement system shall be used for the sole purpose of meeting the disbursements for annuities and other payments authorized by this article, and shall be used for no other purpose whatsoever.
W. Va. Code § 5-10-40
Restricted use of retirement system moneys
Applied in 1 court decision — leading case 181 W. Va. 779 - Dadisman v. Moore (1989)
Most recently applied in 181 W. Va. 779 - Dadisman v. Moore (March 1989)
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.