Article

West Virginia Public Employees Retirement Act

W. Va. Code § 5-10-1— Short title
W. Va. Code § 5-10-2— Definitions
W. Va. Code § 5-10-3— Retirement system created and established; body corporate
W. Va. Code § 5-10-3a— Article to be liberally construed; supplements federal social security; federal qualification requirements
W. Va. Code § 5-10-4— Effective date of system
W. Va. Code § 5-10-5— Board of trustees created; powers and duties generally; composition
W. Va. Code § 5-10-6— Trustees' terms of office
W. Va. Code § 5-10-7— Vacancies on board
W. Va. Code § 5-10-8— Trustees' compensation and expenses
W. Va. Code § 5-10-9— Chairman and vice chairman; executive secretary; employees; treasurer; legal advisor; actuary
W. Va. Code § 5-10-10— Board meetings; quorum; vote; proceedings
W. Va. Code § 5-10-11— Reports required of board
W. Va. Code § 5-10-12— Officer and employee bonds
W. Va. Code § 5-10-13— Actuarial investigations and valuations; specification of actuarial assumptions
W. Va. Code § 5-10-14— Service credit; retroactive provisions
W. Va. Code § 5-10-15— Military service credit; qualified military service
W. Va. Code § 5-10-15a— Retirement credited service through member's use, as option, of accrued annual or sick leave days
W. Va. Code § 5-10-15b— Credit for public employment in another state
W. Va. Code § 5-10-15c— Military service credit for members of the West Virginia National Guard
W. Va. Code § 5-10-16— When and how political subdivision becomes participating public employer
W. Va. Code § 5-10-17— Retirement system membership
W. Va. Code § 5-10-18— Termination of membership; reentry
W. Va. Code § 5-10-19— Employers to file information as to employees’ service and reemployment of retirants
W. Va. Code § 5-10-20— Voluntary retirement
W. Va. Code § 5-10-21— Deferred retirement and early retirement
W. Va. Code § 5-10-21a— Deferred retirement and early retirement for new members as of July 1, 2015
W. Va. Code § 5-10-22— Retirement annuity
W. Va. Code § 5-10-22a— Supplemental benefits for certain annuitants
W. Va. Code § 5-10-22b— Supplemental benefits for certain annuitants
W. Va. Code § 5-10-22c— Temporary early retirement incentives program; legislative declaration and finding of compelling state interest and public purpose; specifying eligible and ineligible members for incentives program; options, conditions, and exceptions; certain positions abolished; special rule of eighty; effective, termination, and notice dates
W. Va. Code § 5-10-22d— Supplemental benefits for certain annuitants
W. Va. Code § 5-10-22e— Supplemental benefits for retirees effective July 1, 1994; calculation of benefits and conditions of payment
W. Va. Code § 5-10-22f— Minimum benefit for certain retirants; legislative declaration; state interest and public purpose
W. Va. Code § 5-10-22g— One-time supplement for certain annuitants effective July 1, 2001
W. Va. Code § 5-10-22h— Limitations on benefit increases
W. Va. Code § 5-10-22i— One-time supplement for certain annuitants effective July 1, 2006
W. Va. Code § 5-10-22j— One-time bonus payment for certain annuitants effective July 1, 2008
W. Va. Code § 5-10-22k— One-time bonus payment for certain annuitants effective July 1, 2011
W. Va. Code § 5-10-22l— Minimum benefit for certain retirants
W. Va. Code § 5-10-22m— One-time bonus payment for certain annuitants
W. Va. Code § 5-10-22n— Minimum benefit for certain annuitants
W. Va. Code § 5-10-23— Terminal payment following retirement
W. Va. Code § 5-10-24— Annuity options
W. Va. Code § 5-10-25— Disability retirement
W. Va. Code § 5-10-26— Reexamination of disability retirants; reemployment; adjustment of annuity for earnings
W. Va. Code § 5-10-27— Preretirement death annuities
W. Va. Code § 5-10-27a— Federal law maximum benefit limitations
W. Va. Code § 5-10-27b— Federal law minimum required distributions
W. Va. Code § 5-10-27c— Direct rollovers
W. Va. Code § 5-10-27d— Rollovers and transfers to purchase service credit or
W. Va. Code § 5-10-28— Unified accounting; funds
W. Va. Code § 5-10-29— Members' deposit fund; members' contributions; forfeitures
W. Va. Code § 5-10-30— Refund of accumulated contributions
W. Va. Code § 5-10-31— Employers Accumulation Fund; employers contributions
W. Va. Code § 5-10-31a— Retroactive contributions to the retirement system for retroactive service credit granted; one year period for application
W. Va. Code § 5-10-32— Appropriations for state contributions to retirement system; contributions for members paid from special funds or by other employers
W. Va. Code § 5-10-33— Contributions by other participating public employers; withholding state money to satisfy delinquencies
W. Va. Code § 5-10-34— Transfers to retirement reserve fund
W. Va. Code § 5-10-35— Retirement reserve fund created; transfers from fund on reemployment
W. Va. Code § 5-10-36— Income fund
W. Va. Code § 5-10-37
W. Va. Code § 5-10-38— Investment of moneys; bonds of state departments and institutions to be offered first to board of public works
W. Va. Code § 5-10-39— No trustee, etc., shall gain from investments of system
W. Va. Code § 5-10-40— Restricted use of retirement system moneys
W. Va. Code § 5-10-41— Allowance of regular interest on balances in funds
W. Va. Code § 5-10-42— Fiscal or plan year of retirement system
W. Va. Code § 5-10-43— Pro rata reduction of annuities
W. Va. Code § 5-10-44— Correction of errors; underpayments; overpayments
W. Va. Code § 5-10-45— Fraud; penalty
W. Va. Code § 5-10-46— Right to benefits not subject to execution, etc.; assignments prohibited; deductions for group insurance; setoffs for fraud; exception for certain domestic relations orders
W. Va. Code § 5-10-47— Benefits exempt from taxes
W. Va. Code § 5-10-48— Reemployment after retirement; options for holder of elected public office
W. Va. Code § 5-10-49— Removal from office
W. Va. Code § 5-10-50— Severability
W. Va. Code § 5-10-51— Withdrawal
W. Va. Code § 5-10-52— Specific provisions relating to certain members of the Legislature and certain service by members of the Legislature
W. Va. Code § 5-10-52a— Specific provisions relating to certain staff members participating in the Public Employees Retirement System employed by Hopemont Hospital, Jackie Withrow Hospital, John Manchin Sr. Health Care Center, and Lakin State Hospital
W. Va. Code § 5-10-53— Joint study of state retirement systems; report to Joint Committee on Government and Finance by specified date of study conclusions
W. Va. Code § 5-10-54— Termination of benefits; procedure
W. Va. Code § 5-10-55— Benefits not to be forfeited if system terminates