§20-18-3. Meaning of Terms
Any term used in this article has the same meaning as when used in a comparable context in the laws of the United States, unless a different meaning is clearly required. Any reference in this article to the Internal Revenue Code means the Internal Revenue Code of 1986, as it has been amended.
§20-18-4. Creation and Administration of West Virginia Natural Resources Police Officers Retirement System; Specification of Actuarial Assumptions
There is hereby created the West Virginia Natural Resources Police Officers Retirement System. The purpose of this system is to provide for the orderly retirement of Natural Resources Police Officers who become superannuated because of age or permanent disability and to provide certain survivor death benefits, and it is contemplated that substantially all of the […]
§20-18-5. Article to Be Liberally Construed; Supplements Federal Social Security; Federal Qualification Requirements
(a) The provisions of this article shall be liberally construed to provide a general retirement system for Natural Resources Police Officers eligible to retire under the provisions of this plan. Nothing in this article may be construed to permit the state to substitute this plan for federal social security now in force in West Virginia. […]
§20-18-6. Members
(a) Any Natural Resources Police Officer first employed in covered employment after the effective date of this article shall be a member of this retirement system and does not qualify for membership in any other retirement system administered by the board, so long as he or she remains employed in covered employment: Provided, That any […]
§20-18-7. Creation of Fund; Investments
(a) There is hereby created the “West Virginia Natural Resources Police Officer Retirement Fund” for the benefit of the members of the retirement system created pursuant to this article and the dependents of any deceased or retired member of the system. (b) All moneys paid into and accumulated in the fund, except such amounts as […]
§20-18-8. Members Contributions; Employer Contributions
(a) There shall be deducted from the monthly salary of each member and paid into the fund an amount equal to nine and one-half percent of his or her monthly salary. (b) An additional 12 percent of the monthly salary of each member shall be paid to the fund by the employer. (c) If the […]
§20-18-9. Correction of Errors; Underpayments; Overpayments
(a) General rule. Upon learning of errors, the board shall correct errors in the retirement plan in a timely manner whether the individual, division or board was at fault for the error with the intent of placing the affected individual, division and board in the position each would have been in had the error not […]