Statutes, codes, and regulations
West Virginia Administrative Code
Agency 162 - Consolidated Public Retirement BoardTitle 162 - LEGISLATIVE RULE CONSOLIDATED PUBLIC RETIREMENT BOARD
Series 162-05 - Public Employees Retirement System
Section 162-5-10 - Public Corporations

W. Va. Code R. § 162-5-10

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Current through Register Vol. XLI, No. 50, December 13, 2024
Section 162-5-10 - Public Corporations
10.1. In order to be accepted for membership by the Board as a participating public employer, any separate corporation or instrumentality established by one or more counties, cities or towns, or any corporation or instrumentality supported in most part by counties, cities or towns, which by a three-fifths (3/5) majority vote of its governing body elects to join the Retirement System, the public corporation or instrumentality shall pass a resolution whereby it would allow the entity from which it derives its funds to deduct from its appropriations any sums the Board finds are subsequently delinquent, and for the entity to pay the delinquent funds to the Board. In the event the entity fails to pay the delinquent funds, then the Consolidated Public Retirement Board may collect the delinquent funds, as provided in W. Va. Code § 5-10-33.

W. Va. Code R. § 162-5-10