W. Va. Code R. § 162-5-16

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 162-5-16 - Approval of Applications for Voluntary Retirement and Death Annuities by the Board

16.1. Commencement of annuity. The State Auditor and State Treasurer may pay continuing monthly annuities to retirants, beneficiaries of retirants and beneficiaries of deceased members, after the Board has:

16.1.a. Approved the date of birth of the member, retirant or beneficiary;

16.1.b. Approved the prior and contributing service the member is entitled to;

16.1.c. Approved the date of the death of a member in the event of his or her death;

16.1.d. Complied with the other provisions of this Rule; and

16.1.e. Submitted the proper transmittals to the State Auditor's and the State Treasurer's office.

16.2. Option chosen final. When the choice of an option has been made, that choice is final and cannot after that date be changed, except as provided in W. Va. Code § 5-10-24. A beneficiary cannot affect or change the option chosen by the member.

W. Va. Code R. § 162-5-16