162 CSR 7

H. B. 4141

(By Delegate(s) Brown, Poling, D., Fleischauer and Talbott)

[Introduced January 19, 2012; referred to the Committee on Pensions and Retirement then the Judiciary.]

A BILL to amend and reenact article 2, chapter 64 of the Code of West Virginia, 1931, as amended, relating to authorizing the Consolidated Public Retirement Board to promulgate a legislative rule relating to refund, reinstatement, retroactive service, loan and employer error interest factors.

Be it enacted by the Legislature of West Virginia:

    That article 2, chapter 64 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:

ARTICLE 2. AUTHORIZATION FOR DEPARTMENT OF ADMINISTRATION TO PROMULGATE LEGISLATIVE RULES.

§64-2-1. Consolidated Public Retirement Board.

    The legislative rule filed in the State Register on the twenty-seventh day of July, two thousand eleven, authorized under the authority of section one, article ten-d, chapter five, of this code, relating to the Consolidated Public Retirement Board (refund, reinstatement, retroactive service, loan and employer error interest factors, 162 CSR 7), is authorized.

    NOTE: The purpose of this bill is to authorize the Consolidated Public Retirement Board to promulgate a legislative rule relating to Refund, Reinstatement, Retroactive Service, Loan and Employer Error Interest Factors.

    This section is new; therefore, strike-throughs and underscoring have been omitted.