SENATE
HOUSE
JOINT
BILL STATUS
STATE LAW
REPORTS
EDUCATIONAL
CONTACT
home
home
Introduced Version Senate Bill 434 History

   |  Email
Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 434

(By Senator Barnes)

____________

[Introduced February 2, 2010; referred to the Committee on Pensions; and then to the Committee on Finance.]
____________




A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §5-10-56, relating to municipalities participating in the Public Employees Retirement System; requiring the West Virginia Consolidated Public Retirement Board to annually report to each participating municipality the liabilities of current and former employees for which the municipality is responsible; and requiring the board to propose rules for legislative approval to permit a municipality to make payments on a delinquency.

Be it enacted by the Legislature of West Virginia:

That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §5-10-56, to read as follows:
ARTICLE 10. WEST VIRGINIA PUBLIC EMPLOYEES RETIREMENT ACT.
§5-10-56. Municipalities Participating in the Public Employees Retirement Plan.

(a) The board shall annually report to each participating municipality the liabilities of current and former employees for which the municipality is responsible.
(b) The board shall propose rules for legislative approval, in accordance with the provisions of article three, chapter twenty-nine-a of this code, to permit a municipality to make payments on a delinquency.



NOTE: The purpose of this bill is to require the West Virginia Consolidated Public Retirement Board to annually report to each participating municipality the liabilities of current and former employees for which the municipality is responsible, and to require the board to propose rules for legislative approval to permit a municipality to make payments on a delinquency.

This section is new; therefore, strike-throughs and underscoring have been omitted
This Web site is maintained by the West Virginia Legislature's Office of Reference & Information.  |  Terms of Use  |   Email WebmasterWebmaster   |   © 2024 West Virginia Legislature **


X

Print On Demand

Name:
Email:
Phone:

Print