CPRB 162csr3
H. B. 2709
(By Delegates Mahan, Palumbo,
Cann, Pino, Armstead and Overington)
[Introduced February 28, 2005; referred to the
Committee on Finance then the Judiciary.]
A BILL to amend §64-2 of the code of West Virginia, one thousand
nine hundred thirty-one, as amended, by adding thereto a new
section, designated §1, relating to authorizing the
Consolidated Public Retirement Board to promulgate a
legislative rule relating to the teachers' defined
contribution system.
Be it enacted by the Legislature of West Virginia:
That §64-2 of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, be amended by adding thereto a new
section, designated §1, 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-fourth day of August, two thousand four, under the authority of section one, article ten-d, chapter five, of this code, modified
by the Consolidated Public Retirement Board to meet the objections
of the legislative rule-making review committee and refiled in the
state register on the seventeenth day of November, two thousand
four, relating to the Consolidated Public Retirement Board
(teachers' defined contribution system, 162 CSR 3), is authorized.
NOTE: The purpose of this bill is to authorize the
Consolidated Public Retirement Board to promulgate a legislative
rule relating to the Teachers' Defined Contribution System.
This section is new; therefore, strike-throughs and
underscoring have been omitted.