H. B. 4634
(By Delegate Smith)
[Introduced February 27, 1998; referred to the
Committee on Pensions and Retirement then Finance.]
A BILL to amend and reenact article ten-d, chapter five of the
code of West Virginia, one thousand nine hundred thirty-one,
as amended, by adding thereto a new section, designated
section six, relating to requiring spousal consent for
election of straight life annuity.
Be it enacted by the Legislature of West Virginia:
That article ten-d, chapter five of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended and reenacted by adding thereto a new section, designated
section six, to read as follows:
ARTICLE 10D. CONSOLIDATED PUBLIC RETIREMENT BOARD.
§5-10D-6. Spousal consent required for election of straight life
annuity.
Under any retirement program administered by the
consolidated public retirement board, no member may elect a
straight life annuity without the written consent of his or her
spouse.
NOTE: The purpose of this bill is to require spousal
consent for election of straight life annuity under any
retirement system administered by the Consolidated Public
Retirement Board.
Section six is new; therefore, strike-throughs and
underscoring have been omitted.
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