SENATE CONCURRENT RESOLUTION NO. 47
(By Senators Plymale, Helmick, Jackson, Manchin,
Walker, Boley and Kimble)
__________
[Originating in the Committee on Pensions;
reported March 10, 1995.]

Directing the joint committee on government and finance to conduct a study of the actuarial soundness of the municipal police and firefighters pension funds.

Whereas, Municipal police and firefighters pension funds are not currently under the supervision and control of the consolidated public retirement board; and
Whereas, Actuarial funding problems faced by various state retirement systems may also affect municipal police and firefighters pension systems; and
Whereas, The actuarial soundness of municipal police and firefighters funds should be carefully reviewed; therefore, be it
Resolved by the Legislature of West Virginia:
That the joint committee on government and finance is hereby directed to authorize the committee on pensions to conduct a study of the actuarial soundness of municipal police and firefighters pension funds; and, be it
Further Resolved, That the joint committee on government and finance report to the regular session of the Legislature, 1996, on its findings, conclusions and recommendations, together with drafts of any legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the expenses necessary to conduct this study, to prepare a report and to draft necessary legislation be paid from legislative appropriations to the joint committee on government and finance.