H. B. 2463
(By Delegates Beach and Fragale)
[Introduced February 13, 1995; referred to the
Committee on Pensions and Retirement then Finance.]
A BILL to amend 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 five,
authorizing the deduction from the monthly benefits of
retirees for the payment of dues to retiree associations and
providing a procedure for authorizing and revoking authority
for such dues deductions.
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 by adding thereto a new section, designated section five,
to read as follows:
ARTICLE 10D. CONSOLIDATED PUBLIC RETIREMENT BOARD.
§5-10D-5. Voluntary deductions by the consolidated public
retirement board from monthly benefits to retirees to
pay association dues.
Any recipient of monthly retirement benefits from any public retirement plan in this state may authorize that a deduction from
his or her monthly benefits be made for the payment of membership
dues or fees to a retiree association. Such deductions shall be
authorized on a form provided by the consolidated public
retirement board and shall state: (a) The identity and social
security number of the retiree; (b) the amount and frequency of
the deduction; (c) the identity and address of the association to
which such dues or fees shall be paid; and (d) shall be signed by
the retiree. Upon execution of such authorization and its
receipt by the consolidated public retirement board, such
deduction shall be made in the manner specified on the form and
remitted to the designated association on the tenth day of each
month: Provided, That such deduction shall not be made more
frequently than monthly. Deduction authorizations may be revoked
at any time at least thirty days prior to the date on which the
deduction is regularly made and on a form to be provided by the
consolidated public retirement board.
NOTE: The purpose of this bill is to allow public retirees
to authorize monthly deduction from their benefits to pay
retiree association dues.
This section is new; therefore, strike-throughs and
underscoring have been omitted.