CPRB 162csr3
Senate Bill No. 308
(By Senators Minard, Fanning, Prezioso,
Unger, Boley and Minear)
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[Introduced February 25, 2005; referred to the
Committee on Pensions; then to the Committee on Finance;
and then to the Committee on the Judiciary.]
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A BILL to amend and reenact article 2, chapter 64 of the Code of
West Virginia, 1931, as amended, 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 article 2, chapter 64 of the Code of West Virginia, 1931,
as amended, be amended and reenacted to read as follows:
ARTICLE 2. AUTHORIZATION FOR DEPARTMENT OF ADMINISTRATION TO
PROMULGATE LEGISLATIVE RULES.
ยง64-2-1. 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.