ENROLLED

Senate Bill No. 104

(By Senators Foster, Hall, Oliverio, Edgell, McCabe, Deem, Plymale, Minard and McKenzie)

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[Passed March 4, 2007; in effect ninety days from passage.]

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AN ACT to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §5-10D-9, relating to when the Consolidated Public Retirement Board shall pay annuities.

Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §5-10D-9, to read as follows:
ARTICLE 10D.
CONSOLIDATED PUBLIC RETIREMENT BOARD.

§5-10D-9. When annuities to be paid.
For all of the public retirement plans administered by the board, the board shall make monthly annuity payments on the twenty-fifth day of each month, except the month of December, when the board shall make the payments on the eighteenth day of December. If the date of payment falls on a holiday, Saturday or Sunday, then the payment shall be made on the preceding workday. All annuities shall be paid in twelve monthly payments.