§7-14D-28. Pro rata reduction of annuities.
Any provision in this article to the contrary notwithstanding,
if at the end of any fiscal year the total of the annuities paid
from the retirement fund during the said fiscal year is more than
ten percent of the sum of the balances in the fund at the end of
the said fiscal year, the said annuities payable in the next
ensuing fiscal year shall be reduced, pro rata, so that the sum of
the annuities so reduced shall not exceed ten percent of the sum of
the said balances in the fund. The said pro rata reduction shall
be applied to all annuities payable in the said ensuing fiscal
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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