WVC 15 - 2 - 47
§15-2-47. Federal qualification requirements.
This retirement system is intended to meet the requirements of
Section 401(a) of the Internal Revenue Code as applicable to
governmental plans. Notwithstanding any other provision of state
law, the board shall administer the retirement system to fulfill
this intent for the exclusive benefit of the members and their
beneficiaries. Any provision of this article referencing or
relating to these federal qualification requirements shall be
effective as of the date required by federal law. The board may
promulgate rules and amend or repeal conflicting rules in
accordance with the authority granted to the board pursuant to
section one, article ten-d of chapter five to assure compliance
with this section.