WVC 18 - 7 D- 9
§18-7D-9. Qualified domestic relations orders.
Any transferring member having a qualified domestic relations
order against his or her defined contribution account is allowed to
repurchase service in the State Teachers Retirement System. The
member shall repay any moneys previously distributed to the
alternate payee along with the interest as set by the board. To
receive full credit for the previous distribution to the alternate
payee pursuant to a qualified domestic relations order being repaid
to the State Teachers Retirement System, the member shall also pay
the Actuarial Reserve, or the one and one-half percent
contribution, as the case may be, pursuant to section six of this
article. The member shall repay by the last day of June, two
thousand fourteen. The provisions of this section are void and of
no effect if there is no transfer from the Teachers' Defined
Contribution Retirement System to the State Teachers Retirement
System. An alternate payee is not, solely as a result of that
status, a member of either the Teachers' Defined Contribution
Retirement System or the State Teachers Retirement System for any
purpose under the provisions of this article and no interest held
by the alternate payee is transferred to the State Teachers
Retirement System pursuant thereto.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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