SB461 HFA FOLK 3-7 #1

    Delegate Folk moves to amend the amendment on page 3 on line 3 immediately following the word “fund” by inserting the following:”

    “: And, provided further, that these deposits shall not be made in any fiscal year in which any of the following retirement systems:

    (1)the West Virginia Public Employees Retirement System as delineated in article ten of chapter five;

    (2)the Deputy Sheriff Retirement System as delineated in article fourteen-d of chapter seven of this code;

    (3)the West Virginia State Police Death, Disability and Retirement Fund as delineated in article two, chapter fifteen of this code;

    (4) the West Virginia State Police Retirement System as delineated in article two-a, chapter fifteen of this code;

    (5) the State Teachers Retirement System as delineated in article seven-a, chapter eighteen of this code;

    (6)the West Virginia higher education retirement plan and supplemental retirement plan as delineated in article seven-a and article twenty-three of chapter eighteen of this code;

    (7) the West Virginia Emergency Medical Services Retirement System as delineated in article five-v, chapter sixteen of this code;

    (8) the Teachers' Defined Contribution Retirement System as delineated in article seven-b, chapter eighteen of this code;

    (9) the Judges' Retirement System as delineated in article nine, chapter fifty-one of this code;

    is not funded to eighty percent or more of the actuarial accrued liabilities ”.   

Adopted

Rejected