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