§7-14D-3. Creation and administration of West Virginia Deputy
Sheriffs Retirement System; specification of
There is hereby created the West Virginia Deputy Sheriffs
Retirement System. The purpose of this system is to provide for
the orderly retirement of deputy sheriffs who become superannuated
because of age or permanent disability and to provide certain
survivor death benefits, and it is contemplated that substantially
all of the members of the retirement system shall be qualified
public safety employees as defined in section two of this article.
The retirement system constitutes a body corporate. All business
of the system shall be transacted in the name of the West Virginia
Deputy Sheriffs Retirement System. The board shall specify and
adopt all actuarial assumptions for the plan at its first meeting
of every calendar year or as soon thereafter as may be practicable,
which assumptions shall become part of the plan.