(b) Any member who has made withdrawals or cash outs will receive service credit based upon the amounts transferred. The board shall make the appropriate adjustment to the service credit the member will receive.
(c) Any member's Defined Contribution Retirement System
service credit will be reduced by twenty-five percent if the member
does not pay the one and one-half percent contribution required by
this article upon transfer to the State Teachers Retirement System.
Note: WV Code updated with legislation passed through the 2016 Regular Session
The West Virginia Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.