Bill Text: WV SB110 | 2011 | Regular Session | Introduced

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Bill Title: Authorizing Consolidated Public Retirement Board promulgate legislative rule relating to Teachers' Defined Contribution Retirement System

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced - Dead) 2011-02-01 - To Judiciary [SB110 Detail]

Download: West_Virginia-2011-SB110-Introduced.html

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162 CSR 3

Senate Bill No. 110
(By Senators Minard, Snyder, Prezioso,
Unger, Boley and K. Facemyer)
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[Introduced January 18, 2011; referred to the
Committee on Pensions;
and then to the Committee on the Judiciary.]
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A BILL to amend and reenact article 2, chapter 64 of the Code of West Virginia, 1931, as amended, relating to authorizing the Consolidated Public Retirement Board to promulgate a legislative rule relating to the Teachers' Defined Contribution Retirement System.

Be it enacted by the Legislature of West Virginia:
That article 2, chapter 64 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:

ARTICLE 2. AUTHORIZATION FOR DEPARTMENT OF ADMINISTRATION TO PROMULGATE LEGISLATIVE RULES.

§64-2-1. Consolidated Public Retirement Board.
The legislative rule filed in the state register on the twenty-second day of July, two thousand ten, authorized under the authority of section one, article ten-d, chapter five, of this code, relating to the Consolidated Public Retirement Board (Teachers' Defined Contribution System, 162 CSR 3), is authorized.

NOTE: The purpose of this bill is to authorize the Consolidated Public Retirement Board to promulgate a legislative rule relating to the Teachers' Defined Contribution System.

This section is new; therefore, strike-throughs and underscoring have been omitted.