Bill Text: WV SB166 | 2016 | Regular Session | Introduced

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Bill Title: CPRB rule relating to refund, reinstatement, retroactive service, loan and correction of error interest factors

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-28 - To Judiciary [SB166 Detail]

Download: West_Virginia-2016-SB166-Introduced.html

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WEST virginia legislature

2016 regular session

Introduced

Senate Bill 166

By Senator Maynard

[Introduced January 13, 2016;
Referred to the Committee on Pensions; and then to the Committee on the Judiciary.]

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 refund, reinstatement, retroactive service, loan and correction of error interest factors.

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 July 28, 2015, authorized under the authority of section one, article ten-d, chapter five, of this code, modified by the Consolidated Public Retirement Board to meet the objections of the Legislative Rule-making Review Committee and refiled in the State Register on September 22, 2015, relating to the Consolidated Public Retirement Board (refund, reinstatement, retroactive service, loan and correction of error interest factors, 162 CSR 7), is authorized..

 

NOTE: The purpose of this bill is to authorize the Consolidated Public Retirement Board to promulgate a legislative rule relating to Refund, Reinstatement, Retroactive Service, Loan and Correction of Error Interest Factors.

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