(a) A member of the Defined Contribution System who terminates employment with a participating employer and does not remove any funds from his or her vested employee and employer account, or who removes the funds and repays them within five years after termination, and becomes reemployed with a participating employer within five years does not forfeit any amounts placed into the suspension account pursuant to section eleven of this article and they shall be returned to his or her employer account.
(b) All years of employment service shall be counted for vesting purposes under section eleven of this article.
Structure West Virginia Code
Article 7B. Teachers' Defined Contribution Retirement System
§18-7B-3. Defined Contribution Retirement System Created and Established; Body Corporate
§18-7B-4. Article to Be Liberally Construed; Purpose; Federal Qualification Requirements
§18-7B-5. Administration of the Teachers' Defined Contribution Retirement System
§18-7B-7a. Plan Closed to Persons Employed for the First Time After June, 2005; Former Employees
§18-7B-8a. Qualified Military Service
§18-7B-9. Members' Contributions; Annuity Account Established
§18-7B-10. Employer Contributions
§18-7B-11. Termination of Membership
§18-7B-11a. Rollovers and Transfers to Repay Cashed-Out or Withdrawn Contributions
§18-7B-12a. Federal Minimum Required Distributions
§18-7B-13. Amount of Annuity Payments; Federal Law Maximum Benefit
§18-7B-14. Supplemental Annuity Contracts
§18-7B-16. Years of Employment Service
§18-7B-17. Deposits to the Members' Annuity Accounts
§18-7B-19. Benefits Not Forfeited if System Terminates
§18-7B-20. Prohibition of Involuntary Cash-Outs
§18-7B-21. Correction of Errors; Underpayments; Overpayments