Any provision in this article to the contrary notwithstanding, if at the end of any fiscal year the total of the annuities paid from the retirement fund during the said fiscal year is more than 10 percent of the sum of the balances in the fund at the end of the said fiscal year, the said annuities payable in the next ensuing fiscal year shall be reduced, pro rata, so that the sum of the annuities so reduced shall not exceed 10 percent of the sum of the said balances in the fund. The said pro rata reduction shall be applied to all annuities payable in the said ensuing fiscal year.
Structure West Virginia Code
Article 18. West Virginia Division of Natural Resources Police Officer Retirement System
§20-18-7. Creation of Fund; Investments
§20-18-8. Members Contributions; Employer Contributions
§20-18-9. Correction of Errors; Underpayments; Overpayments
§20-18-10. Transfer From Public Employees Retirement System
§20-18-11. Notice Requirements
§20-18-12. Retirement; Commencement of Benefits
§20-18-13. Federal Law Maximum Benefit Limitations
§20-18-14. Federal Law Minimum Required Distributions
§20-18-16. Rollovers and Transfers to Purchase Service Credit or Repay Withdrawn Contributions
§20-18-17. Conversion of Annual and Sick Leave Authorized for Health or Retirement Benefits
§20-18-18. Retirement Benefits
§20-18-21. Awards and Benefits for Disability Duty Related
§20-18-22. Awards and Benefits for Disability Due to Other Causes
§20-18-23. Awards and Benefits for Disability Physical Examinations; Termination of Disability
§20-18-25. Awards and Benefits to Surviving Spouse When Member Dies in Performance of Duty, etc.
§20-18-26. Awards and Benefits to Surviving Spouse When Member Dies From Nonservice-Connected Causes
§20-18-27. Additional Death Benefits and Scholarships - Dependent Children
§20-18-29. Double Death Benefits Prohibited
§20-18-30. Return to Covered Employment by Retired Member
§20-18-32. Fraud; Penalties; and Repayment
§20-18-34. Pro Rata Reduction of Annuities