(a) There shall be deducted from the monthly salary of each member and paid into the fund an amount equal to nine and one-half percent of his or her monthly salary.
(b) An additional 12 percent of the monthly salary of each member shall be paid to the fund by the employer.
(c) If the board finds that the benefits provided by this article can be actuarially funded with a lesser contribution, then the board shall reduce the required member or employer contributions or both. The sums withheld each pay date shall be paid to the fund no later than 15 days following the end of the pay date.
(d) Any active member who has concurrent employment in an additional job or jobs and the additional employment requires the Natural Resources Police Officer to be a member of another retirement system which is administered by the Consolidated Public Retirement Board pursuant to 5-10D-1 et seq. of this code shall make an additional contribution to the fund of nine and one-half percent of his or her monthly salary earned from any additional employment which requires the Natural Resources Police Officer to be a member of another retirement system which is administered by the Consolidated Public Retirement Board pursuant to 5-10D-1 et seq. of this code. An additional employer contribution shall be paid to the fund by the concurrent employer for which the member is employed in an amount equal to 12 percent of his or her monthly salary. If the board finds that the benefits provided by this article can be funded with a lesser contribution, then the board shall reduce the required member, or employer contributions or both. The sums withheld each calendar month shall be paid to the fund no later than 15 days following the end of the calendar month.
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 Rollovers and Transfers to Purchase Service Credit or Repay Withdrawn Contributions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