West Virginia Code
Article 10D. Consolidated Public Retirement Board
§5-10D-4. Employment of an Actuary; Duties; Compensation

(a) The board is hereby empowered and authorized to employ a state retirement actuary or actuarial firm with such qualifications as the board may prescribe or to utilize an actuary already in the employ of the state. The actuary or actuarial firm shall perform the following duties for the board:
(1) Analyze each item of state retirement legislation as to cost, actuarial soundness and adherence to sound pension policy;
(2) Prepare an actuarial note to be attached to each item of state retirement legislation prior to its formal introduction. Such actuarial note shall briefly summarize the proposed legislation and set forth its anticipated fiscal and actuarial impact on the affected state retirement system or systems; and
(3) Such other duties as the board or the board of trustees of the state public retirement system may assign.
(b) The state retirement actuary or actuarial firm, if one is employed by the board, shall be compensated in an amount to be fixed by the board. He or she shall receive, in addition, the necessary expenses incident to the performance of his or her duties. In the event that the board utilizes an actuary already employed by the state to perform duties for the board, the board shall reimburse the department or agency which actually employs the actuary for expenses, including the pro rata portion of salary that the actuary actually expends in the performance of duties for the board.

Structure West Virginia Code

West Virginia Code

Chapter 5. General Powers and Authority of the Governor, Secretary of State and Attorney General; Board of Public Works; Miscellaneous Agencies, Commissions, Offices, Programs, etc.

Article 10D. Consolidated Public Retirement Board

§5-10D-1. Consolidated Public Retirement Board Continued; Members; Vacancies; Investment of Plan Funds

§5-10D-2. Chairman and Vice Chairman; Executive Director; Employees; Legal Advisor; Actuary

§5-10D-3. Board Meetings; Quorum; Vote; Proceedings; Compensation

§5-10D-4. Employment of an Actuary; Duties; Compensation

§5-10D-6. Voluntary Deductions by the Consolidated Public Retirement Board From Monthly Benefits to Retirees to Pay Association Dues

§5-10D-6a. Voluntary Election by Eligible Retired Public Safety Officers to Have Amounts From Eligible Retirement Plan Distributed to Pay for Qualified Health Insurance Premiums

§5-10D-7. Compensation Limitations; Effective Dates

§5-10D-9. When Annuities to Be Paid

§5-10D-10. Death Benefits for Participants or Members Who Die While Performing Qualified Military Service; Treatment of Differential Wage Payments

§5-10D-11. Liability of Participating Public Employer for Delinquent Retirement Contributions; Liability of Participating Public Employer's Successor for Delinquent Retirement Contributions; Lien for Delinquent Contributions; Collection by Suit

§5-10D-12. Employer Reporting Requirements

§5-10D-13. Withholding State and County Money to Satisfy Delinquencies