The treasurer of the city shall be the custodian of all of the assets of the fund, and shall deposit and pay out the moneys of the fund upon, and in accordance with, any proper order of the board of trustees. Such treasurer shall be liable upon his official bond as treasurer for the faithful performance of his duties in respect to such fund, and the official bond of the treasurer covering such fund shall be executed with a good and financially responsible surety company, authorized to do business in this state, as surety for such fund. Such fund shall not be used for any other purpose than provided in sections two through fourteen of this article.
Structure West Virginia Code
Chapter 8. Municipal Corporations
§8-22-1. Membership in Public Employees Retirement System
§8-22-5. Employees Eligible for Participation in Fund
§8-22-6. Contributions; Prior, Earned and Total Service Credits; Service Breaks
§8-22-8. Disability Pensions; Annuities
§8-22-9. Death Benefits; Return of Contributions
§8-22-10. Contributions by City
§8-22-11a. Restrictions on Investment
§8-22-12. Individual Accounts; Actuarial Data; Tables
§8-22-13. Reports by Board of Trustees
§8-22-14. Custodian of Fund; Duties; Bond
§8-22-15. Action by City Required Before New Provisions Are Applicable
§8-22-16a. Legislative Findings
§8-22-17. Powers and Duties of Boards of Trustees; Training
§8-22-18. Members of Board of Trustees; How Elected; Presiding Officers; Secretary
§8-22-18c. Notice of Legal Actions by or Against Municipal Policemen's and Firemen's Pension Funds
§8-22-19. Levy to Maintain Fund
§8-22-19a. Refunds of Member Contributions
§8-22-20a. Hiring of Actuary; Preparation of Actuarial Valuations
§8-22-21. Duties and Bond of Custodian of Funds
§8-22-22a. Restrictions on Investments; Diversification of Investments; Disclosure of Fees and Costs
§8-22-23. Rules and Regulations as to Distribution of Funds; Proof of Age
§8-22-25a. Deferred Retirement Option Plans; Authorization; Requirements; Limitations
§8-22-27. General Provisions Concerning Disability Pensions, Retirement Pensions and Death Benefits
§8-22-27a. Correction of Errors; Underpayments; Overpayments