West Virginia Code
Article 22. Retirement Benefits Generally; Policemen's Pension and Relief Fund; Firemen's Pension and Relief Fund; Pension Plans for Employees of Waterworks System, Sewerage System or Combined Waterworks and Sewerage System
§8-22-3. Definitions

II AND III CITIES.
§8-22-3. Definitions.
For the purpose of sections two through fifteen of this article:
(a) "Prior service credit" shall mean the number of years that the member has been in the service of the city prior to the effective date of the employees retirement and benefit fund;
(b) "Earned service credit" shall mean the number of years that the member has contributed to the employees retirement and benefit fund;
(c) "Total service credit" shall mean the total of all prior service credit and all earned service credit;
(d) "Fund" shall mean the employees retirement and benefit fund;
(e) "Board" shall mean the board of trustees of the fund;
(f) "Member" shall mean an eligible employee of the city, who is a member of the fund;
(g) "Total disability in line of duty" shall mean total and permanent disablement from performing any work for pay, whether for the city by which employed at date of disability or other employer, which shall be caused by accidental injury sustained in the course of the operations usual to his employment and while in line of duty, and shall include all operations necessary, incident or appurtenant thereto, or connected therewith, whether such operations are conducted at the usual place of employment or elsewhere in connection with or in relation to his usual and customary employment;
(h) "Total disability not in line of duty" shall mean total and permanent disablement from performing any work for pay, whether for the city by which employed at date of disability or other employer, from any cause other than that set forth in subdivision (g) of this section;
(i) The term "actuarial equivalent" shall mean any annuity of equal value to the accumulated contributions, annuity or benefit when computed upon the basis of the actuarial tables in use by the fund;
(j) "Monthly salary" shall mean the amount earned each month by a member as an employee of the city: Provided, That to and including June 30, 1967, the maximum amount of salary to be considered hereunder for purposes of contributions and in the computation of benefits shall be $400 per month; and
(k) "Average salary" shall mean the highest annual average salary earned by a member during a period of five consecutive years within the total service of the member, subject to a maximum amount of $400 per month to and including June 30, 1967, and no such maximum amount after such date, but effective January 1, 1987, a city may provide that average salary be based on a three consecutive year period.

Structure West Virginia Code

West Virginia Code

Chapter 8. Municipal Corporations

Article 22. Retirement Benefits Generally; Policemen's Pension and Relief Fund; Firemen's Pension and Relief Fund; Pension Plans for Employees of Waterworks System, Sewerage System or Combined Waterworks and Sewerage System

§8-22-1. Membership in Public Employees Retirement System

§8-22-2. Class I, II and III Cities Empowered and Authorized to Establish and Maintain &Quot;employees Retirement and Benefit Fund" or to Maintain Such Fund Heretofore Established

§8-22-3. Definitions

§8-22-4. Board of Trustees

§8-22-5. Employees Eligible for Participation in Fund

§8-22-6. Contributions; Prior, Earned and Total Service Credits; Service Breaks

§8-22-7. Retirement Pensions

§8-22-8. Disability Pensions; Annuities

§8-22-9. Death Benefits; Return of Contributions

§8-22-10. Contributions by City

§8-22-11. Investment of Funds

§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

§8-22-16. Pension and Relief Funds for Policemen and Firemen; Creation of Boards of Trustees; Definitions; Continuance of Funds; Average Adjusted Salary

§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

§8-22-18a. West Virginia Municipal Pensions Oversight Board Created; Powers and Duties; Management; Composition; Terms; Quorum; Expenses; Reports

§8-22-18b. Creation of Municipal Pensions Security Fund; Transfer of Certain Powers, Duties and Functions of Treasurer's Office to Municipal Pensions Oversight Board

§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

§8-22-20. Actuary; Actuarial Valuation Report; Minimum Standards for Annual Municipality Contributions to the Fund; Definitions; Actuarial Review and Audit

§8-22-20a. Hiring of Actuary; Preparation of Actuarial Valuations

§8-22-21. Duties and Bond of Custodian of Funds

§8-22-22. Investment of Funds by Boards of Trustees; Exercise of Discretion in Making Investments; Report of Investment Plan

§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

§8-22-23a. Eligibility for Total and Temporary Disability Pensions and Total and Permanent Disability Pensions; Reporting; Light Duty

§8-22-24. Disability Pensions

§8-22-25. Retirement Pensions

§8-22-25a. Deferred Retirement Option Plans; Authorization; Requirements; Limitations

§8-22-25b. Right to Benefits Not Subject to Execution, etc.; Assignments Prohibited; Deductions for Group Insurance; Setoffs for Fraud; Exception for Certain Domestic Relations Orders; Assets Exempt From Taxes

§8-22-26. Death Benefits

§8-22-26a. Supplemental Pension Benefits Entitlement; Benefit Payable; Application of Section; Construction

§8-22-27. General Provisions Concerning Disability Pensions, Retirement Pensions and Death Benefits

§8-22-27a. Correction of Errors; Underpayments; Overpayments

§8-22-27b. Fraud; Penalties; and Repayment

§8-22-28. Period in Which Payments Limited to Income From Fund; Reduced Payments Where Fund Insufficient

§8-22-28a. Distribution of Remaining Assets in a Closed Municipal Policemen S or Firemen S Pension and Relief Fund

§8-22-29. Pension Plans for Employees of Waterworks System, Sewerage System or Combined Waterworks and Sewerage System May Be Continued