West Virginia Code of State Rules Agency 162 - Consolidated Public Retirement Board
Here's a comprehensive overview of West Virginia Code of State Rules, Agency 162 – Consolidated Public Retirement Board (CPRB):
📘 Title 162 – Legislative Rule: Consolidated Public Retirement Board
Agency 162 encompasses rules governing the administration of various public retirement systems in West Virginia, including:
Teachers' Defined Contribution Retirement System
Teachers' Retirement System
Public Employees Retirement System (PERS)
Judges' Retirement System
Department of Public Safety, Death, Disability, and Retirement Fund
Deputy Sheriff Retirement System
West Virginia State Police Retirement System(regulations.justia.com, apps.sos.wv.gov, apps.sos.wv.gov, law.cornell.edu)
These rules are codified under Title 162 and are designed to ensure the effective and equitable administration of these retirement systems.
📚 Key Series in Title 162
🔹 Series 162-01 – General Provisions
Establishes foundational definitions and administrative procedures applicable across all retirement systems under the CPRB's purview.
🔹 Series 162-02 – Benefit Determination and Appeal
Outlines the processes for determining retirement benefits and provides a framework for members to appeal decisions related to their benefits.
🔹 Series 162-03 – Teachers' Defined Contribution Retirement System
Specifies the rules governing the Teachers' Defined Contribution Retirement System, including contribution rates, vesting schedules, and retirement options.(law.cornell.edu)
🔹 Series 162-04 – Teachers' Retirement System
Details the provisions of the Teachers' Retirement System, focusing on benefit calculations, eligibility criteria, and service credit accrual.(regulations.justia.com)
🔹 Series 162-05 – Public Employees Retirement System (PERS)
Covers the administration of PERS, addressing topics such as member eligibility, contribution requirements, and retirement benefits.
🔹 Series 162-06 – Appointment of Representatives to the West Virginia Investment Management Board
Describes the procedure for appointing representatives from the CPRB to the West Virginia Investment Management Board, ensuring proper oversight of investment strategies.(regulations.justia.com)
🔹 Series 162-07 – Refund, Reinstatement, Retroactive Service, Loan, and Correction of Error Interest Factors
Provides guidelines on handling financial transactions related to refunds, service reinstatements, retroactive service credits, loans, and correction of errors within the retirement systems.(regulations.justia.com)
🔹 Series 162-08 – Service Credit for Accrued and Unused Sick and Annual Leave
Establishes the conditions under which members can convert accrued and unused sick and annual leave into service credit for retirement purposes.(regulations.justia.com)
🔹 Series 162-09 – West Virginia State Police Retirement System
Specifies the rules and benefits associated with the West Virginia State Police Retirement System, tailored to the unique needs of state police personnel.(apps.sos.wv.gov)
🔹 Series 162-10 – Deputy Sheriff Retirement System
Outlines the provisions of the Deputy Sheriff Retirement System, including eligibility, benefits, and contribution requirements for deputy sheriffs.(regulations.justia.com)
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