Bill > SB348

This bill authorizes the Municipal Pensions Oversight Board, a state body responsible for overseeing local government pension plans, to create and implement a legislative rule concerning "exempt purchasing." Exempt purchasing refers to a specific process within pension systems that allows certain individuals to buy back or credit time towards their retirement benefits that might not otherwise be recognized, often under specific conditions or exemptions. The bill specifically validates a legislative rule that was filed in the State Register on October 9, 2024, and is authorized by a section of West Virginia code (§8-22-18a) that deals with municipal pensions. This rule, identified as 211 CSR 02, pertains to the Municipal Pensions Oversight Board and its authority regarding this exempt purchasing process.

Justice

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=348&year=2026&sessiontype=RS&btype=bill