West Virginia Code 18-7D-8 – Results considered final
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Every member of the Teachers' Defined Contribution Retirement System is considered to have made an informed, educated, knowing and voluntary decision and choice with respect to the opportunities provided by this article to transfer membership and assets to the state Teachers Retirement System. Each member who failed or refused to affirmatively elect to transfer is also considered to have made an informed, educated, knowing and voluntary decision and choice with respect thereto and is bound by the results thereof, except as may be required by federal law.
Terms Used In West Virginia Code 18-7D-8
- Affirmatively elect to transfer: means the voluntary execution and delivery to the Consolidated Public Retirement Board, by a member of the Teachers'. See West Virginia Code 18-7D-2
- Defined Contribution Retirement System: means the Teachers'. See West Virginia Code 18-7D-2
- Member: means any person who has an account balance standing to his or her credit in the Teachers'. See West Virginia Code 18-7D-2
- State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10