§5-16-4. Public Employees Insurance Agency Finance Board continued; qualifications, terms and removal of members; quorum; compensation and expenses; termination date


Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
WEST VIRGINIA CODE











‹ Back



 |   Print







WVC 5 - 16 - 4

§5-16-4. Public Employees Insurance Agency Finance Board

continued; qualifications, terms and removal of

members; quorum; compensation and expenses;

termination date.

     (a) The Public Employees Insurance Agency Finance Board is

continued and consists of the Secretary of the Department of

Administration or his or her designee and ten members appointed by

the Governor, with the advice and consent of the Senate, for terms

of four years and each may serve until his or her successor is

appointed and qualified. Members may be reappointed for successive

terms. No more than six members, including the Secretary of the

Department of Administration, may be of the same political party.

     (b) (1) Of the ten members appointed by the Governor with

advice and consent of the Senate, one member shall represent the

interests of education employees, one shall represent the interests

of public employees, one shall represent the interests of retired

employees, one shall represent the interests of organized labor,

one shall represent the interests of a participating political

subdivision and five shall be selected from the public at large.

The Governor shall appoint the member representing the interests of

education employees from a list of three names submitted by the

largest organization of education employees in this state. The

Governor shall appoint the member representing the interests of

organized labor from a list of three names submitted by the state's

largest organization representing labor affiliates. The five

members appointed from the public shall each have experience in the financing, development or management of employee benefit programs.

     (2) All appointments shall be selected to represent the

different geographical areas within the state and all members shall

be residents of West Virginia. No member may be removed from

office by the Governor except for official misconduct,

incompetence, neglect of duty, neglect of fiduciary duty or other

specific responsibility imposed by this article or gross

immorality.

     (c) The Secretary of the Department of Administration shall

serve as chair of the finance board, which shall meet at times and

places specified by the call of the chair or upon the written

request to the chair of at least two members. The Director of the

Public Employees Insurance Agency shall serve as staff to the

board. Notice of each meeting shall be given in writing to each

member by the director at least three days in advance of the

meeting. Six members constitute a quorum. The board shall pay

each member the same compensation and expense reimbursement that is

paid to members of the Legislature for their interim duties for

each day or portion of a day engaged in the discharge of official

duties.

     (d) Upon termination of the board and notwithstanding any

provisions in this article to the contrary, the director is

authorized to assess monthly employee premium contributions and to

change the types and levels of costs to employees only in

accordance with this subsection. Any assessments or changes in

costs imposed pursuant to this subsection shall be implemented by

legislative rule proposed by the director for promulgation pursuant to the provisions of article three, chapter twenty-nine-a of this

code. Any employee assessments or costs previously authorized by

the finance board shall then remain in effect until amended by rule

of the director promulgated pursuant to this subsection.





Note: WV Code updated with legislation passed through the 2015 Regular Session

The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.