WEST VIRGINIA CODE
WVC 5 - 16 D- 2
§5-16D-2. Creation of West Virginia Retiree Health Benefit Trust
The Legislature declares that certain dedicated revenues
should be preserved in trust for the purpose of funding other
There is hereby created the West Virginia Retiree Health
Benefit Trust Fund for the purpose of providing for and
administering retiree post-employment health care benefits, and the
respective revenues and costs of those benefits as a cost sharing
multiple employer plan.
The fund shall be available without fiscal year limitations
for covered health care expenses and administration costs. All
contributions, appropriations, earnings, and reserves for the
payment of obligations under this article shall be credited to the
fund and are irrevocable.
The amounts remaining in the fund, if any, after covered
health care expenses and administration costs have been paid shall
be retained in the fund as a special reserve for adverse
fluctuation. All assets of the fund shall be used solely for the
payment of fund obligations and for no other purpose.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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