2005 West Virginia Code - §18-7A-24. — Disposition of accumulated contributions upon cessation of membership.

§18-7A-24. Disposition of accumulated contributions upon cessation of membership.

When a contributor with fewer than five years of service ceases to be a member because of absence from service as a teacher, his or her accumulated contributions with refund interest up to and including the fiscal year in which his or her membership ceased, shall be returned to him or her, or to his or her legal representative. Five years after cessation of membership, if such contributor or his or her legal representative cannot be found, his accumulated contributions with refund interest shall be forfeited to the retirement system and credited to the reserve fund.

Disclaimer: These codes may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.