# W. Va. Code § 8-22A-7: Creation of fund; investments; actuarial valuations

> West Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S7

## Section

- **Citation:** W. Va. Code § 8-22A-7
- **Heading:** Creation of fund; investments; actuarial valuations
- **Jurisdiction:** West Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WV Code / Chapter 8 / Article 22A / Section 7

## Text

(a) There is hereby created the West Virginia Municipal Police Officers and Firefighters Retirement Fund for the benefit of the members of the retirement system created pursuant to this article and the dependents of any deceased or retired member of the system.

(b) All moneys paid into and accumulated in the fund, except amounts designated by the board for payment of benefits as provided in this article, shall be held in trust and invested in the Consolidated Pensions Fund administered by the West Virginia Investment Management Board as provided by law.

(c) The board shall employ a competent actuary or actuarial firm to prepare an actuarial valuation of the assets and liabilities of the fund. The actuarial valuation period shall coincide with the fiscal year of the state.

## Nearby sections

- [W. Va. Code § 8-22A-1 §8-22A-1. Title.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S1.md)
- [W. Va. Code § 8-22A-2 §8-22A-2. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S2.md)
- [W. Va. Code § 8-22A-3 §8-22A-3. Meaning of terms.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S3.md)
- [W. Va. Code § 8-22A-4 §8-22A-4. Creation and administration of West Virginia Municipal Police Officers and Firefighters Retirement System; specification of actuarial assumptions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S4.md)
- [W. Va. Code § 8-22A-5 §8-22A-5. Article to be liberally construed; board to administer plan; federal qualification requirements.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S5.md)
- [W. Va. Code § 8-22A-6 §8-22A-6. Members.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S6.md)
- [W. Va. Code § 8-22A-7 §8-22A-7. Creation of fund; investments; actuarial valuations.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S7.md)
- [W. Va. Code § 8-22A-8 §8-22A-8. Members' contributions; employer contributions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S8.md)
- [W. Va. Code § 8-22A-8A §8-22A-8a. Correction of errors; underpayments; overpayments.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S8A.md)
- [W. Va. Code § 8-22A-9 §8-22A-9. Retirement; commencement of benefits; insurance requirements during early period.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S9.md)
- [W. Va. Code § 8-22A-10 §8-22A-10. Federal law maximum benefit limitations.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S10.md)
- [W. Va. Code § 8-22A-11 §8-22A-11. Federal law minimum required distributions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S11.md)
- [W. Va. Code § 8-22A-12 §8-22A-12. Direct rollovers.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S12.md)
- [W. Va. Code § 8-22A-13 §8-22A-13. Rollovers and transfers to repay withdrawn contributions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WV_C8_A22A_S7. Check the current official text before relying on it. Not legal advice.