West Virginia Code § 5-16D-2

Creation of West Virginia Retiree Health Benefit Trust Fund
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The Legislature declares that certain dedicated revenues should be preserved in trust for the
purpose of funding other post-employment benefits.
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, earniungs, 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 ian 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. l

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