It is the direct intent of this article to eventually eliminate the Waterworks Pension Fund. The prior and current members of such Fund shall continue to receive benefits within the provisions of this article. However, after January 1, 1983, qualifying Waterworks employees shall be eligible for participation in the West Virginia Public Employees Retirement System. The Board of Trustees of the Waterworks Pension Fund shall not accept any new members after January 1, 1983. If there remains a balance in the Waterworks Pension Fund after the last retiree or beneficiary death occurs, such balance shall be deposited into the Waterworks Operation Account for any use within the Waterworks Department.
(Ord. 0-355. Passed 12-11-84.)