Title 9 — Title 9 — Administration Of The Government

Members leaving service without withdrawing accumulated contributions eligible for retirement. Except for law enforcement officers, any member who has left service without withdrawing his accumulated contributions and who has a minimum of four (4) years of service is eligible to …

Determination of eligibility for retirement; board to determine equivalent of years of service; credit for military service. (a) The board shall determine the total years of service creditable to each member for the purpose of determining eligibility for retirement under this art…

Amount of service retirement benefit; firefighter members excluded. (a) The normal retirement benefit for a member who first becomes covered under this article after June 30, 1981 and before September 1, 2012 is equal to two and one-eighth percent (2 1/8%) of the highest average …

Retirement benefit adjustments. (a) The retirement benefit specified under W.S. 9-3-418(b)(ii) is subject to the following cumulative increases: (i) The benefit for covered service prior to July 1, 1975 is increased by twenty-five percent (25%) with a maximum increase of twenty-f…

[Repealed or reserved.]

Death benefits; monthly benefit option; refund of excess employee contributions plus interest; medical insurance premiums. (a) If a member dies before retirement under the system, except as provided in subsection (e) of this section, the member's account plus an additional amount…

Disability retirement; board determination; reports and examinations; amount; options as to form of benefit. (a) Except as specified for law enforcement officers under W.S. 9-3-432, any member in service who has ten (10) or more years of service credit during which contributions …

(g) The firefighter member retirement benefit program established under this section shall be discontinued by the board, and retirement benefits prescribed under this section shall be discontinued, if at any time contributions for all firefighter members required under subsection…

Refund of contributions upon termination of employment; procedure; redeposit; limitation on refund. (a) Except as provided in subsection (b) of this section, any member covered by this article, including an at-will contract employee under W.S. 9-2-3207(a)(xi)(F)(III) or (IV), who…

Right of members retired under terminated systems to retirement benefits from account; no prohibition to increase provided in W.S. 9-3-419. Any member retired under one (1) of the terminated systems or continued in retirement under the system is entitled to receive service or dis…

Benefits, allowances and contents of account exempt from taxation and not subject to execution or attachment; assignment limited; qualified domestic relations order; system assets. (a) The benefits and allowances and the cash and securities in the account created by this article:…

Other retirement plans prohibited. The establishment of any annuity plan, limited service plan, pension or retirement system other than that provided by this article by any department, board, bureau or agency of the state or by any political subdivision of the state is prohibited…

Construction of article; limitation of liability of state; termination of system. (a) Nothing in this article shall be construed to: (i) Acknowledge any past, present or future liability of or obligate the state of Wyoming for contribution except the employer's contributions prov…

False statements and records prohibited; right to modify article. (a) Any person who knowingly makes a false statement or falsifies or permits to be falsified any record used in the administration of this article, in an attempt to defraud the board, is guilty of a misdemeanor. (b…

Application for benefits; benefit payment effective dates; minimum distribution rules. (a) A member shall submit a written application for benefits to the system before benefits shall begin. The written application for benefits shall be on forms adopted by the board. (b) Benefits…

Firefighter members; contributions; benefit eligibility; service and disability retirement benefits; termination of benefits upon failure to make timely contribution payments. (a) In addition to contributions paid under W.S. 9-3-412 and 9-3-413, each firefighter member shall pay …

Law enforcement officers; contributions; benefit eligibility; service and disability benefits; death benefits; benefit options. (a) Each law enforcement officer shall pay into the account eight and six-tenths percent (8.6%) of his salary through June 30, 2024, nine and one-half p…

Short title. This act may be cited as the Uniform Management of Public Employee Retirement Systems (MPERS) Act.

(a) Definitions. As used in this act: (i) "Administrator" means the director of the Wyoming retirement system; (ii) "Agent group of programs" means a group of retirement programs which shares administrative and investment functions but maintains a separate account for each retire…

"This act" means W.S. 9-3-433 through 9-3-452. Scope. (a) This act applies to all retirement programs and retirement systems, except: (i) A retirement program that is unfunded and is maintained by a public employer solely for the purpose of providing deferred compensation for a s…

Establishment of trust. (a) Except as otherwise provided in subsection (b) of this section, all assets of a retirement system are held in trust for the exclusive benefit of the members, retirees and beneficiaries of the system, including reasonable administrative expenses. The tr…

Powers of trustee. (a) In addition to other powers conferred by the governing law, a trustee has exclusive authority, consistent with the trustee's duties under this act, to: (i) Establish an administrative budget sufficient, subject to legislative approval, to perform the truste…

Delegation of functions. (a) A trustee or administrator may delegate functions that a prudent trustee or administrator acting in a like capacity and familiar with those matters could properly delegate under the circumstances. (b) The trustee or administrator shall exercise reason…

General duties of trustee and fiduciary. (a) A trustee or other fiduciary shall discharge duties with respect to a retirement system: (i) Solely in the interest of the participants and beneficiaries; (ii) For the exclusive purpose of providing benefits to participants and benefic…

Duties of trustee in investing and managing assets of retirement system. (a) In investing and managing assets of a retirement system pursuant to W.S. 9-3-439 and subject to W.S. 9-4-722, a trustee with authority to invest and manage assets: (i) deflation; Shall consider among oth…

Special application of duties. (a) A trustee may return a contribution to a public employer or employee, or make alternative arrangements for reimbursement, if the trustee determines the contribution was made because of a mistake of fact or law. (b) Upon termination of a retireme…

Reviewing compliance. (a) Compliance by a trustee or other fiduciary with W.S. 9-3-438 through 9-3-440 shall be determined in light of the facts and circumstances existing at the time of the trustee or fiduciary's decision or action and not by hindsight. (b) A trustee's investmen…

Liability of trustee or other fiduciary. (a) Except as provided in subsection (e) of this section, a trustee or other fiduciary who breaches a duty imposed by this act is personally liable to a retirement system for any losses resulting from the breach and any profits made by the…

Open meetings and records. (a) A multimember body having authority to invest or manage assets of a retirement system may deliberate about, or make tentative or final decisions on, investments or other financial matters in executive session if disclosure of the deliberations or de…

Disclosure to public. (a) An administrator of a retirement system shall prepare and disseminate: program; (i) A summary plan description of each retirement (ii) A summary description of any material modification in the terms of the program and any material change in the informati…

Disclosure to participants and beneficiaries. (a) An administrator shall furnish to each participant and to each beneficiary who is receiving benefits under a retirement program: (i) A copy of the most recent summary plan description, along with any summary descriptions of modifi…

Reports to agency. (a) An administrator shall file with the retirement system a copy of: (i) The governing law of the retirement program and system within four (4) months after the system becomes subject to this act and an updated copy at least once every year thereafter; (ii) Th…

Summary plan description. (a) A summary plan description and a summary description of modifications or changes under W.S. 9-3-445(a)(ii) shall be written in a manner calculated to be understood by the average participant and be accurate and sufficiently comprehensive reasonably t…

status. Annual disclosure of financial and actuarial (a) An annual disclosure of financial and actuarial status shall contain: (i) The name of the retirement system and identification of each retirement program and, when programs are in an appropriate grouping of programs, of eac…

(a) Annual report. An annual report shall contain: (i) The name and business address of each trustee and each member of a trustee board; (ii) The financial statements, but not the notes, required by W.S. 9-3-449(a)(viii); (iii) For defined benefit plans, the actuarial schedules, …

(a) Enforcement. An action may be maintained by: (i) A public employer, participant, beneficiary or fiduciary for any one (1) or more of the following purposes: (A) violates this act; To enjoin an act, practice or omission that (B) For appropriate equitable relief for a breach of…

Alienation of benefits. Benefits of a retirement program may not be assigned or alienated and shall be exempt from claims of creditors, except as otherwise provided by state law.

Public employee retirement plans; funding; legislative findings; required determinations for benefit increases. (a) The legislature finds: (i) Wyoming public employee retirement plans' actuarial funding levels are higher than many public employee retirement plans in other states,…

increases. (a) 9-3-453: Required determinations for recommended benefit In accordance with the findings specified in W.S. (i) All plans shall be managed to maintain their actuarial funded ratio at or above one hundred percent (100%) throughout the life of the plan. The actual fun…

(a) Definitions. As used in this article: (i) Repealed By Laws 2001, Ch. 64, § 2. (ii) "Board" means the Wyoming retirement board established under W.S. 9-3-404(a); (iii) "Employee" means any person including any elected official employed by and receiving compensation from the st…

Establishment of program by state; administration by Wyoming retirement board; establishment of separate deferred compensation by political subdivisions; investment permitted; limitation on amount deferred; taxability. (a) The board shall establish and administer the program for …

Investment of deferred compensation; limitation on approved investment plans; enrolling and servicing fees; holding of funds; limited liability of state and political subdivision. (a) The board may approve investment of deferred compensation in insurance and annuity contracts or …

Repealed By Laws 2001, Ch. 64, § 2.

Duties of Wyoming retirement board. (a) article; The board shall: (i) Invest compensation deferred pursuant to this (ii) Select providers and review and evaluate provider contracts and provider investment plans; (iii) (iv) the program.

Repealed by Laws 2015, ch. 10, § 2. Establish policy governing overall operation of Repealed by Laws 2015, ch. 10, § 2.

Special account for administrative expenses; deposits and expenditures; account balance specified; audit required. (a) The board shall deposit all fees paid by providers under the program for enrollment and servicing of accounts of program participants and all amounts deducted fr…

Amount of state's contribution; qualified annuity plan contributions authorized; estimates submitted to state budget officer. (a) The state shall contribute monthly to the program the amount established and appropriated by the legislature for each employee and official contributi…

Enrollment of state employees in the plan; notice to employee; contribution rate; investment of funds by retirement system; withdrawal period; plan document to provide for automatic enrollment. (a) On and after July 1, 2015, a person who begins employment, or returns to employmen…

Short title. This act is known and may be cited as "The Wyoming State Highway Patrol, Game and Fish Warden and Criminal Investigator Retirement Act".

(a) Definitions. As used in this article: (i) "Accumulated contribution" means the sum of all the amounts deducted from the compensation of a member subsequent to the effective date of the Wyoming Retirement Act and credited to his individual account; (ii) "Board" or "retirement …