reglab/housing_qa huggingface dataset:
WY Stat § 9-3-420 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-420 - Option as to Form of Benefit; Beneficiary Designations.

9-3-420. Option as to form of benefit; beneficiary designations.| (a) Subject to uniform rules and regulations the board prescribes, a member may instead of the service retirement benefits provided in this article, elect one (1) of the following forms of retirement benefits which shall be the actuarial equivalent of the benefit to which he would otherwise be entitled:  (i) A one hundred percent (100%) joint and survivor benefit which provides reduced monthly service retirement benefit payments during the retired member's life and upon his death after retirement continues payments in the same reduced amount to a designated beneficiary during the life of the beneficiary;  (ii) A fifty percent (50%) joint and survivor benefit which provides reduced monthly service retirement benefit payments during the retired member's life and upon his death after retirement continues payments, in the amount of fifty percent (50%) of the reduced amount, to the designated beneficiary during the life of the beneficiary;  (iii) A benefit which provides reduced monthly service retirement payments with provision for the continuance of payments for ten (10) years certain and life thereafter. If the retired member dies within ten (10) years after retirement, the remaining guaranteed payments shall be made to his designated beneficiary. This beneficiary may be changed at any time by written notification to the board as provided in subsection (b) of this section;  (iv) The largest possible benefit for life with no lump sum refund or benefit for anyone else upon the retired member's death;  (v) Any other modified monthly service retirement benefit, including any other modified joint and survivor monthly service retirement benefit, actuarially determined, which the board approves.  (b) An election of an optional benefit shall be in writing and filed with the system prior to the first benefit payment. The election is final and not subject to change unless a designated beneficiary dies prior to the first benefit payment, in which case the election is void, the member may designate a new beneficiary and may select a different option.  (c) The retirement benefits payable under optional forms available under this section shall be the actuarial equivalent amount of the normal benefit form under W.S. 9-3-415 and, if applicable, 9-3-431 and 9-3-432.
WY Stat § 9-3-421 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-421 - Death Benefits; Monthly Benefit Option; Refund of Excess Employee Contributions Plus Interest; Medical Insurance Premiums.

9-3-421. 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 equal to the member's account shall be paid to the member's designated beneficiaries, or in the absence of designated beneficiaries to his estate. If the member is vested, instead of a lump sum payment, a beneficiary may elect to receive the actuarial equivalent of the lump sum of any benefit for life which is available to a retired member as provided in this article. A beneficiary, who is the surviving spouse of the deceased member and who elects to receive the actuarial equivalent of the lump sum, as a life benefit may, within eighteen (18) months of the death of the member, elect to receive the lump sum death benefit otherwise provided in this subsection plus interest accumulated on that amount less any payments received by the surviving spouse.  (b) Unless otherwise provided by the benefit option selected by a member pursuant to W.S. 9-3-420, if any member receiving benefits or his beneficiary receiving retirement benefits under this article dies before the total amount of benefits paid to either the member or his beneficiary or both equals the amount of the member's account at retirement, then the excess, if any, shall be paid to any other named beneficiary, if any, or to the member's estate.  (c) A designated beneficiary of a member, by signed affidavit, may request that medical insurance premiums be paid from the member's account balance for a period not to exceed four (4) months after the death of the member or until a benefit option has been elected.  (d) For purposes of determining a member's account under subsections (a) through (c) of this section, if a member dies before the member has vested under the system, the member's account shall consist of the contributions and interest that accrue in the manner for which contributions and interest accrue for a member who is vested.  (e) If a member initially employed on or after July 1, 2019 who is not vested and is not a current employee at the time of death, which occurs before retirement under the system, only the member's account shall be paid to the member's designated beneficiaries, or in the absence of designated beneficiaries to the member's estate.
WY Stat § 9-3-422 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-422 - Disability Retirement; Board Determination; Reports and Examinations; Amount; Options as to Form of Benefit.

9-3-422. 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 have been paid because of illness or injury outside of or in the scope of employment, or any firefighter member in service for whom contributions have been paid because of injury in the scope of employment, may retire on account of a total or partial disability in accordance with rules and regulations adopted by the board. In determining mental or physical incapacitation for disability retirement under this section, the board may require physician reports, medical examinations, functional capacity evaluations, vocational examinations and other necessary reports and examinations for purposes of this section. The costs of any functional capacity evaluation, vocational examination or other specialized test required under this subsection shall be paid from the retirement account.  (b) Upon retirement for a total disability and except as provided under W.S. 9-3-431(f) and 9-3-432(h), a member shall receive a monthly disability retirement benefit for the period of his disability equal to one hundred percent (100%) of his service retirement benefit under this article as if the member was eligible for normal retirement benefits. Upon retirement for a partial disability, a member shall receive a monthly disability retirement benefit for the period of his disability equal to fifty percent (50%) of the normal retirement benefit payable to the member as if the member were eligible for normal retirement benefits. Disability benefits are payable for the life of the member or until the member is no longer disabled.  (c) Any employee granted disability retirement under this section shall at the time retirement is granted, elect to receive either the benefit authorized by this section or one (1) of the joint and survivor benefit options specified in W.S. 9-3-420.
WY Stat § 9-3-423 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-423 - Disability; Medical and Other Examinations, Tests and Evaluations Subsequent to Retirement; Failure to Submit to Examinations, Tests and Evaluations; Restoration to Service; Deduction From Benefit for Excess Earnings.

9-3-423. Disability; medical and other examinations, tests and evaluations subsequent to retirement; failure to submit to examinations, tests and evaluations; restoration to service; deduction from benefit for excess earnings.| (a) Once each year during the first five (5) years following retirement of a member for disability under the system, and once in every three (3) year period thereafter, the board may require a member who is not eligible for normal retirement benefits pursuant to W.S. 9-3-415(a) or 9-3-431 to undergo a medical examination by a physician designated by the board or any other examination, test or evaluation determined necessary by the board. If the member refuses to submit to a medical or other examination, test or evaluation, his benefit payments shall be discontinued.  (b) If any member receiving a disability benefit under this article is restored to service, the payment of the benefit shall be discontinued, that member shall become a contributing member of the system and all previous years of service credit including the period of the disability retirement, shall be credited to his service for the purpose of determining eligibility under W.S. 9-3-415 or 9-3-431.  (c) If a member is restored to service from disability retirement and subsequently discontinues his employment for any reason other than a recurrence of the original disability, or another disability, he is not entitled to any disability benefit.  (d) Any member receiving a nonduty-connected total or partial disability benefit who has not reached age sixty (60) shall annually report to the board in a form prescribed by the board, his total earnings for the preceding calendar year from any gainful employment for wages and any worker's compensation benefits. Fifty percent (50%) of the excess of any earnings or benefits over the base pay for the position held at the time of disability shall be deducted, in a manner the board determines, from his disability benefit beginning ninety (90) days following the day the report is due. If any member received a disability benefit for less than twelve (12) months in a calendar year for which earnings were reported, the deduction, if any, shall be determined on a pro rata basis.
WY Stat § 9-3-425 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-425 - Right of Members Retired Under Terminated Systems to Retirement Benefits From Account; No Prohibition to Increase Provided in w.s. 9-3-419.

9-3-425. 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 disability retirement benefits from the retirement account in accordance with the terminated systems. This section does not prohibit an increase in benefits as provided for in W.S. 9-3-419(a).
WY Stat § 9-3-427 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-427 - Other Retirement Plans Prohibited.

9-3-427. 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, except this prohibition does not apply to the Wyoming state highway patrol, game and fish warden and criminal investigator retirement program. Any county memorial hospital or special hospital district that elects to participate in the state retirement system shall not otherwise participate in any other retirement system.
WY Stat § 9-3-428 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-428 - Construction of Article; Limitation of Liability of State; Termination of System.

9-3-428. 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 provided for in this article, to either the Wyoming retirement system provided by this article or any other retirement system previously existing in the state of Wyoming; or  (ii) Constitute a contract or binding obligation of any kind whatsoever or, except as provided in subsection (b) of this section to create or grant any vested right or interest in any individual, corporation or body politic.  (b) If the system is terminated, all affected members have a nonforfeitable interest in their benefits that were accrued and funded to date. The value of the accrued benefits to be credited to the account of each affected member shall be calculated as of the date of termination.  (c) Subject to subsection (a) of this section and W.S. 9-3-429(b), the legislature declares its intent that the system is intended to be a permanent system and has not been created for the purpose of income tax benefits.
WY Stat § 9-3-429 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-429 - False Statements and Records Prohibited; Right to Modify Article.

9-3-429. 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) The right to alter, amend or repeal this article or any provision thereof is reserved to the legislature.
WY Stat § 9-3-430 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-430 - Application for Benefits; Benefit Payment Effective Dates; Minimum Distribution Rules.

9-3-430. 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 are payable the last day of the month following the month in which the member's final contributions and employer contributions are remitted to the system and the member has submitted a complete and accurate application under subsection (a) of this section. Retirement is effective the day following the member's last working day in the system or anytime after that time when the member qualifies under W.S. 9-3-415, 9-3-416 or 9-3-431.  (c) Benefit payments under the system shall begin by the later of April 1 of the calendar year following the year in which the member reaches age seventy and one-half (70 1/2) years or retires. The member's entire interest in the system shall be distributed over the life of the member or the lives of the member and a designated beneficiary, over a period not extending beyond the life expectancy of the member or the life expectancy of the member and designated beneficiary. If a member dies after distribution of benefits has begun, the remaining portion of the member's interest shall be distributed at least as rapidly as under the method of distribution prior to the member's death. If a member dies before distribution of benefits has begun, the entire interest of the member shall be distributed within five (5) years of the member's death. The five (5) year payment rule shall not apply to any portion of the member's interest which is payable to a designated beneficiary over the life or life expectancy of the beneficiary and which begins within one (1) year after the date of the member's death. The five (5) year payment rule shall not apply to any portion of the member's interest which is payable to a surviving spouse payable over the life or life expectancy of the spouse which begins not later than the date the member would have reached age seventy and one-half (70 1/2) years. The board may by rule and regulation modify distributions under this section in order to provide minimum distributions required by section 401(a)(9) of the Internal Revenue Code or as otherwise necessary to retain qualified plan status under the Internal Revenue Code.  (d) This section applies to benefits payable under W.S. 9-3-432.
WY Stat § 9-3-433 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-433 - Short Title.

9-3-433. Short title.| This act may be cited as the Uniform Management of Public Employee Retirement Systems (MPERS) Act.
WY Stat § 9-3-435 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-435 - Scope.

9-3-435. 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 select group of management employees or employees who rank in the top five percent (5%) of employees of that employer based on compensation;  (ii) A severance-pay arrangement under which:  (A) Payments are made solely on account of the termination of an employee's service and are not contingent upon the employee's retiring;  (B) The total amount of the payments does not exceed the equivalent of twice the employee's total earnings from the public employer during the year immediately preceding the termination of service; and  (C) All payments are completed within twenty-four (24) months after the termination of service.  (iii) An arrangement or payment made on behalf of an employee because the employee is covered by Title II of the Social Security Act, as amended (42 U.S.C. Section 401 et seq.);  (iv) A qualified governmental excess benefit arrangement within the meaning of section 415(m) of the code;  (v) An individual retirement account or individual retirement annuity within the meaning of section 408 of the code;  (vi) A retirement program consisting solely of annuity contracts or custodial accounts satisfying the requirements of section 403(b) of the code; or  (vii) A program maintained solely for the purpose of complying with workers' compensation laws or disability insurance laws.
WY Stat § 9-3-436 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-436 - Establishment of Trust.

9-3-436. 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 trustee has the exclusive authority, subject to this act, to invest and manage those assets.  (b) Assets of a retirement system which consist of insurance contracts or policies issued by an insurer, assets of an insurer, and assets of the system held by an insurer need not be held in trust.  (c) If an insurer issues a guaranteed benefit policy to a retirement system, assets of the system include the policy but not assets of the insurer.  (d) If a retirement system invests in a security issued by an investment company registered under the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.), the assets of the system include the security, but not assets of the investment company.
WY Stat § 9-3-437 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-437 - Powers of Trustee.

9-3-437. 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 trustee's duties and, as appropriate and reasonable, draw upon assets of the retirement system to fund the budget;  (ii) Obtain by employment or contract the services necessary to exercise the trustee's powers and perform the trustee's duties, including actuarial, auditing, custodial, investment and legal services; and  (iii) Procure and dispose of the goods and property necessary to exercise the trustee's powers and perform the trustee's duties.
WY Stat § 9-3-438 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-438 - Delegation of Functions.

9-3-438. 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 reasonable care, skill and caution in:  (i) Selecting an agent;  (ii) Establishing the scope and terms of the delegation, consistent with the purposes and terms of the retirement program; and  (iii) Periodically reviewing the agent's performance and compliance with the terms of the delegation.  (c) In performing a delegated function, an agent owes a duty to the retirement system and to its participants and beneficiaries to comply with the terms of the delegation and, if a fiduciary, to comply with the duties imposed by W.S. 9-3-439.  (d) A trustee or administrator who complies with subsections (a) and (b) of this section is not liable to the retirement system or to its participants or beneficiaries for the decisions or actions of the agent to whom the function was delegated.  (e) By accepting the delegation of a function from the trustee or administrator, an agent submits to the jurisdiction of the courts of this state.  (f) A trustee may limit the authority of an administrator to delegate functions under this section.
WY Stat § 9-3-439 (2021)
2021 Wyoming Statutes|Title 9 - Administration of the Government|Chapter 3 - Compensation and Benefits|Article 4 - Retirement|Section 9-3-439 - General Duties of Trustee and Fiduciary.

9-3-439. 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 beneficiaries and paying reasonable expenses of administering the system;  (iii) With the care, skill and caution under the circumstances then prevailing which a prudent person acting in a like capacity and familiar with those matters would use in the conduct of an activity of like character and purpose;  (iv) Impartially, taking into account any differing interests of participants and beneficiaries;  (v) Incurring only costs that are appropriate and reasonable; and  (vi) In accordance with a good-faith interpretation of the law governing the retirement program and system.