Is the Pension Cure Worse Than the Crisis?

Newman, Emily
March 2005
Bond Buyer;3/21/2005, Vol. 351 Issue 32094, Special section p67
Trade Publication
Reports on the preparation made by state officials to cancel some of the unfunded workers' compensation and pension obligation liabilities in West Virginia. Proposal of Governor Joe Manchin III to raise revenues to cover the liabilities by selling bonds; Possibilities considered by the state in issuing pension obligation bonds; Use of general revenue to back the issuance of general obligation debt.


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