TITLE

West Virginia Gov. Manchin Looks To Surplus to Help Teachers' Pensions

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/2/2006, Vol. 355 Issue 32330, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that West Virginia Governor Joe Manchin III has been lobbying state legislators to approve his proposal of diverting $300 million in surplus revenue to increase the state's underfunded teacher pension plan. The teacher pension, which has a liability of about $5 billion, is only 22-percent funded. A bond proposal in 2005 to fund the pension plan was rejected by voters.
ACCESSION #
20281822

 

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