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

Ackerman, Andrew
March 2006
Bond Buyer;3/2/2006, Vol. 355 Issue 32330, p34
Trade Publication
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.


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