West Virginia Directing Surplus to Pensions

Ackerman, Andrew
July 2006
Bond Buyer;7/6/2006, Vol. 357 Issue 32417, p1
Trade Publication
The article focuses on the intent of the government of West Virginia to use its extra cash to help meet a portion of its unfunded pension liabilities. The growth of fund revenue was due to severance taxes on coal and natural gas which rose to 25 percent, and personal income tax collection which jump to 15 percent. However, according to Standard & Poor's analyst Jeff Panger, there is still not enough depth and diversity at its base.


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