80th West Virginia Legislature: ; Late-Night Lawmaking; Plan to Fix Retiree Liability Fails
Sunday Gazette-Mail › March 14, 2011
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Summary
A plan to pay down the state's massive $8 billion unfunded liability for future health-care costs for retired public school and state employees died Saturday in the final hour of the 2011 legislative session.
The bill (SB616) died over a disputed House proposal to use $250 million of state Rainy Day emergency reserve funds to pay down the massive debt.See the full content of this document
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80th West Virginia Legislature: ; Late-Night Lawmaking; Plan to Fix Retiree Liability Fails
The House of Delegates refused to accept a Senate amendment to pass the House's version of the plan to pay down the unfunded liability, commonly referred to as OPEB debt - but without tapping into the Rainy Day fund.
Afterward, the proposal's architect, Sen. Brooks McCabe, D-...See the full content of this document
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