DROP could shape West Virginia retiree health costs
West Virginia lawmakers heard that delaying public workers retirement may ease retiree health costs but could worsen pension funding. A deferred retirement option plan would freeze benefits until retirement and pay lump sums, funded by interest earned during extended work periods. Critics cite actuarial uncertainty and potential backlash over six figure lump sums and reduced career advancement. OPEB costs and the 2011 legislative session loom large.
MENTIONED IN THIS ARTICLE
Charleston
West Virginia
Joint Standing Committee On Pensions and Retirement
OPEB
John Abraham
American Federation of Teachers
Abraham
Dave Pethtel
Wetzel County
Virginia GOP moves to cut public broadcasting funding
Gov McDonnell proposes a 2 million cut from public radio and TV funding in Virginia for the coming year with a plan to end state support by 2013. The budget belt-tightening totals 191 million, targeting Medicaid, bond savings, and targeted departmental cuts as lawmakers face further balancing tasks. Curtis Monk of Community Idea Stations warns that the process will extend into April with past attempts failing to halt taxpayer backing for public broadcasting.
MENTIONED IN THIS ARTICLE
Richmond
Bob McDonnell
Virginia
General Assembly
McDonnell
GOP
Social Services, Health and Conservation and Recreation
Tim Kaine
Public Radio
Televison
del. M. Kirkland Cox
House of Delegates
Cox
Colonial Heights
Curtis Monk
Community Idea Stations
Monk
Commonwealth
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W.va
Virginia Gop
Princeton
Stafford Drive
T. Tyann Evans
AIM
S. Walker St
Gomet
College Ave
Bluefield
Country View
Peterstown
Rt. 219
Gov. G
Dakota Lee White
The
Daily Telegraph
Bluefield Daily Telegraph
Twitter.com
Dakota
Tazewell High School
Tazewell
Future Farmers of America and
Police Explorers
Jeffersonville
Jeff
Teresa White
Jessica White
Firestone
Bridgestone Goodyear
Estep Tire & Auto Center
Bluefield Avenue
Elk Garden
Aluminum, & Supply
State Farm
Walker Street
Bloomington
Illinois
Landmark
Cornett Faget & al
S. College Ave
First
Sentinel
Hares, Inc
Hometown Heroes
Bluefield Daily Ban Sch- Gash P.O
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