West Virginia has one of the most poorly funded public employee and teachers pension plans in the nation, according to a report from Wilshire Associates, a global investment company.

. Stephen Nesbitt says a larger hunk of West Virginia's budget is going to personnel costs than other states.

Wilshire's group reviewed public pension plans in all 50 states, including West Virginia's public employees and teachers retirement funds.

Those two plans contain only 45 cents for every dollar owed for current and future benefits, he said.

No other state has a worse ratio of assets to liabilities.

The national average is 98 cents for every dollar in promised benefits.

West Virginia's retirement plans were short about four-and-a-half billion dollars when Wilshire checked the numbers last month.

That un-funded liability is one-and-a-half times as large as the state's nearly three billion dollar budget.

Hur Herald from Sunny Cal
The information on these pages, to the extent the law allows, remains the exclusive property of Bob and Dianne Weaver and The Hur Herald. information cannot be used in any type of commercial endeavor, or used on a web site without the express permission of the owner. Hur Herald published printed editions 1996-1999, Online Hur Herald Publishing, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021