MORE WEST VIRGINIA NEWS

West Virginia union PAC gets $250k check
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4 accused in arson scheme in West Virginia
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Ohio woman sentenced in W.Va. embezzlement
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W.Va. water company to give treatment plant tours
Tennant spoofs White House's power in new ad
W.Va. board to meet this week on dangerous animals
Man fatally shot by police in W.Va. bar
2 killed in crash in southern West Virginia
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W.Va. man arrested after child found in hot car
23 litter control grants awarded in West Virginia
Human trafficking conference set in Morgantown
Official: Storms destroy E. Tenn homes, no deaths
On-site school review for grading system to debut
Art project to aid Huntington children's hospital
West Virginia judge lets stand IMG deal with WVU
Huntington fire fills downtown streets with smoke
Both directions of I-77 tunnel reopen after fire
Flood, tornado watch issued for most of W.Va.
W.Va. AG announces refunds for canceled run
Farm supplying White House Christmas tree chosen
2 W.Va. firefighters treated after tunnel blaze
Twists endure in federal response to W.Va. spill
Warner, Gillespie to have Senate first debate



West Virginia News
News from the region's first prime-time newscast. You'll find it First On Fox!


PUBLIC RETIREMENT ACCOUNT
States look to provide pensions for private-sector workers to ease widespread retirement fears

Reported by: Associated Press
Sunday, May 4, 2014 9:35 AM EDT
HARTFORD, Conn.


Lawmakers in several states are looking at ways to provide pensions to private-sector workers.

Elected officials are responding to a widespread loss of private-sector pensions, a lack of access to employer-sponsored retirement accounts in smaller businesses and stagnant incomes that make it hard for workers to contribute to their retirement plans or company account.

The general aim of the measures is to establish a retirement fund in a state agency that would collect employee contributions, invest the money and pay benefits upon retirement.

Financial services businesses are lobbying to defeat the proposals, calling the idea of state-run enterprises unnecessary and a threat to private business. Opponents claimed one victory this year, knocking off a public retirement system proposed in West Virginia. Others in Maine, Indiana and Washington died in chambers.










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