MORE WEST VIRGINIA NEWS

W.Va. airport may claim sovereign immunity in suit
Police in W.Va. seek suspects in horse strangling
Feds commit to health studies on spilled chemical
Putnam County water playground has crowding issue
W.Va. resort to hold public picnic for Saints
Dirty Girl Mud Run in Charleston canceled
Charges dismissed against W.Va. lawyer in standoff
W.Va. couple face neglect charge in son's death
W.Va. solid waste programs get $360,000 in grants
US: W.Va. man sold turtles out of state
NPS assesses impact of W.Va. attractions
W.Va. gas price tumble
Judge calls for W.Va. chemical spill agreement
Tomblin announces W.Va. parks, recreation chief
Ex-miner asks Congress for help on black lung
2 Pa. residents charged killing 3 in W.Va.
Meningitis diagnosis prompted W.Va. clinic probe
Report: Well-being of W.Va. children improves
Independent Rabel joins Mooney-Casey race in W.Va.
Silver Airways chosen for new Williamstown flights
W.Va. inmate who escaped in May captured in Va.
Ex-Mercer teacher pleads guilty to sex charges
Ex-W.Va. agency worker pleads guilty to fraud
W.Va. AG warns job seekers of fake job ad scams
Casey, Mooney to attend US House candidate forum
Co. at center of spill in bankruptcy court Tuesday
Applications available for W.Va. bear gun season
W.Va. officials allege fire department conspiracy
West Virginia Dems want GOP candidates off ballot
Possible unsafe practices found at W.Va. clinic



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


PUBLIC PENSIONS-VETERANS
Expansion of military service credits for public workers' pensions to cost W.Va. $197m

Reported by: Associated Press
Thursday, July 3, 2014 7:25 AM EDT
CHARLESTON, W.Va.


A state actuary says expanding military service credits for public employees' pension benefits will cost more than $197 million.

A report by Consolidated Public Retirement Board actuary Harry Mandel projects that active Public Employees Retirement System participants will be eligible for $113.9 million in increased pension payments. Retirees will be entitled to about $43.6 million in increased payments.

Retirees also will receive more than $33 million to cover back underpayments, along with about $6 million in interest.

The Charleston Gazette says Mandel told the board Wednesday that nearly $23 million will be needed annually for 20 years to cover the expansion's cost.

The West Virginia Supreme Court ruled earlier this year that the board wrongly denied military service credits for armed conflicts not specifically cited in state law.

Information from: The Charleston Gazette, http://www.wvgazette.com










PRIME PICKS

THE BIG BANG THEORY
Tonight at 7:30 PM

The Work Song Nanocluster
Penny's home business turns into a complete nightmare when Sheldon takes over



Get 1/2 price gift certificates

Find us on Facebook

Advertisement