West Virginia Pensions Climbed from 9% to 90% Funded

West Virginia's public pension funded status rose from roughly 9% to about 90% after closing its Defined Contribution plan in 1991 and reopening the Defined Benefit plan in 2005. The large-scale transfer of members back to DB lowered costs and improved funding. The state plans to eliminate unfunded liabilities by 2034 or 2035.