#public finance Tech News.
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AITheStreetabout 5 hours ago
West Virginia Pensions Climbed from 9% to 90% FundedWest 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.
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