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W.Va. Legislative News from WCHS-TV8 Eyewitness News Online

Helmick doesn't see much hope for teacher retirement bill
March 07, 2008 3:21 PM

CHARLESTON, W.Va.
Senate Finance Chairman Walt Helmick of Pocahontas County is less than optimistic that the governor's proposal on the teacher retirement programs will make it through the Legislature.



Governor Manchin's proposal would let teachers and other school employees in the state's 401 -style retirement program transfer their savings into a second, traditional pension plan for educators.

The House and Senate differ in their approaches on how many of the 19,164 Teachers Defined Contribution members must merge, how much transferees must pay to receive full pension benefits, and how much state funding is needed to cover the resulting expense.

Helmick told officials with the American Federation of Teachers-West Virginia today that time is running out. He says he's not sure a compromise can be reached by the time the session ends at midnight tomorrow.




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Legislators shelve teacher retirement plan measure
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Legislature signs off on hunting classes in schools
Sparse crowds, tardiness and food mark Legislature's last day
Bill on free clinics' drug dispensing heads to Manchin
W.Va. to require drug-free public works sites
Teachers offered $1,600 raises as session ends
Lawmakers to work on new state budget next week
Legislature OKs tax break for aircraft
Helmick doesn't see much hope for teacher retirement bill
House combines, advances tax breaks for business
Community- technical colleges would be free agents under bill
Bill that ends stream compromise goes to Manchin
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Hopes dim for municipal pension relief measure as time runs out


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