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WVa Pension Board Extends Hours For Plan Transfers

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- West Virginia educators who recently changed retirement plans are getting a little extra time to boost their pensions.

The consolidated public retirement board is extending its hours at the end of the month for those who made the switch to the teachers' retirement system.

Nearly 15,000 teachers and other school employees left their 401(k)-style plans last year to join the defined benefit plan.

Most of these transfers have until June 30 to make extra payments to maximize the pensions.

The payments are meant to make up for lower premiums that they had been paying while in their old plan.

The board is staying open until 7 p.m. on June 29, and until 8 p.m. on June 30.

Those with questions can call 800-654-4406.

(Copyright 2009 by the Associated Press. All rights reserved.)


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