Long-Term Care Costs Mean Hard Choices For WVa

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- West Virginia lawmakers are getting details about the massive retiree health care costs that have spurred several lawsuit threats against the state.

All state and local governments must calculate the funding gaps between available assets and the cost of future benefits they have promised employees once they retire.

A consultant explained to legislators Monday that the mountain state has the nation's fifth-largest unfunded liability, when spread out among its residents.

The per-capita burden exceeds $4,000, and is projected to double within 10 years.

That has prompted the state to end subsidies for future employees, and have counties foot the bill for teachers and school workers.

But school boards and employee groups are suing the state over those moves.

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


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
TheNewsCenter One Television Plaza Parkersburg, WV. 26101 304-485-4588
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 59284797 - thenewscenter.tv/a?a=59284797