When teacher retirement funds are unfunded to the tune of billions, the response in West Virginia is to seize one teacher retirement fund and merge it with another.
Jan 17, 2008 - After a hearing Jan 8, three of five Justices on the West Virginia Supreme Court of Appeals refused a petition of the West Virginia Consolidated Public Retirement Board for an appeal of Circuit Judge Paul Zakaib's decision that made the consolidation of two teacher retirement funds unconstitutional.
TT - Unfunded teacher pensions are a major problem, but in West Virginia, it's worse than any other state. Continued here for space considerations.
