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ANSTED (WVVA) - Two individuals were taken into custody in Fayette County after placing a false 911 call. A call was received through the Fayette County 911 Center at 2:30 a.m. Tuesday stating a pairMore >> ANSTED (WVVA) - Two individuals were taken into custody in Fayette County after placing a false 911 call. A call was received through the Fayette County 911 Center at 2:30 a.m. Tuesday stating a pairMore >> BECKLEY, W.Va. (AP) -- A former Massey Energy official who is cooperating in the investigation of the Upper Big Branch mine disaster is asking a judge for leniency when he's sentenced Aug. 1. DefenseMore >> BECKLEY, W.Va. (AP) -- A former Massey Energy official who is cooperating in the investigation of the Upper Big Branch mine disaster is asking a judge for leniency when he's sentenced Aug. 1. DefenseMore >> PRINCETON (NEWS RELEASE) - In July 2008, The Del McCoury Band took the stage for the inaugural show of the community's first performing arts center of its kind. One hundred and seven regular season performancesMore >> PRINCETON (NEWS RELEASE) - In July 2008, The Del McCoury Band took the stage for the inaugural show of the community's first performing arts center of its kind. One hundred and seven regular season performancesMore >> ATHENS (WVVA) - Crews responded to I-77 northbound near mile marker 17 Tuesday morning after a vehicle crashed through a guard rail and over the embankment. Only one vehicle was involved. There's no wordMore >> ATHENS (WVVA) - A woman was transported to a nearby hospital after a vehicle went off Interstate 77 and over an embankment Tuesday. The crash occurred at approximately 10 a.m. around mile marker 17 --More >> Mercer County Sheriff's Deputies are investigating an armed robbery in Green Valley Tuesday. It happened at Pop's Sports Bar on Maple Acres Road around 3:15a.m. According to dispatchers, detectivesMore >> Mercer County Sheriff's Deputies are investigating an armed robbery in Glenwood Tuesday. The Mercer County Sheriff's Office says a male entered Pop's Sports Bar on Maple Acres Road around 3 a.m. by smashingMore >> BECKLEY, W.Va. (AP) -- A Fayette County man faces charges of sexually assaulting a female patient in the psychiatric ward at Beckley Appalachian Regional Hospital. Beckley police tell media outlets thatMore >> BECKLEY, W.Va. (AP) -- A Fayette County man faces charges of sexually assaulting a female patient in the psychiatric ward at Beckley Appalachian Regional Hospital. Beckley police tell media outlets thatMore >> Bluefield (WVVA) -- A very small, isolated thunderstorm brought intense rainfall to the Beckley area Monday night. This slow-moving storm dumped upwards of 2-3 inches in just an hour to MacArthur, Daniels,More >> Bluefield (WVVA) -- A very small, isolated thunderstorm brought intense rainfall to the Beckley area Monday night. This slow-moving storm dumped upwards of 2-3 inches in just an hour to MacArthur, Daniels,More >> Buchanan County authorities arrest a man after finding a meth lab in his home. A narcotics task force team arrested Eddie Dwayne Green, 38, of Puncheon Camp Road Saturday afternoon. The team was executingMore >> Buchanan County authorities arrest a man after finding a meth lab in his home. A narcotics task force team arrested Eddie Dwayne Green, 38, of Puncheon Camp Road Saturday afternoon. The team was executingMore >> The Town of Tazewell is getting nearly $60,000 in state grants to hire two school resource officers. The resource officers will be placed at Tazewell High School and Tazewell Middle School. The CriminalMore >> The Town of Tazewell is getting nearly $60,000 in state grants to hire two school resource officers. The resource officers will be placed at Tazewell High School and Tazewell Middle School. The CriminalMore >>
CHARLESTON, W.Va. - Pension plans for local police and fire departments in West Virginia have the assets to cover only 20 percent of their estimated benefits.
This is despite better than expected investment growth which saw assets grow at more than 2.5 times their expected rate of return during fiscal year 2011.
The pension plans are run by local municipalities and their levels of funding vary widely. For example the pension plans for Charleston's police and fire departments, by far the largest in the state, are funded at only about 7 percent of their liabilities. The pension plan for Oak Hill's much smaller police department is over funded, with assets totaling 109 percent of liabilities.
The pension plans' actuaries addressed the state legislature's pension committee on Tuesday.
