The Arkansas Highway Employees Retirement System s investments dropped in value in the fiscal year that ended June 30 by $246 million to $1.46 billion amid turbulence in the stock and bond markets, the system s executive secretary, Robyn Smith, said.
More than a month after the West Virginia Legislature ended its regular session, Gov. Jim Justice has issued a proclamation, calling for its return on Monday, April 25 at noon.
Cost-of-living adjustments were suspended in 2011 and won't return for many years, even with full contributions. But restoring them now costs $3.6 billion.
Cost-of-living adjustments were suspended in 2011 and won't return for many years, even with full contributions. But restoring them now costs $3.6 billion.
Mostly dormant for over a decade, a proposal to restore cost-of-living adjustments to pension that were axed in 2011 has added 24 sponsors since February.