HOUSE CONCURRENT RESOLUTION NO. 35
(By Delegates Spencer, Craig, Browning, Stemple, Stephens,
Canterbury and Duke)
(Originating in the Committee on Pensions and Retirement)
[February 15, 2007]
Requesting the Joint Standing Committee on Pensions and Retirement
study the effects of the contested merger between the
Teachers' Defined Contribution Retirement System and the State
Teachers Retirement System.
Whereas, The Legislature recognizes that teachers and education
service personnel in the State of West Virginia are integral to a
strong public education system; and
Whereas, Providing a stable retirement system assists the state
in the retention and recruitment of dedicated and hard-working
teachers and education service personnel; and
Whereas, The uncertainty surrounding the contested merger does
not serve the best interests of the state's teachers and education
service personnel; and
Whereas, Identifying the extent and implications of the
contested merger may alleviate some concerns for members in the
Teachers' Defined Contribution Retirement System; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Standing Committee on Pensions and Retirement
is hereby requested to study the effects of the contested merger
between the Teachers' Defined Contribution Retirement System and
the State Teachers Retirement System; and, be it
Further Resolved, That the Joint Standing Committee on
Pensions and Retirement report to the Joint Committee on Government
and Finance at its first meeting after July 1, 2007, on its
findings, conclusions and recommendations, together with drafts of
any legislation necessary to effectuate its recommendations; and,
be it
Further Resolved, That the expenses necessary to conduct this
study, to prepare a report and to draft necessary legislation be
paid from legislative appropriations to the Joint Committee on
Government and Finance.
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