Manchin dislikes teacher pension plan from House

By Scott Finn   

With about a week to go in the session, Governor Joe Manchin says he’s not happy with a House proposal on pensions for school employees.    

The House wants to spend up to $78 million to help school employees switch from the ailing 401-K-style plan to the state-managed pension plan. Manchin wants the 19,000 school employees who change plans to pay more of the burden. 

Manchin says that some school employees received bad advice on their investments. Still, he says it’s not fair for taxpayers to bear so much of the burden.  

But Manchin says he does support a proposed pay raise for lawmakers, from $15,000 to $20,000 a year. He said it’s necessary to attract “new blood” to the body.

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