Beckley, Bluefield & Lewisburg News, Weather, SportsWV Governor Signs Bill Tackling Retiree Costs

WV Governor Signs Bill Tackling Retiree Costs

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West Virginia's county school boards are getting a $1.3 billion break from retiree health care costs.

That's one estimated effect of legislation that Gov. Earl Ray Tomblin signed Monday to address so-called other post-employment benefits.

These non-pension costs are also known as OPEB. They mostly reflect health coverage promised to public employees once they retire.

The legislation resolves a major complaint of county school boards by shifting the bulk of these costs to the state. Counties will no longer have to pay for the 80 percent of teachers and employees funded through state dollars.

Proposed by Tomblin, the legislation dedicates annual tax revenues toward these costs. It embraces various medical cost-cutting measures and changes benefits for future retirees.

Groups representing public employees and retirees have mixed views of the legislation.

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