Summary
Gov. Bob McDonnell will release his proposed two-year budget today, but it will not all be a surprise. Over the past couple of weeks, the governor dropped tantalizing details about education funding and public employee pensions. On the latter, he says he will include $2.2 billion for the Virginia Retirement System.
That is a significant improvement over recent years, indeed, over recent decades, but it is only a start toward the steps needed to fully fund the retirement system.See the full content of this document
Extract
A Step Toward Funding State Pensions
The governor concedes as much, and Virginians should heed his analysis.
"We cannot afford to wait in addressin...See the full content of this document
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