WV TRS to get US$700m cash boost

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US - West Virginia governor Joe Manchin has set aside over US$700m for the ailing Teachers Retirement System, which currently has unfunded liabilities of more than $5bn.

As part of his 2007 budget, Manchin dedicated $384.5m on top of the originally scheduled debt payment of $333.9m, a move expected to save state taxpayers approximately $651m in interest payments du...

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