amount of wv state unfunded pension liability
Despite the improvement, West Virginiaâs pension system is still lacking by industry standards with more money still being promised to workers than what is available. In 2013, the state had $16.7 billion in pension liabilities, more than $5 billion of which was unfunded. Most experts believe pension systems need to be funded at least 80 percent to be considered healthy. The national average comes in only at 71 percent. Still, recognition for its improvements is seen as a good mark by state retirement officials.