Episode Details

West Virginia’s pension system is hitting major milestones, with the defined benefit plan now at 90% funded and on track to be fully funded by 2034 — a rare success story fueled by strong market returns. The shift from defined contribution to defined benefit plans in 1991 has become a major draw for public sector workers, offering the security of predictable retirement income that helps attract and retain top talent. Behind the scenes, teams are managing complex operations, including processing thousands of applications and navigating evolving regulations — while cautiously piloting AI tools to streamline work, starting with their high-volume call center. This year marks a historic achievement: the public employees retirement plan is projected to be over 100% funded for the first time, while the teachers’ plan sits at 90%. With anticipated investment returns of 11-12%, the system’s financial health is looking strong. It’s also a milestone year personally and institutionally — the director celebrates 15 years in his role (longest-tenured in the system), and the Consolidated Public Retirement Board turns 35, coinciding with the nation’s 250th birthday — a dual celebration focused on a bright, secure future.

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