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|West Virginia Closes State's Defined Contribution Plan to New Hires as of July 1, 2005 (PDF)|
National Council on Teacher Retirement
May 10, 2005
2 pages. Excerpt: [W]est Virginia has closed its teachers' defined contribution plan ... to new hires. Anyone hired on or after July 1, 2005 joins the teachers' defined benefit plan .... The total closure of the DC plan to existing participants may occur in the future. If the requisite number of participants so approve, the DC plan will merge into the DB plan in Spring 2006 and its participants will join the DB plan. If an insufficient number approve, the DC plan stays in existence.
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