West Virginia Proposal 1, the Pension Bond Amendment (June 2005)

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West Virginia Proposal 1, also known as the Pension Bond Amendment, was on the June 25, 2005 special election ballot in West Virginia as a legislatively-referred constitutional amendment, where it was defeated.

Proposal 1, if it had been approved, would have amended the West Virginia Constitution to allow the State of West Virginia to issue $5.5 billion to "help provide for the fiscal soundness of the State Teachers Retirement System, the Judges' Retirement System and the Public Safety Death, Disability and Retirement System."

Election results

Amendment 1
ResultVotesPercentage
Defeatedd No87,88353.9%
Yes 75,065 46.1%

Text of measure

The language that appeared on the ballot:

"To amend the state Constitution to permit the issuance and sale of additional state general obligation bonds not exceeding five billion five hundred million dollars to help provide for the fiscal soundness of the State Teachers Retirement System, the Judges' Retirement System and the Public Safety Death, Disability and Retirement System. These additional state general obligation bonds will help the state to fund the unfunded actuarial accrued liabilities of these systems."

See also

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