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 |
|---|
| Result | Votes | Percentage |
 d No | 87,883 | 53.9% |
| 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
External links
