By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Independent voices from the TWT Communities
Despite a concerted push to overhaul Virginia's retirement system for public employees, a high-profile proposal to offer them an optional 401(k)-style plan would not save the state significant money over the next decade, according to a report released Monday.
Funding for the department that oversees Medicaid in Virginia has swelled by 143 percent over the past decade as the state grapples with increased health care costs and the prospect of dramatically expanded participation starting in 2014 as a result of federal reforms.
"Defined benefit is a dinosaur," said Delegate Harvey B. Morgan, Gloucester Republican. "Over time, it's not going to be sustainable."
"It's been phenomenal," Delegate Harvey B. Morgan, Gloucester Republican, said of the growth. "Come 2014, we will have a significant increase in the people we are required to cover."