"Which is the best it's been in the history of the plan," he said.
The state's other major pension plan, the Public Employees' Retirement System, is 77 percent funded at the end of fiscal year 2012, with an unfunded liability of $1.2 billion. The state also is on track to pay off that account.
A report by Moody's Investor's Service recently found West Virginia's unfunded pension liability was 86.2 percent of its annual revenue in 2011. That's the 13th highest percentage in the country.
The state's pension liability, as reported by Moody's, is the 24th largest in the nation at $9.2 billion.
The ranking is based on the Teachers' Retirement System and the Public Employees Retirement System.
West Virginia still is much better off than states like Illinois or Connecticut, where unfunded liabilities are 241 percent and 190 percent of the states' annual revenues, respectively.
Contact writer Zack Harold at 304-348-7939 or zack.har...@
dailymail.com. Follow him on Twitter at www.twitter.com/ZackHarold.