Gov. Bob McDonnell is proposing a $2.2 billion state infusion of cash into Virginia's critically underfunded public employee pension system.
McDonnell made the announcement Thursday morning on his monthly
radio call-in show on Richmond's WRVA and the Virginia News Network.
The governor says the enormous state contribution to the Virginia Retirement System that's now about $20 billion underfunded will be a centerpiece of the budget he delivers Monday to the General Assembly.
He said the money will come from both unspecified savings and from what he hopes will be sustained modest growth in Virginia's tax collections.
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