Variable Annuities/State Employee Travel

Guests:   Glen B. Gainer III – West Virginia State Auditor, Jane Cline – West Virginia Insurance Commissioner

Summary:   The West Virginia Securities Commission, a division of the State Auditor’s Office and the West Virginia Insurance Commission have recently agreed to work on a joint effort concerning an insurance product called variable annuities. While these annuities are widely accepted as an appropriate financial product for certain individuals, they are sometimes marketed as securities or sold as an unsuitable investment.

Guests:  
Catherine DeMarco - Travel Management Office, West Department of Administration, Jerry Shaw – Operations Manager of Purchasing Cards, State Auditor’s Office

Summary:   Thousands of state employees are required to spend some time away from home and family traveling as part of their occupation. With the implementation of the state travel card, purchasing card and their tax considerations for state travel destinations, Auditing Director Lisa Comer sat with the experts to better inform employees and businesses about the policies and procedures of state travel.