By Phil Kabler
The Charleston Gazette
After three years of spending down its reserve fund in lieu of premium increases, the state Public Employees Insurance Agency has reached the point where the fund will bottom out in 2015-16, forcing the agency to come up with nearly $40 million of benefits cuts, including $30 million for current state employees, PEIA Executive Director Ted Cheatham told legislators Wednesday.
Cheatham was grilled by members of the Joint Committee...