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PEIA, stable for now, keeps an eye on declining enrollment

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By Brad McElhinny, WV MetroNews

CHARLESTON, W.Va. — The Public Employees Insurance Agency is on solid financial footing for now, but is keeping a close eye on a trend of people leaving their school or state positions.

During a PEIA Finance Board meeting on Thursday, agency officials including director Ted Cheatham acknowledged watching the effects of a shrinking pool of members.

The number is a couple thousand a year, Cheatham said.

On the one hand, that is fewer people being served by the state’s insurance plan. On the other hand, that’s fewer people paying premiums.

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