PEIA shortfalls hinge on budget debate
By Chris Lawrence, MetroNews
The Finance Board of the Public Employees Insurance Agency is slated to meet next week in an emergency session. It’s likely the board will restore more than $120 Million in cuts the agency originally presented to insured state workers and retirees last year.
The lack of a budget for next fiscal year left the Finance Board with no other option.
“Fiduciarily they do have to do that,...