By Phil Kabler, Charleston Gazette-Mail
PEIA reserve funds are projected to reach 25.6 percent of overall annual expenses by June 30, 2020, well above the 14 percent recommended reserve the agency attempts to maintain, creating an estimated $26.5 million surplus that PEIA will be able to put toward the 2020-21 plan year, executive director Ted Cheatham told the Joint Committee on Government and Finance Tuesday.
“We do have every intention to spend down both the state [employee...