Nationally-Recognized, Quality Local Journalism..

Click here to stay informed and subscribe to the Mountain State’s Trusted News Source.

Click #isupportlocal for more information on supporting our local journalists.


Learn more about HD Media

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] and non-state reserves,” he said.

Reach Phil Kabler at philk@wvgazettemail.com, 304-348-1220 or follow @PhilKabler on Twitter.

Recommended for you