By ANDREA LANNOM
CHARLESTON, W.Va. — A bill dedicating some General Revenue Fund surplus money into the Public Employees’ Insurance Agency Stability Fund will be up for passage Thursday in the House of Delegates.
The bill dedicates 20 percent of the surplus money at the end of the budget year to the PEIA fund, which was created by the Legislature in 2016 to offset increases in PEIA deductibles and out-of-pocket expenses. The remaining 80 percent of surplus funds would be split between the Rainy Day Fund and General Revenue Fund appropriation.
House Bill 4625 advanced an evening session after debating and rejecting an amendment by House Minority Leader Tim Miley that would dedicated 100 percent of surplus money into the Stability Fund until it reaches a $75 million threshold.
“The reason why I think this is important is because it shows a commitment to fix — if we can say that — the PEIA issue,” Miley said.
See more from The Register-Herald