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West Virginia House Committee eyes Rainy Day Fund for PEIA boost

Staff reports

The Parkersburg News and Sentinel

West Virginia House of Delegates Finance Committee Chairman Eric Nelson, R-Kanawha, 
(Photo by West Virginia LRIC)

CHARLESTON, W.Va.  — The House of Delegates Committee on Finance Wednesday originated and approved a bill that would immediately transfer $29 million from the state’s Rainy Day Fund to the Public Employees Insurance Agency to guarantee there would be no changes to employee health care programs for the coming fiscal year.

“This bill demonstrates this Legislature’s commitment to ensuring there be no changes to public employees’ PEIA plans in the coming year,” said House Finance Committee Chairman Eric Nelson, R-Kanawha. “Transferring this money now will ensure there are no changes to employees’ co-pays, deductibles and out-of-pocket expenses in the coming fiscal year.”

The Finance Committee on Wednesday morning originated House Bill 4620 to immediately transfer the $29 million needed to ensure there are no changes to PEIA in the coming year from the Revenue Shortfall Reserve Fund, which along with the separate Revenue Shortfall Reserve Fund-Part B are known generally as the state’s Rainy Day Fund.

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