For the third year in a row, the PEIA Financial Board tentative adopted a plan that feature no changes in benefits or premiums, the Charleston Gazette-Mail reports.
That will cover the 2021-22 fiscal year, but a warning was sounded for the following years — the PEIA financial plan projects the need for an 8.4 percent increase in 2022-23 and a 14.4 percent hike in 2023-24.
Ted Cheatham, executive director of the PEIA, said the increases could be offset by the PEIA Rainy Day Fund, which has $105 million. That fund was set up in 2019.
The PEIA Task Force, set up to help settle the 2018 teachers’ strike, has not met since January 8, 2019.