SB1013 SFA Hall 6-14 #2

Sutherland 7932

Senator Hall moved to amend the bill on page one hundred twenty-nine, after item 237, by adding a new item, designated item 238, to read as follows:

238 – State Budget Office

Public Employee Insurance Agency Financial Stability Fund

(WV Code Chapter 11B)

Fund 7401 FY 2017 Org 0703

Retiree Premium Offset……………………….…………….……       80101      $       5,000,000

PEIA Reserve………….……………………….…………….……       80102      $      10,000,000

            Total………………………………………………………..                        $      15,000,000

            The above appropriation shall be transferred to special revenue fund to be utilized by the West Virginia Public Employees Insurance Agency for the purposes of permitting the PEIA Finance Board to offset $5 million in retiree premium increases.  Additionally, $10 million will be put into a reserve fund to stabilize and preserve the future solvency of PEIA.  Such amount shall not be included in the calculation of the plan year aggregate premium cost-sharing percentages between employers and employees.;

By renumbering the remaining items of appropriation accordingly;

And,

On page one hundred forty-five, item 281, line fourteen, by striking out “1,965,026,910” and inserting in lieu thereof “1,980,026,910”.

Adopted

Rejected