WVML Press
The Select Committee on PEIA, Seniors and Long Term Care met during the August Interim period to discuss benefits of retirees and costs associated with them. Mr. Ted Cheatham, Director of PEIA, stated that a trust fund being set up to help pay for health care coverage for state employees hired after July 1, 2010 could be worth an estimated 330 million with interest and earnings by the time retirees become eligible in 2040.
Eventually the fund would have to support between 40,000 and 50,000 retired employees and Cheatham explained that he didn't feel that the funding would be sufficient.
The Joint Finance Subcommittee B met during the August Interims and discussed the impact that Marcellus Shale is having on local economies.
Ms. Patti Hamilton addressed the committee and stated that one of the impacts that is taking place is that local governments are losing out on tax dollars due to current language in the State Code regarding the Hotel/Motel Tax which prevents the collection of the tax for individuals that stay in Hotels/Motels longer than 30 days.
Mayor Barbara Metcalfe of Pleasant Valley will address the subcommittee during the September Interim Meetings to provide an in-depth view from the city perspective.
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