The West Virginia Public Employees Insurance Agency voted last Friday to eliminate subsidized retirement health care for new hires in an effort to cut the state’s other post-employment benefits liability.

The PEIA currently subsidizes about 72% of a retiree’s health care costs. The cut will not affect the state’s current PEIA retirees. The state’s current OPEB liability is about $7 billion, according to the agency’s Web site.

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