Adding to the state’s budget woes, PEBB will run out of money by the end of the decade unless it reins in spending or the state ups the amount it spends on the healthcare plans for state employees. The Legislature robbed PEBB of $120 million from its reserves to pay for other things in the 2015-2017 budget, and PEBB could soon be burning through $89 million a year of its reserves because of restrictions on state funding.
Dec 21, 2016