PEIA Premium Offset Salary Adjustment
OVERVIEW
In response to recent increases to West Virginia Public Employees Insurance Agency (PEIA) insurance premiums for Plan Year 2024, West Virginia University is adjusting the base salaries for employees who carry PEIA health benefits, effective Sunday, Aug. 13.
Increases through WVU’s PEIA Premium Offset Salary Adjustment will be reflected on the Sept. 8 pay statements for employees who meet eligibility requirements, which include:
- The employee must be in a WVU benefits-eligible faculty, FE/AP, non-classified or classified position*.
- The employee must have elected to carry PEIA/Health Plan insurance with WVU as of July 1, 2023.
- The employee must be on WVU payroll as of June 30, 2023, and remain on payroll through Aug. 13, 2023.
These salary adjustments are being financed using money provided by the state to offset PEIA insurance premium increases for state employees.
Eligible WVU faculty and staff will receive the difference in their premium increase based on the July 1, 2023, enrolled plan rates from FY2023 to FY2024 up to a maximum of $1,000. The offset in premium salary adjustment will not include the PEIA spousal surcharge and will not consider the tobacco-free discount.
Faculty and staff who are receiving a salary adjustment will get an email to their WVU account from Benefits Strategy (centralba@mail.wvu.edu) on Monday, July 31 with more information.
* Due to the unique nature of their compensation structures and employment agreements, WVU’s PEIA Premium Offset Salary Adjustment is not available to WVU Research Corp. employees, medical, dental and pharmacy residents, as well as clinical faculty who have a dual employment relationship with WVU Medicine.
TIMELINE
The following timeline includes important dates and proactive steps employees who are receiving a salary adjustment are encouraged to take throughout the coming weeks:
|
Action |
Date |
|
Review your current base salary in the Applaud HR system by following these instructions. |
Prior to Wednesday, Aug. 9 |
|
Determine your annual health insurance premium increase by reviewing this page. |
August |
|
Effective date of the premium offset salary adjustment. |
Sunday, Aug.13 |
|
Review your adjusted salary in Applaud by following these instructions. Note: Only your current salary information is displayed in Applaud. Therefore, you will be unable to view your prior salary information in Applaud after Aug. 9. |
Monday, Aug. 14 |
|
First pay statement to reflect the premium offset salary adjustment. |
Friday, Sept. 8 |