HomeMy WebLinkAbout2020-08-27City of Meridian Employee Benefits Plan Trust
Board of Trustees Meeting Agenda
Wednesday August 2 7, 2020, 1:00 P.M.
HR Conference Room
https://global.gotomeeting.com/join/285041021
Roll-Call Attendance
__X__ Bill Nary, Chair __X__ Christena Barney
__X__ Alex Freitag, Vice Chair __X__ Eric Strolberg
__X__ Clark Mullin, BCI __X__ Daniel Malloy, BCI
1. Approval of Minutes – Attached Approved
2. Reports – Monthly Experience Reports Medical is starting to level back off after a spike
last month. Claims are running at 81.1% of paid contribution as of July resulting in
approximately $618K in savings. In large part due to the COVID-19 pandemic.
Expecting a spike in claims later in the year.
Monthly Financial Reports
Quarterly Reports N/A
Reviewed All Monthly Reports
3. Action Items
A. Payments of bills, if any N/A
B. Review of Final Rates for 2021 Approved
C. Review and Approve documents for submittal to the Department of Insurance
Tabled to September MeetingCombined with Item 3.D. and approved by the
board.
D. Dental/Vison Self-Funding status Approved
E. Clarification on Monthly report to HR and Finance N/A Board would like to be
copied on correspondence to the Finance department related to the trust.
Specifically during the annual budget cycle.
F. Monthly Calendar of Events Informational. Provided by HR for Trustees to
review. Board was asked to contact Christena if any changes are needed.
4. Discussion Items
A. Discussion regarding 5th Trustee
Will bring up at a Benefits Committee Meeting and invite any members of that
group to attend the Trustee meetings to see if they would be interested.
B. Next Meeting Topics
i. Review and Approval of any Trust documents
ii. Dental/Vision Self-Funding Status
i.iii. Standing items: 1, 2, 3.A. above
5. Public Participation
BCI Rep Clark Mullin introduced Dan Malloy to the Trustees. Clark will be transitioning
to a new positions and Dan will be the City’s rep in the future.
6. Adjournment approximately 1:20.