HomeMy WebLinkAbout2022-01-19
City of Meridian Employee Benefits Plan Trust
Board of Trustees Meeting Agenda
Wednesday January 19, 2022, 11:00 A.M.
City Attorney’s office or through
Microsoft Teams hyperlink (attached)
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11:00AM Roll-Call Attendance
__X___ Bill Nary, Chair __ X ___ Christena Barney
__X ___ Alex Freitag, Vice Chair _____ Eric Strolberg
__ X ___ Eli Daniel
Regular Attendees
__ X ____ Cindy Tealey _____ Jen Henry
__ X ____ Connie Weaver _ X ____ Dan Malloy
__ X ____ Scott Howell
______ Justin Northway
1. Approval of Minutes – Attached CB/AF
2. Reports (Action may be taken if Necessary)
Monthly Experience Reports Medical running at 106%+ at end of November,
Dental and Vision running at 94-95%.
Monthly Financial Reports Accountant working through year-end. Will be a
couple weeks before the December reports are complete.
Quarterly Financial Reports Waiting to close out December and for rebates
from BCI. Should have a report to review at the next meeting.
3. Discussion and Action Items
A. Payments of bills, if any None
B. Retiree Benefits/HRA Assessments update Currently with the Compensation
Committee. In the event funding is needed from the Trust it will come back to the
Trustees for discussion.
C. Messaging from Trustees to Employees, pending Bill will work with Christena.to
craft a message for the Trustees to review at the next meeting.
D. DOI Surplus Deficit Letter Update Working with Gallagher and the DOI to find
out what the deficit actually is and what needs to be done to resolve in the future.
Additionally we are working with the City to possibly obtain AARPA funding for
COVID related claims.
E. Dependent Audit Discussion Gallagher has obtained proposals from 3 vendors
that perform this service. Two are similar in cost ($10-12K) and methodology
utilizing call centers. The third, is at no cost can be a combination of in-person
and call centers. The hitch is it would need to come along with a new voluntary
benefit (supplemental coverage, i.e. AFLAC). Gallagher can send the proposals
over for review.
F. Blue Cross Updates, if any No updates. Follow-up from Benefits Committee,
ordering reporting for CCO and Cost Advisor.
G. Gallagher Updates, if any No updates.
4. Next Meeting Topics Dependent Audit, Messaging from Trustees, DOI Surplus Deficit
Letter
5. Public Participation None.
6. Adjournment 11:23AM ED/AF