HomeMy WebLinkAbout2024-03-20 AgendaPacket-City of Meridian Employee Benefits Plan Trust-March 20, 2024 11.00 AM City of Meridian Employee Benefits Plan Trust
Board of Trustees Meeting Agenda
Wednesday, March 20, 2024, 11:00 AM
33 E Broadway Ave, City Attorney's Office or Microsoft Teams
Link: https://teams.microsoft.com/l/meetup-
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Roll Call Attendance
Trustees
Bill Nary, Chair Christena Barney
Alex Freitag, Vice Chair Justin Northway
Eli Daniel
Regular Attendees
Cindy Tealey Destiny Bradley
Connie Weaver Dan Malloy
Scott Howell
Tasha Norman
Rick Gonzalez Debbie Hoopes
BUSINESS ITEMS
1. Approval of Minutes
A. January 21, 2024 Meeting Minutes
2. Reports (Action may be taken if necessary)
A. Monthly Experience Reports
B. Monthly Financial Reports
C. Quarterly Financial Reports
3. Discussion and Action Items
A. Post-Retirement Health Update
B. Payment of bills, if any
C. Blue Cross Updates, if any
D. Gallagher Updates, if any
4. Next Meeting Topics
S. Adjournment
E IDIAN
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AGENDA ITEM
ITEM TOPIC: January 21, 2024 Meeting Minutes
City of Meridian Employee Benefits Plan Trust
Board of Trustees Meeting Agenda
Wednesday February 21, 2024 11:00 A.M.
City Attorney's office or through
Microsoft Teams hyperlink (attached)
Click here to join the meeting
Roll-Call Attendance
Trustees
_X_Bill Nary, Chair _X_Christena Barney
X Alex Freitag, Vice Chair X Justin Northway
X Eli Daniel
Regular Attendees
X Cindy Tealey Destiny Calderwood
_X_Tasha Norman _X_Dan Malloy
X Scott Howell
Rick Gonzalez X Reba White
1. Approval of Minutes—January attached Motion by ED, Seconded by AF - Approved
2. Reports (Action may be taken if Necessary)
Monthly Experience Reports Note, there will still be run out on claims that will
impact the final YTD.
December: Medical - Experience was 73.46%, down from the previous month for
an average YTD of 91.93%.
Dental—Experience was 102.17%,up from previous month for an average YTD
of 90.86%.
Vision-Experience was 56.64%up from the previous month for an average YTD
of 78.08%.
Largest claim is at $185,956. Stop Loss is set at $225,000, with zero claims at or
over the set amount. As of December, reporting 5 large claims over$1 OOK.
Monthly Financial Reports December financials will be sent out as soon as they
are received from the accountant.
Quarterly Financial Reports Q4 due to DOI by end of February. Will send to
Board as soon as it is available.
3. Discussion and Action Items
A. Post-Retirement Health Update Sub group met with Liz Strader. Very
supportive. Gave her numbers to review, she asked good questions. Fundable
amount of money. She asked for the sub committee to provide information on the
Custodian of record, security agreement and credit worthiness. Next steps Bill to
meet with the Mayor. Also meet with the Fire Union President to provide heads
up, but they can not join as they are not on the City's medical plan that will be
funding a portion of the account.
Following those conversations, a presentation to Council will be slated for April
for Council discussion and approval of funding.
Be prepared with a communication plan outline. How are we going to
communicate the plan to employees.
B. Payments of bills, if any None
C. Blue Cross Updates, if any None
D. Gallagher Updates, if any Need Diabetic No-Copay document from BCI. BCI
will supply by end of day.
4. Next Meeting Topics None
5. Adjournment 11:19AM Motioned by ED, Approved to adjourn.