HomeMy WebLinkAbout2025-05-29 AgendaPacket-City of Meridian Employee Benefits Plan Trust Special Meeting-May 29, 2024 11.00 AM City of Meridian Employee Benefits Plan Trust
Board of Trustees Special Meeting Agenda
Note: The Regular Meeting of the City of Meridian Employee Benefits Plan Trust
scheduled on May 15, 2024 has been canceled.
Notice of Special Meeting as follows:
Wednesday, May 29, 2024, 11:00 AM
33 E Broadway Ave, Meridian ID 83642
City Attorney's Office or
Join online: 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. Approval of April 17, 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. Rate Discussion for 2025
B. Post-Retirement Health
C. Payment of Bills, if any
D. Blue Cross Updates, if any
E. Gallagher Updates, if any
4. Next Meeting Topics
S. Adjournment
E IDIAN
'aAHO
AGENDA ITEM
ITEM TOPIC: A. Approval of April 17, 2024 Meeting Minutes
City of Meridian Employee Benefits Plan Trust
Board of Trustees Meeting Agenda
Wednesday April 17, 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
O Eli Daniel
Regular Attendees
X Cindy Tealey O Destiny Calderwood
X Tasha Norman _O Dan Malloy
X Scott Howell
O Reba White
1. Approval of Minutes—Attached Motion CB, second AF, all ayes—Approved.
2. Reports (Action may be taken if Necessary)
Monthly Experience Reports
February: Medical - Experience was 97.36%, up from the previous month for an
average YTD of 86.46%.
5 Large Claims< $75,000. Several of these will be ongoing and will continue to
rise. Gallagher will continue to monitor as we move through the year. One a
positive note, we are no longer seeing Stellara as our#1 large claim due to the
Cost Relief Program.
Dental—Experience was 76.68%, down from previous month for an average YTD
of 83.13%.
Vision- Experience was 102.90%up from the previous month for an average
YTD of 97.55%.
Monthly Financial Reports February Financials sent to board on 4/15/24.
Quarterly Financial Reports Q4 2023 sent to Board 3/20/24.
2023 Governance Letter, Final Financials and Audit Statement sent to Board on
4/15/24.
3. Discussion and Action Items
A. Post-Retirement Health Update On hold until renewal is received and budget
discussions begin. Legislature decisions have impacted revenue streams for the
City.
B. Plan changes for 2025 Benefits Committee discussion options for medical weight
loss, fertility, reduced co-pays for PT, orthodontics for Delta Dental.
C. Payments of bills, if any None
D. Blue Cross Updates, if any None
E. Gallagher Updates, if any None
4. Next Meeting Topics None
5. Adjournment 11:15AM Motioned AF, CB seconded, all ayes—Approved.