HomeMy WebLinkAbout 08-21-2013 EMPLOYEE BENEFITCITY OF CALDWELL
EMPLOYEE BENEFIT PLAN
TRUSTEE MEETING
HELD ON AUGUST 20, 2013
The meeting was called to order at 2:30 p.m.
Those in attendance: Monica Jones, E1jay Mary -Kaye Stewart, and Councilman
Hopper
DISCUSSION ITEMS):
As of June 30, 2013, trial balance and bank balance is $690,058. Reported
revenues were $2,071,218 and reported expenses were $2,000,221. Lois at Mercer
is working with Blue Cross to get the quarterly IBNR. Financial reports were
reconciled and balanced.
E1Jay reported that the Department of Insurance regulations changed 7/1/2013
in which the City is required to establish and maintain its trust fund surplus
equal to at least 3 months of contributions for the current plan year or 110% of
the difference between the total aggregate stop4oss attachment point plus costs
of operation and the total expected contributions for the current plan year. Lois
at Mercer will be getting this number for us.
• E1Jay reported that Council approved allocating the funds in Fund 85 and Fund
86 for the employee HRA VEBA post retirement account.
• Regence BlueShield has recommended the City accept the Preventative Care
coverage as outlined in the Healthcare Reform Act.
• Mercer will direct bill for its monthly commission of $2,083.33.
• Monica reported on the upcoming Health & Wellness Fair to be held on October
17, 2013 at 7;30 a.m. West Valley will be conducting the blood draw for the City's
- Wellness Incentive Program.
MOVED by Monica, SECONDED by F1Jay to adjourn at 3:22 p.m. Our next meeting is
scheduled for October 15, 2013 at 2:00 p.m.
Those voting yes: Unanimous.
MOTION CARRIED