Employee Benefit Trust Minutes - 12/03/2004A
CITY OF WICHITYA FALLS
EMPLOYEE BENEFITS TRUST ME
December 3, 2004
CLERK'S OFFICE
Date
Present: Bill Sullivan, Chair
BY Q, Time lSf�m
James Berzina, City Manager
Jim Dockery, Director of Finance _
Jan Stricklin, Director of Administrative Services
Gail Gannon, Employee Benefits Coordinator
The meeting was called to order by Bill Sullivan at 9:00 AM.
A motion was made and seconded to accept the minutes of the last meeting with one
correction.
Agenda Items:
Approval of Annual Stop Loss Agreement
Jan Stricklin presented the proposed Stop Loss Agreement for 2005. It was noted that the
contract had gone out for bids with J. Allan Hall & Associates being the only bid
received. Ms. Stricklin explained the three different proposed options and the differences
to each one. She explained that J. Allan Hall is the current stop loss carrier and that the
Trust currently pays around $358,000. for a $150,000. specific. The proposed $150,000.
specific proposal is for $388,000. a $30,000. increase. Jim Dockery discussed the
advantages and disadvantages of staying with the $150,000. specific vs. $175,000. or
$200,000. He stressed that only two people had gone over the specific limit during the
contract year that just ended and believed the Trust would be safe in going with the
$200,000. specific at an approximate cost of $300,000.
Jim Dockery made a motion to approve the contract with J. Allan Hall for the $200,000.
specific. Jan Stricklin seconded the motion. Motion carried.
Discussion of Iowa Park Employee Benefits Trust
Jan Stricklin explained to the Board that the City of Iowa Park currently pays $11,000 per
year for the administration of their trust. Additionally, they pay $3.50 per employee per
month for time share on the claims adjudicating system and that only about 60 -70 claims
per months are processed for their group.
Old Business
There was no old business.
New Business
There was no new business.
The meeting was adjourned at 9:55 AM
Respectfully submitted,
Gail Garmon
Employee Benefits Coordinator