POOLED INSURANCE PROGRAM OF NEW JERSEY
MINUTES
BOARD OF TRUSTEES
September 19, 2017
Montville Inn
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The September 19, 2017 Board of Trustees meeting of the POOLED INSURANCE PROGRAM OF NEW JERSEY, was called to order by the Barbara Francisco, Chairperson, 11:30 AM at Montville Inn. Open Public Meeting Act read into Minutes by Chairperson, Francisco
ROLL CALL OF TRUSTEES:
CHAIRPERSONWEST MILFORD BOEPRESENT
BARBARA FRANCISCO
VICE CHAIR/SECRETARY
KERRY KEANEKINNELONBOEPRESENT
RENEE TAVENIEREPOMPTON LAKES BOEPRESENT
KATHY BECHTELPEQUANNOCK TWP BOEPRESENT
WILLIAM MOFFITTHOBOKEN BOEPRESENT
KATHRYN DAVENPORTLAKELAND REG BOEPRESENT
DONNA FELEZZOLABERKELEY HEIGHTSABSENT
MEMBERSHIP ATTENDANCE
Robin TedescoParsippany-Troy HillsPresent
George HaglBloomingdale BoardAbsent
Manal FouadJefferson Twps. BoardPresent
Kathy BechtelPequannock Twps. BoardPresent
Janet BehrmannUnion County Vo TechAbsent
Colin MonahanPassaic Valley Reg. BOEAbsent
Cheryl SchneiderMillburn BoardAbsent
Jayson GutierrezRiverdale BOEPresent
Damaris GurowskyDenville BOEPresent
Michael DevitaCedar Grove BOEPresent
Ed Appleton, InterimClifton BOEAbsent
Minutes 9/19/17
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FUND PROFESSIONALS PRESENT
FUND ADMINISTRATORBURTON AGENCY INC.
Debra Ginetto
INSERVCONancy Fowlkes
Pam Gibson
Chuck Baker
TREASURERAbsent
BROKERWILLIS Insurance Services
John Moore
John Redmond
RISK MANAGERSLinda D’Alessio
Lee Nestel
Lindsey Klein
Bob Searle
Maria Makos
AUDITORAbsent
Nisivoccia & Co.
FIRST MCOKaren Workman
ATTORNEYJohn Geaney
Carl Wright
OTHERS PRESENT
Ucci, Clifton BOE
MOTION WAS MADE TO APPROVE THE MINUTES OF JUNE 13, 2017
MOVED:Kathryn Davenport
SECONDED:William Moffitt
VOTE:Unanimous
Minutes 9/19/17
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MOTION TO APPROVE THE June, July and AugustTREASURER’S REPORT AND BILLS LIST
MOVED:Kathy Bechtel
SECOND:Kerry Keane
VOTE:6Yeas0 Nays0 Abstentions
EXECUTIVE DIRECTOR’S REPORT
Review of Paid and Reserve in Agenda. Fund is looking at an average of a 45% return for last 4 years. Overall average return for last 8 years is 53%. That is in addition to the upfront discount.
Payroll information for 2016-2017 was reviewed and due by December 1, 2017
Only Template is being required this year.
WC reporting procedures were reviewed
PRESENTATION BY JOHN GEANEY
Power point presentation on “How Do Permanency Awards Get Decided and What Can Boards of Education Do to Reduce Exposure”
Full presentation is available upon request.
INSERVCO
Nancy distributed the 5 Year Annual Claims Report to the membership.
Everyone should take some time to review the book to see how they are doing individually and how they compare to the Fund as a whole.
Our Indemnity and Medical average is well below the national average which is great.
If you have repeat WC offenders, they are located in the last couple of pages in the report.
Chuck Baker presented a power point presentation on “WC Claims Trending, 2016-2017”. Full report is available upon request.
WILLIS Insurance Services
Policies were distributed. Schedule of Insurance was noted.
Review of Reductions/Enhancements of Coverage, New Helpline number was noted as part of the binder and a reminder that a Board can pre-approve their attorney for School Board Legal type claims on a case by case basis.
2018-2019 the Fund has a not to exceed 2% rate lock on the Package Policy through
American Alternative.
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SAFETY REPORT
Linda D’Alessio distributed information on Safe Schools online program.
FIRST MCO
Kelly reviewed first quarter reportswhich were sent out electronically before the meeting.
OLD BUSINESS
NEW BUSINESS
MOTION TO ADJOURN MEETING
MOVED:Kathy Bechtel
SECOND:Renee Taveniere
VOTE:UNANIMOUS
MEETING ADJOURNED: 1:00 PM
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Barbara Francisco, ChairpersonDate
Minutes 9/19/17
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