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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