Faculty Benefits Committee
Monday, September 20, 2010
8:30 – 10:00 AM, OHR Conference Room
Present: Bettina Cothran (Chair), Wayne Book, Richard Dagenhart, Dave Millard, Sharon Ray, Teresa Snow & Vytautas Valencius (Student Rep.).
Absent: Barry Sharp
Minutes from 8/30/10 were reviewed and approved.
Introductions were made as new student representative, Vytautis Valencius, joined the FBC.
FBC reviewed annual report. There were a few proposed changes.
Action Item— Bettina Cothran noted the changes. She will revise and sent out to FBC for further review.
Sharon Ray : 2011 Benefits Enrollment
Open enrollment will take place from Oct 25-Nov 19.
Benefits fair will be held Nov 3.
New Design for Benefits Packet was shared with FBC. Packets will be mailed out in October.
Sharon Ray: Donated Leave Program
Donated leave program will begin Jan 1st. The final version of the donated leave policy was shared with FBC.
Wayne Book: Health Care Cost Benefit at GT`
Wayne Book brought up recent article in AJC that stated GT healthcare benefit costs are higher compared to other USG schools.
Sharon Ray stated that the cost is 70/30, which is competitive.
Bettina Cothran: Potential Change in FBC Committee Structure
New election will come out in spring.
Action Item—Bettina Cothran will continue to follow up with Ron Bohlander regarding voting process and potential enlargement of FBC to include staff representation.
Sharon Ray: Investment Committee
Investment Committee for the 403(b) plan will meet to review fund performance and fund options.
OHR will select individuals on campus to serve on Investment Committee with particular expertise.
It was decided that Wayne Book will serve as the FBC committee rep. Other FBC members with an interest are also invited to attend.
Bettina Cothran: Pension Plan
Betting Cothran brought up issue regarding the state of our pension plan. Currently three states are trying to reduce payout.
Some states have included current employees in changes. Others have increased the age of retirement.
Currently, there have been no indications of a policy change with respect to Georgia’s pension plan.
Action Item—FBC will continue to monitor situation closely.
Schedule of FBC Meetings for Fall Semester
Monday, October 11, 8:30 – 10:00
Monday, November 15, 8:30 - 10.00
All meetings will take place in the OHR conference room unless otherwise specified.