Faculty Benefits Committee Meeting Minutes
February 19, 2008, 9:30 – 11:00 AM
Present: Bettina Cothran, Blair Funderburk, Clint Demetriou, Matthew McDowell, Barry Sharp, Teresa Snow
Absent: Chuck Donbaugh, Barbara Henry, Linda Mitchell, Lee Sheiner
· Meeting minutes from 1/22/08 were reviewed and approved.
· Bettina Cothran—Update on status of new childcare facility
o Yvette Upton, Director of the Women's Resource Center, recently led a graduate student forum and they were very concerned about childcare issue. Bettina Cothran suggested speaking to students and inviting Provost to attend meeting.
o Chuck Donbaugh is speaking to Horizon to try to work out solution.
o Currently, funds for new facility have been put on hold until new fiscal year.
o Bettina Cothran stated that maternity benefits at other universities typically offer reduced childcare.
· Clint Demetriou—update on total compensation study.
o Meeting with steering committee this Thursday
o Currently all active vendors have been contacted for input—5 have responded
o Goal is to get input as to how we should position 403B.
o Barry Sharp inquired as to who didn’t respond.
o Clint commented that American Funds had not responded—however, they may be getting out of the 403B’s since they were put on the inactive list in the Fall of ‘07.
o Action Item –Clint Demetriou will present preliminary results of compensation study.
· Long Term Health Insurance Update
o Clint Demetriou stated that recommendations will depend in part on compensation study
o Bettina Cothran commented that long term health insurance would be more of a service on the part of Georgia Tech. Costs would be primarily administrative.
o Barry Sharp inquired as to where Georgia State University stands with respect to long term health insurance.
o Blair Funderburk stated that program had been implemented and the GSU was continuing to enroll particpants.
o Barry Sharp asked about whether it was at a discounted rate.
o Blair Funderburk stated that rate might be discounted 10-12%, but that enrollment for the employee was guaranteed (typically spouse may have to go through medical evaluation). So underwriting is probably more important.
o Clint Demetriou asked if you can carry policy with you if you leave, which Blair Funderburk affirmed. You can continue policy without rate increase.
o Barry Sharp stated that a number of people had asked him questions about long term health insurance.
Changes in Health Care Insurance
o Bettina Cothran stated that there is a need for information sessions especially with regard to the new high deductible health insurance plan.
o Clint Demetriou stated that as of the present, the Board of Reagents had gone out on bid for healthcare insurance and that the landscape may change.
o Action Item –(April 22nd ) committee will get update from John Grovenstein on health insurance status
· Currently recruiting new faculty for committee to replace Dale Atkins who has retired
· Tuesday, April 1 – Procurement Office Admin. Conference Room
· Tuesday, April 22 – OHR Conference Room