NJSIG Board of Trustees Meeting September 16, 2020

In accordance with the Sunshine Law and N.J.S.A. 10:4-10, due notice of all pending meetings was given to the Atlantic City Press, Newark Star Ledger, and Trenton Times on September 11, 2020. Copies of these notices are on file with the New Jersey Secretary of State.

Groups audience:

Board Meetings

2. Roll call

Stephanie Brown, Ed.D.	Irene Le Febvre	Christopher Russo, Ed.D.
Thomas F. Connors, Ph.D.	Joseph Meloche, Ed.D.	Josephine Sharpe
James J. Jencarelli, Jr.	Steven K. Robinson	Dana Sullivan

Groups audience:

Board Meetings

3. Acceptance of the public and executive session minutes for July 20, 2020.

Public Attachments:

3. 2020.7.20 - Public Session Minutes v2.pdf

Groups audience:

Board Meetings

4. Public participation

Opportunity for public to address the NJSIG Trustees regarding specific agenda items. Each person will have five minutes to speak.

Groups audience:

Board Meetings

5. Sub-fund Liaisons

Reports/Comments

Groups audience:

Board Meetings

6. Reports

A. Executive Director Report Jill Deitch

B. Accounting/Finance Report Michele Carosi

C. Safety & Risk Control/Client Relations Report Debra Rice

D. Underwriting Report Claire King

E. Claims Report Sherwin Archibald

F. Information Technology Report Jeff Cook

Public Attachments:

6A. 2020.9.9 Executive Director Report 9-10-20.pdf

6B. 2020.09 Accounting-Finance Report.pdf

6C. 2020.09 Client Relations Safety & Risk Control Report.pdf

6D. 2020.09 Underwriting Report.pdf

6E. 2020.09 Claims Report.pdf

6F. 2020.09 IT Report.pdf

Groups audience:

Board Meetings

7. Discussion items

A. Risk Based Capital/Surplus Study Guideline Michele Carosi
B. WTW - net liabilities (reserve) study, presentation Stacy Mina, WTW
C. Korn Ferry – total remuneration study (incl. benefits) Jill Deitch

Public Attachments:

7A. Risk Based Capital-Surplus Study Guideline Discussion Item 06-30-2020.pdf

7B. WTW Net liabilities (reserve) study, presentation.pdf

Groups audience:

Board Meetings

8. Action items

A. WTW Net liabilities (reserve) study, adoption (NJSIG No. 0920-1) Michele Carosi

B. Refund of member contributions, COVID-19 (NJSIG No. 0920-2) Michele Carosi

C. Safety grant declaration (NJSIG No. 0920-3) Michele Carosi

D. Trustee committee assignments (NJSIG No. 0920-4) Jill Deitch

E. 2020-2021 Meeting dates (second reading) (NJSIG No. 0920-5) Jill Deitch

F. Contracting:

1. Payroll admin. database software & servs. (NJSIG No. 0920-6) Michele Carosi

2. Outside counsel school/educ. lit. (NJSIG No. 0920-7) Sherwin Archibald

G. Checking accounts and new claims ratification (NJSIG No. 0920-8) Michele Carosi

H. Cash management and investment plan (NJSIG No. 0920-9) Michele Carosi

Public Attachments:

8A. Resolution NJSIG No. 0920-1 WTW Net liabilities (reserve) study, adoption.pdf

8B. Resolution NJSIG No. 0920-2 Authorizing the Issuance of Initial Member Refunds.pdf

8C. Resolution NJSIG No. 0920-3 Safety Grant Action Item.pdf

8D. Resolution NJSIG No. 0920-4 Trustee committee nominations.pdf

8E. Resolution NJSIG No. 0920-5 2020-2021 Meeting Dates (second reading).pdf

8F1. Resolution NJSIG No. 0920-6 Payroll administration database software and services resolution.pdf

8F2. Resolution NJSIG No. 0920-7 Outside Counsel.pdf

8G1. Resolution NJSIG No. 0920-8 Checking accounts and new claims ratification.pdf

8G2. July 2020 Operating Account Check Register.pdf

8G3. July 2020 NJSIG Claim Account Check Detail.pdf

8G4. July 2020 New Claims Reported.pdf

8G5. August 2020 Operating Account Check Register.pdf

8G6. August 2020 NJSIG Claim Account Check Detail.pdf

8G7. August 2020 New Claims Reported.pdf

8H. Resolution NJSIG No. 0920-9 Cash Management and Investment Plan.pdf

Groups audience:

Board Meetings

9. New business

Groups audience:

Board Meetings

10. Executive session

EXECUTIVE SESSION RESOLUTION

WHEREAS, N.J.S.A. 10:4-6 et. seq., (“the Open Public Meetings Act”), authorizes public entities to meet in executive session under certain circumstances; and

WHEREAS, the Open Public Meetings Act requires that the Group adopt a resolution at a public meeting to go into private session; now, therefore,

BE IT RESOLVED by the Board of Trustees of the New Jersey Schools Insurance Group that it is necessary to meet in executive session to discuss certain items involving:

A. Litigation;

B. Matters involving attorney client privilege.

BE IT FURTHER RESOLVED that any discussion held by the Board of Trustees which need not remain confidential will be made public as soon as feasible. The minutes of the executive session will not be disclosed until the need for confidentiality no longer exists.

FURTHER RESOLVED that the Board of Trustees will not return to open session to conduct business at the conclusion of the executive session.

Groups audience:

Board Meetings