Members Present:  Billie Blackburn, Nancy Clark, Greg Fox, A.B. Harrison, Sally Henderson, Anne Matoy, David Peters, Bob Reed, Fran Stromberg

Absent:  Billy Barfield, Jerry Brooks, Sandy Cooper, Mac McCrory (Robin Purdie), Ken Morris, Tom Poole, John Wilguess

Ad Hoc Members and Guests Present:  John Dalton, Barbara Wells, Robert Oehrtman

Meeting called to order by David Peters

            I.            Approval of agenda
                         a.  Motion to approve by Bob Reed; second by Greg Fox; passed.

            II.            Approve of Minutes of April 17, 2002
                        a.  Motion to approve by Greg Fox; second by A.B. Harrison; passed.

            III.            Human Resources Updates

                        a.  Life Insurance was discussed at OSU/A&M Fiscal Officers meeting in April.  Fiscal Officers were generally supportive, but concerned about any increase in benefits when budgets were being cut and suggested 1) delay until possibly January 1 after budget is more certain; 2) getting cost figures for $6,000 and $8,000 in addition to $10,000; and 3) asking American Fidelity if decision for additional retiree coverage could be made on an individual school basis.

                        Peters indicated he had not yet sent Committee recommendation to Vice President Birdwell but would do so now that minutes of previous meeting had been approved.  Oehrtman asked for copy of information supplied at last meeting.  Wells also provided a historical chart indicating when changes had been made.  Wells also explained that at retirement, retirees are able to convert existing coverage to a private plan, but it is costly.

                        b.  Transferring Police Officers to OLERS – Matoy indicated that we will ask the Board of Regents to approve a change in retirement as permitted by last year’s legislative session to move police officers to OLERS from OTRS.  Current police officers will have an option to change; new police officers will be ineligible for OSU 7-11 plan and will be enrolled in OLERS.  OSU will pay 10% employer contributions; police officers will pay 8% member contributions.  Group meetings are being scheduled prior to June Board.  Individual sessions will be available in July.

            IV.            Task Force Updates

a.       Retirement – Task Force presented recommendation for addition of 457 plan and removal of sick leave maximum.  Peters asked Dalton to bring summary of plan and “costs” to next meeting.

                        Dalton indicated task force was looking at best case retirement scenarios and determining what data would be helpful in order to evaluate suggested programs.  Fox indicated we should continue to move forward.  Matoy updated committee on legislation possibilities to get OSU out of OTR and address the inequity of the three-tiered retirement calculation (pre 95, 95-07, post 07) compared to same contributions for a common school employee.

                        b.  Cafeteria Plan/Leave – Nancy Clark reported that the task force was gathering ideas for a different leave program.  Several concepts were being discussed including paid (personal time off), suitable caps, short-term disability insurance, and a sick bank.

                        Matoy asked Peters if plans had been finalized for presentation of the flex recommendation to campus groups.  Peters indicated that they were on the agenda for June 19 for the Administrative Officers meeting and working on meetings with SAC, FC, and the University Budget Committee.  He said that all groups have received a copy of the recommendations.

            V.            Announcements

a.  Next meeting will be held at OSU-Tulsa, Executive Board Room, Administration Hall, Wednesday, June 19, at 2:00 p.m. Please note time change to help accommodate those wishing to ride OSU Transit.  Notify Nancy Clark by June 10 if you need a bus reservation.

                        b.  Elections of new officers on June 19 – Recommendations and volunteers notify Peters.

Motion to adjourn by Sally Henderson; second by Billie Blackburn; passed.