Flexible Compensation Benefits Committee Meeting
Wednesday, July 13, 2005, 2:00 pm
Seretean Wellness Center
Minutes

Present:
Carol Moder (chair), Bob Oerhtman, Fran Stromberg, Brad Barnes, John Dalton, Robin Purdie, Terry Lehenbauer, Greg Fox, Paul Westhaus (guest)

1. Agenda approved


2. Approval minutes


3. Introductions of committee members and guest


4. Report from Human Resources (John Dalton)


1. Personnel assignments from HR are as follows:


1. Kay Ensign (Health Care Subcommittee)


2. Christa Witham (Cafeteria Plan)


3. John Dalton (RIOS)


2. Presented OSEEGIB information


1. Claim history for OSU and OSU system (2000-2003)


1. Questions were raised regarding what data were included in the “claims” column. Where is overhead accounted for?


3. American Fidedlity has presented a plan to HR for a “Smart Card” for standard Flex benefit withdrawals. The contract with AF has been on a year-to-year basis.


4. Long Term Disability


1. Overview presented with 2005 recommendations.


1. Option 1 presented with a 10% increase


2. Option 2 presented with a 21% increase and guarantees premiums for 2 years.


2. Motion to accept option 1 by Brad Barnes, second by Terry Lehenbauer


1. Discussion


2. Motion passed


5. Task Force Reports


Retirement (RIOS) Subcommittee

1. Carol Moder explained recommendations/handouts from RIOS


1. Recommendation #1: “RIOS recommends to FCBC that OSU accept all 33 funds on the attached list for all (three) categories of retirement accounts available at OSU.


2. Recommendation #2: “RIOS recommends to FCBC that OSU designate the Lifecycle funds as the default retirement vehicle, to replace Money Market fund, for employees not specifying a retirement plan preference at the time of hiring.”


2. Motion by Terry Lehenbauer to accept RIOS recommendations, second: Fran Stromberg
1. Discussion


2. Motion passed


2. Cafeteria Plan


1. Report from Bob Oehrtman on tuition waivers for employees


1. Prospectus presented based on current number of Payne county students enrolled


2. Discussion and committee decided to have formal recommendation ready for August meeting.


3. Health Care


1. Terry Lehenbauer presented minutes from subcommittee meeting dated, June 27, 2005.


2. Dr. Lehenbauer also presented, “Recommendations for Enhancing Wellness & Health Care for Employees of OSU.”


1. Moving forward: HR will provide some descriptive demographic data and the subcommittee will meet again for further discussion and formal recommendation by August general meeting. Further historical claims information is also needed from OSEEGIB. The committee will try to obtain that information before next meeting.


6. Announcements (Carol Moder)


1. Next meeting: August 17, 2005, 2 P.M. Seretean Wellness Center, conference room.


2. Motion to adjourn (Greg Fox, second: Brad Barnes)

Submitted 7/15/05, R. Purdie