Everett School Employee Benefit Trust – Overview

     

     


    General Information 2008-2009

     

    Board of Trustees

    Betsy Selders, Chairperson – Whittier ES Teacher

    Molly Ringo, Secretary – Executive Director Area 2

    Michael Gunn – Chairperson

    John Morrill – Pilchuck Uniserv Council

    Susan Lindsey – Jackson ES Teacher

    David Jones – Cedar Wood ES Principal

     

    Trust Administrator

    Darla Van Duren – District Accountant

     

    Trust Recorder

    Susan Sacha – Executive Staff Assistant

     

    District Staff

    Lynn Evans – HR Executive Director

    Randi Seaberg – HR Director

    Beverly Rogers – Payroll Manager

    Vickie Loyola – Payroll Technician

    Arlene Vollema-Rich – Benefits Technician

    Rene Boswell – Benefits Technician

    Gail Buquicchio – Wellness Coordinator

     

    Other

    Stop Loss Insurance – SunLife

    Fiduciary Insurance – Chubb Group

     

    Investment Manager and Banker

    Morgan Stanley/Smith Barney (City Group) – Curt Haldorson

     

    Investment Consultant

    Hyas Group, Jason Davidson

     

    Auditors

    Toyer & Associates

    Richard Toyer, Heather Schneider

     

    Insurance Consultant

    Mercer Human Resources Consulting

    Tom Pursley (client manager), Sean White, Janice Heller (financial analyst)

     

    Attorney

    Stoel Rives – Melanie Curtice, Howard Bye



    Basic Benefits – Paid by District & Employee

     

    Medical (includes prescription and vision):

    PPO Plan 1 – Administered by HMA (HealthCare Management Administrators)

    PPO Plan 2 – Administered by HMA

    PPO Plan 3 – Administered by HMA

    Group Health Cooperative HMO (Health Maintenance Organization)

    PacifiCare MCO (Managed Care Option)

     

    Prescriptions included with above:

    ESI (Express Scripts Inc) w/PPOs

    Walgreen HealthCare Plus – mail order w/PPOs

    Prescription Solutions w/PacifiCare

     

    Dental:

    Washington Dental Service

    Willamette Dental Plan

     

    Long Term Disability – Standard Insurance Co

     

    Life Insurance – MetLife

     

    Accidental Death and Dismemberment Plan – MetLife

     

    Employee Assistance Program – Magellan Behavioral Health

     

    Nurse access care line – Magellan

     

    Tobacco cessation – Free & Clear

     

    Weight management – Sound Health Solutions

     

    Home visits – Carena Urgent Care

     

    Health risk assessment, lifestyle coaching & web portal administration – Health/Force & Wellsource Health Solutions

     

     

    Optional Benefits – Paid by Employee:

    Additional Optional Life Insurance

    Add medical/dental coverage for spouse/partner/family

    Voluntary Short Term Disability Insurance (Salary Insurance) – Standard Insurance Co.

    Long Term Care Plan – Unum

    COBRA – Continuation of Benefits

     

     

    Benefits managed by the District (not by the ESEBT):

    Flexible Spending Accounts (FSAs – Dependent Care & Health Care)

    Tax Sheltered Annuity Plan



    US Savings Bonds

     

    Cash Flow into the Trust:

     
    · The State pays an allocation to the District of approximately $732 (08-09) per month per FTE (per S275) for health care, and the District provides this entire amount to the Trust each month. In addition, the District provides the Trust with $732 per FTE for all employees the State does include in their calculations. The District even pays for those employees with less than .333 FTE and employees that do not elect to have health benefits through the Trust. The net result is the District pays the Trust approximately $732 per FTE for all employees of the District.


     
    · The District provides the entire amount ($732 per month per FTE) to the Trust each month.


     
    · Employees pay (through payroll deductions) approved amounts into the Trust each month for plan and options chosen. Generally, employee contributions for Group Health and PacifiCare plans are more than the actual costs, and employee contributions are less than the actual costs for the PPO plans.


     
    · The Trust’s fiscal year = July 1 to June 30


     

     

    In addition, per the collective bargaining agreement with the EEA:

     
    · The District contributed $750,000 in 08-09.


     
    · The District pays the retiree subsidy (“carve out”) required by the State directly to the Health Care Authority ($60.40 per month per FTE) each month. These funds do not go through the Trust.

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    April 13, 2009