September 17, 2021 at 9:00 AM - MICU Workers' Compensation Fund Board Of Trustees
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I. Call To Order
Time: 9:00AM |
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II. MICU Fund Chair's Welcome
Time: 9:00-9:10AM
Presenter:
Thomas W. Ayers, Fund Chair
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II.A. Introduction Of New Trustee Tracey Durden (Madonna University)
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III. MICU Fund Administrator's Remarks
Time: 9:10-9:20AM
Presenter:
Rhonda M. Roorda, Fund Administrator
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III.A. Minutes Of July 16, 2021 Meeting
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III.A.1. Recommendation #1
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IV. Investment Agent Report - Huntington National Bank
TIme: 9:20-9:40AM
Presenter:
Mark S. Vostrizansky, Vice President & Portfolio Manager
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V. Claims/Service Agent Report - Broadspire Services
Time: 9:40-10:00AM
Presenter:
Joanne Cameron, Account Executive; Lisa Fular, Sr. Claims Specialist
Description:
Broadspire Service, Inc.
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VI. MICU FUND BOARD OF TRUSTEES BUSINESS MEETING
Time: 10:00-11:00AM |
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VII. 2021 Fund Year Business
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VII.A. 2021 Quarterly Estimated Premium Payments
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VII.B. Interim Fiscal Report For The Period Ending August 31, 2021
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VII.B.1. Recommendation #2/#3
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VII.C. Equity Analysis (As Of 6/30/2021)
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VII.C.1. Recommendation #4
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VIII. Prior Fund Years Business: Declarations Of Dividends & Refunds ($541,949)
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VIII.A. Background Review Of Fund's Financials
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VIII.B. Board-Approved Formula For Allocations Of Loss Fund Dividends
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VIII.C. Recommended Trustee Declarations
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VIII.C.1. 2016 Final Loss Fund Dividends ($101,577)
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VIII.C.1.a. Recommendation #5
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VIII.C.2. 2018 Initial Loss Fund Dividends ($300,000)
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VIII.C.2.a. Recommendation #6
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VIII.C.3. 2020 Administrative Fund Refunds ($140,372)
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VIII.C.3.a. Recommendation #7
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VIII.D. Process & Projected Timeframe
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IX. 2020 Fund Year Business: 2020 Final & Signed Federal Tax Return (No MI CIT Return Required)
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X. Adjournment -11:00AM
(The MICU Fund Annual Zoom Membership Meeting Will Begin After This Board Meeting At 1:00PM) |