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  • Agenda for September 09 11 meeting | Funded Retirement and Insurance Committee (FRIC)
    Agenda for September 09 11 meeting FRIC TENTATIVE AGENDA 9 9 11 302 UNIVERSITY SERVICES BUILDING INTRODUCTIONS KURTZ DAVIN APPROVAL OF THE MAY 6 TH MINUTES KURTZ DAVIN 2012 RATES SAUNDERS LONG TERM CARE UPDATE SAUNDERS WELLNESS PRESENTATION TROESTER DENTAL INSURANCE SAUNDERS VITAMIN COVERAGE GROUP PHARMACY CHANGE SAUNDERS LTD SUPPLEMENTAL LIFE SAUNDERS ALTERNATIVE MEDICINE GROUP HEALTH INSURANCE PLANS FOR 2013 GROUP GENERAL AND OPT OUT CREDITS GROUP OLD BUSINESS NEW

    Original URL path: http://www.uiowa.edu/fric/agenda-september-09-11-meeting (2015-11-11)
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  • Agenda for May 06 meeting | Funded Retirement and Insurance Committee (FRIC)
    Home Agenda Meetings Minutes Members How to Apply Home Agenda for May 06 meeting FRIC TENTATIVE AGENDA 5 6 11 302 UNIVERSITY SERVICES BUILDING INTRODUCTIONS KURTZ HERBERT APPROVAL OF THE APRIL 7TH MINUTES KURTZ HERBERT WIG COVERAGE GROUP DOUBLE INSURANCE COVERAGE SAUNDERS EXPANDED PHARMACY COVERAGE GROUP HEALTH INSURANCE PLANS FOR 2012 GROUP GENERAL AND OPT OUT CREDITS GROUP OLD BUSINESS NEW BUSINESS NEXT REGULAR SCHEDULED MEETING 9 9 11 ROOM

    Original URL path: http://www.uiowa.edu/fric/agenda-may-06-meeting (2015-11-11)
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  • Agenda for March 04 meeting | Funded Retirement and Insurance Committee (FRIC)
    Agenda for March 04 meeting FRIC TENTATIVE AGENDA 3 4 11 302 UNIVERSITY SERVICES BUILDING 1130 AM INTRODUCTIONS KURTZ HERBERT APPROVAL OF THE FEB 4TH MINUTES KURTZ HERBERT WEIGHT LOSS DRUGS GROUP LONG TERM CARE INSURANCE SAUNDERS HEALTH INSURANCE PLANS FOR 2012 GROUP GENERAL AND OPT OUT CREDITS GROUP OLD BUSINESS NEW BUSINESS NEXT REGULAR SCHEDULED MEETING 4 1 11 ROOM 302 UNIVERSITY SERVICES BUILDING 1130 AM SPECIAL MEETING 4

    Original URL path: http://www.uiowa.edu/fric/agenda-march-04-meeting (2015-11-11)
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  • FRIC Meeting Minutes October 2, 2015 | Funded Retirement and Insurance Committee (FRIC)
    except Employee Child medical these were not increased as much as recommended Rates will be released during the open enrollment period November 1 through November 15 2015 2016 HCSA Limit The current Health Care Spending Account limit is 2500 Motion The committee recommends an increase to 2550 Motion by Schueller Francisco Approved unanimously Transgender Care In 2014 the committee sent a letter to former President Mason recommending the provision of transgender care through the University health insurance plan Committee Chairs Garfinkel and Davin met with Interim President Robillard to discuss the letter The Committee reaffirmed its support of the original letter TIAA CREF VRSP Loans TIAA submitted a recommendation to the University that additional limits be placed on borrowing funds from Voluntary Retirement Savings Plans Currently one can take out a minimum of 1000 on each loan totaling no more than 45 of one s VRSP funds with no limit on the number of loans Payments are automatic deductions and include interest Discussion included the impact on individuals and the University There is a small impact on the administrative fees charged to the plan No decision was made The committee asked for more data Specialty Drugs During the annual benefit plan review process Wellmark made a recommendation to the University to move the administrative management of specialty drugs various medications that usually have high costs from the medical part of the plan to the pharmacy benefit Most institutions 90 have specialty drugs in the pharmacy benefit part of their plans The change is estimated to reduce the cost of specialty drugs by 3 Additionally there will be much better ability to track and manage costs Discussion was about out of pocket expenses However with specialty drugs beneficiaries reach their out of pocket maximums fairly quickly Motion The committee recommends changing

    Original URL path: http://www.uiowa.edu/fric/fric-meeting-minutes-october-2-2015 (2015-11-11)
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  • FRIC meeting minutes September 11, 2015 | Funded Retirement and Insurance Committee (FRIC)
    Syrop Kevin Ward Dianne Wasson Megan Hammes Jessica Wade and others Committee members administration representatives and guests introduced themselves The minutes of meeting from May 1 2015 were approved unanimously Aim Diabetes presented a pilot project that would be offered to UI employees with Type 1 Type 2 Diabetes and who received care from a UIHC provider There are potentially 700 people at the UI that could be in the project The focus of Aim Diabetes is on self care working with the patients so they can take better care of themselves The savings of the project was estimated at 80 000 It should also help to reduce the burden of the disease through ease of testing Team was asking that we waive the co insurance for the meters and strips for those enrolled in the plan After one year the team would then look to explore replicating the model to support other costly chronic diseases The FRIC committee unanimously moved to waive the co insurance for equipment and strips for those participating in the UIHC AIM Diabetes pilot in the UI Choice health plan Health Care premium rates at the UI in the UIChoice plan have not been increased

    Original URL path: http://www.uiowa.edu/fric/fric-meeting-minutes-september-11-2015 (2015-11-11)
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  • FRIC meeting minutes May 1, 2015 | Funded Retirement and Insurance Committee (FRIC)
    causing this committee to be viewed as a model for appropriate faculty staff governance I also hope that a renewed push will be made to get transgender coverage under UI Care if President Mason has not already approved it Again thanks to all Sue Buckley informed the committee that out of 1 400 UI employees eligible for the Early Retirement Incentive Plan ERIP 362 had applied From this application pool 197 cases were approved and 165 cases were denied In each case the concerned department was asked if the planned retirement was in their best interest Another 16 applications are still under review so the final numbers may change The Human Resources department projects cost savings of 28 9 million from this ERIP out of which 16 6 million is from the General Education Fund GEF These cost savings exceed the 20 million estimate given to the Board of Regents before launching the plan Sue Buckley informed the committee that she will be retiring from her post as the UI Vice President for Human Resources on June 30 2015 In addition Richard Saunders will also be retiring from his post as the UI Assistant Vice President for Human Resources on June 12 2015 In their places we will find Joni Troester and Debra Hughes We wish to thank the retiring officials for their dedicated service to the university over so many years Richard Saunders informed the committee that the Memo sent to President Sally Mason recommending the inclusion of Transgender Care as a part of health care benefits is still in her office If it is not approved before her retirement as President then the committee will re submit this Memo to the Interim President Jean Robillard after he has settled in his new position Under a settlement reached between

    Original URL path: http://www.uiowa.edu/fric/fric-meeting-minutes-may-1-2015 (2015-11-11)
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  • FRIC Meeting Minutes February 6, 2015 | Funded Retirement and Insurance Committee (FRIC)
    for 10 3 14 There weren t enough members present at the beginning to approve the meeting notes After about 30 minutes the meeting notes were approved ERIP Update ERIP III has been approved and 1400 employees and staff have been notified that they are eligible for it They must apply by 3 6 15 and it must be approved by their department IF approved they must be retired by 6 30 15 Those in UI Health Care and covered by SEIU are not eligible for ERIP III CREF update CREF is changing their fee basis similar to what happen with TIAA Tier 1 where funds are less than 20 million in assets will have their fees increase to cover costs Tier 2 where fund are between 20 and 400 million in assets will have their fees stay the same Tier 3 where funds are greater than 400 million in assets and the UI sits will have their funds decrease Due to an overcharge in the S P that several states attorney generals have sued the S P roughly 2 4 million will be coming back to the state of Iowa Some of that will be coming back to the UI through the Board of Regents It will be roughly 100 person for those that had those fees count against them in their CREF account Transgender Care A letter was created and sent to President Mason but nothing has been heard about its response New Health Insurance Coverage It was requested that a drug be covered by the UI Health Plan at a reduced cost but it was later discovered that it was a Tier 2 drug since there is no Generic available It can only be covered at 30 It was suggested that it could be possible to work

    Original URL path: http://www.uiowa.edu/fric/fric-meeting-minutes-february-6-2015 (2015-11-11)
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  • FRIC Meeting Minutes October 03, 2014 | Funded Retirement and Insurance Committee (FRIC)
    attention that nothing at this time in the Deloitte review addresses the scope or purview of the FRIC committee Possible Early Retirement Incentive Program The University is considering a third Early Retirement Incentive Program ERIP III The committee saw a draft proposal of a new ERIP that would closely mirror the ERIP II program ERIP II provided financial support for health insurance and contributions for retirement over a five year period No program has been approved and the specific details have yet to be finalized Depending on the final approved criteria for eligibility there may be as many as 3000 employees eligible The program will clearly define what benefits would be provided for the employee entering into ERIP III the eligibility requirements for participation and the timeframe for evaluation and decisions Any program must be approved by the Board of Regents Applicants for participation in ERIP III would be screened to determine if such a decision for early retirement is beneficial to both the employee the employee s university department and the University as a whole The topic was informational and no decision was made by the FRIC committee There was substantial discussion on the program and its potential characteristics and impact on the university Transgender Care FRIC has agreed that members Kurtz Davin and Nisly would draft a letter to President Mason in support of transgender care through the University insurance program A letter is being created but was not available at the time of the committee meeting Egg and Sperm Storage Update 3 15 This came up briefly as a reminder that data is being collected for a discussion in March 2015 Old Business Other than agenda item V Transgender Care none brought forward New Business Three issues were brought forward at the meeting as possible future topics

    Original URL path: http://www.uiowa.edu/fric/fric-meeting-minutes-october-03-2014 (2015-11-11)
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