Funded Retirement and Insurance Committee (FRIC) 2004-2005
The FRIC committee continues to meet almost monthly providing oversight to the health care plans as well as TIAA-CREF. During the last year, it recommended changes in the methodology of setting premiums and in particular allocating large claims over the Chip II and II and UI Select Plans. This resulted from the change in the manner in which UI Select was funded. Previously, Select was essentially a Wellmark policy; not it is one of many self-funded plans. We also recommended expansion of the TIAA-CREF product offerings.
Sheldon Kurtz, Chair