Board Members present: President Bill Fisher, Pauline Cross, Joan Dressel, George Granger, Barbara Humphrys, Harold Johnson, Bill Miller, Betty Moore, Dorman Stout, Willene Paxton, Betty Tester, Ed Williams. Others present include: Diana McClay.
The meeting was called to order by President Bill Fisher at 3:32. Dr. Fisher introduced Dr. Linda Kerley who briefed us on the Faculty Senate Committee for the Retiree Outreach Program. Her phone number is 439-4395.
Regenia Shilling briefed the group on the Relay for Life scheduled for April 2, and requested support from the retiree group.
Harold Johnson moved and second by Dorman Stout to accept the minutes as distributed. Motion passed.
EXECUTIVE COMMITTEE: Dr. Bill Fisher, Chair
MEMBERSHIP COMMITTEE: Pauline Cross, Chair
Ms. Cross has four committee members with five unfilled. In an effort to help fill this need, Dr. Fisher proceeded to mention names such as Jay Allen, Charles Votaw, and Shirley Turkett. It was agreed that all nine should meet for a briefing. A list of former members was presented by Diana McClay and she agreed to write each one and report back at the next Board meeting.
FINANCE COMMITTEE: Bill Miller, Chair
One new life membership has been added. Few changes were in the accounts. No questions were asked.
As of March 24, 2004:
Operating fund............................................. $3,244.27
Life Membership Account:......................... $11,450.00
Scholarship Endowment Account:.............. $65,077.35
Endowment Interest Account:...................... $1,969.64
Total Assets.............................................. $81,741.26
PROGRAM COMMITTEE: Ms. Betty Tester, Chair
The next Eat & Chat is Wednesday, April 21. Betty asked for program suggestions for the summer picnic. The last two groups we had were suggested.
TALES OF THE UNIVERSITY: Dr. Willene Paxton, Chair
Dr. Paxton indicated that her committee may take a rest. They could use more suggestions. The committee has contacted the alumni association.
COMMUNICATIONS COMMITTEE: Dr. Barbara Humphrys, Chair
COMMUNITY SERVICES COMMITTEE: Dr. Dorman Stout, Chair
Presidentís Council did agree to accept our offer to volunteer when and where needed. We now need to volunteer and when 40 people or so are on the list it will be shared across campus.
LIAISON COMMITTEE: Dr. William Fisher, Chair
Dr. Fisher shared several articles with us
a) Tennessee Consolidated Retirement System comprehensive annual financial report for the fiscal year ended June 30, 2003.
b) Tennessee's Optional Retirement Plan (ORP). This is not for us who have retired. It does offer an opportunity for those 10,000 who took ORP to come back into the TCRS. Last year their contributions totaled $62,386,000. The Council on Pensions and Insurance has passed a resolution suggesting the opportunity to transfer back to TCRS. Their resolution would have to be approved by the legislature.
c) The proposed FY 2004-05 State Budget which included $73 million increase to the state employee pension fund, $7.8 billion for TennCare and $3.8 billion for K-12.
d) Miscellaneous information relative to changes in Medicare including preventive benefits starting in 2005 and prescription drug benefits in 2006. Starting in January, 2006, no MediGap policies can include prescription drug coverage provisions.
There being no further business, the meeting was adjourned at 4:30 p.m. The next meeting will be Tuesday, April 27, at 3:30 p.m. in University Advancementís conference room.
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ETSU Box 70564
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Updated on 11/15/05