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2014 Annual General Meeting. MEBAC. Municipal Employees Benefit Association of Calgary. AGENDA. Introductions Review 2013 Minutes Review 2013 MEBAC Financial Statements Review 2013 City of Calgary Benefit Plan Financial Statements Present 2013 Auditor’s Report
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2014 Annual General Meeting MEBAC Municipal Employees Benefit Association of Calgary
AGENDA • Introductions • Review 2013 Minutes • Review 2013 MEBAC Financial Statements • Review 2013 City of Calgary Benefit Plan Financial Statements • Present 2013 Auditor’s Report • Appointment of Auditor for 2014 • Review Executive Committee Activities • New Business • Questions
What is MEBAC? • Municipal Employees Benefit Association of Calgary • Established in 1995 under Alberta Societies Act • Not-for-profit Association
What is MEBAC? (Continued) • Managed by a Trustee Executive Committee • Employees are represented on the MEBAC Executive Committee by their union or association • One Trustee and one Alternate per group • 2 non-voting City Representatives (HR/Finance)
MEBAC Officers: • President – Karen Stoshnof • Vice President – Bill Doxsee • Treasurer – Rory Gill • Secretary – Jody Sallans
MEBAC - Responsibilities • Manage Employees Contributions • Work with the City to ensure benefits are delivered as outlined in the benefit agreement • Manage the LTD contract with Great West Life • Negotiate benefit coverage with the City
MEBAC Structure • ResourcePersonnel • Communications Committee
Review 2013 Minutes SPECIAL ANNUAL GENERAL MEETING Fort Calgary 750 – 9th Ave. S.E. Calgary, Alberta Wednesday June 19th, 2013 - 5:00 pm
MEBAC Financial Cycle Investment Income Member Contributions Fees and Expenses Paid Benefits Diagram from Foundations of Trust Management Standard (IFEBP)
City Core Benefit Plan2013 Financial Results 2013 Expenses $77,946,922 (2012 $75,354,354)
City Core and MEBAC Together2013 Expenses Total $104,903,689
2013 Executive Committee Activity Report • Commenced benefit plan coverage negotiations with the City • Board member training • Created a Governance Committee
MEBAC Ongoing Business • Benefit plan coverage negotiations with the City • Currently conducting a comprehensive review of our investment policy
Contact Eliza Davis MEBAC Administratoremail: eliza.davis@calgary.caphone: 403-268-8396