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Municipal Employees Benefit Association of Calgary

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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Municipal Employees Benefit Association of Calgary

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  1. 2014 Annual General Meeting MEBAC Municipal Employees Benefit Association of Calgary

  2. 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

  3. What is MEBAC? • Municipal Employees Benefit Association of Calgary • Established in 1995 under Alberta Societies Act • Not-for-profit Association

  4. 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)

  5. Executive Committee Representatives/Alternates:

  6. MEBAC Officers: • President – Karen Stoshnof • Vice President – Bill Doxsee • Treasurer – Rory Gill • Secretary – Jody Sallans

  7. 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

  8. MEBAC Structure • ResourcePersonnel • Communications Committee

  9. Review 2013 Minutes SPECIAL ANNUAL GENERAL MEETING Fort Calgary 750 – 9th Ave. S.E. Calgary, Alberta Wednesday June 19th, 2013 - 5:00 pm

  10. MEBAC Financial Cycle Investment Income Member Contributions Fees and Expenses Paid Benefits Diagram from Foundations of Trust Management Standard (IFEBP)

  11. MEBAC Operating Plan2013 Financial Results

  12. MEBAC Operating Plan2013 Reserve Balances

  13. MEBAC Pre’95 LTD Plan2013 Financial Results

  14. LTD Costs Since 2009

  15. City Core Benefit Plan2013 Financial Results 2013 Expenses $77,946,922 (2012 $75,354,354)

  16. City Core and MEBAC Together2013 Expenses Total $104,903,689

  17. 2014 Auditor Appointment

  18. 2013 Executive Committee Activity Report • Commenced benefit plan coverage negotiations with the City • Board member training • Created a Governance Committee

  19. MEBAC Ongoing Business • Benefit plan coverage negotiations with the City • Currently conducting a comprehensive review of our investment policy

  20. New Business

  21. Questions

  22. Contact Eliza Davis MEBAC Administratoremail: eliza.davis@calgary.caphone: 403-268-8396

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