Veba Advisory Committee Special Meeting
Key discussions during the meeting included a staff proposal to change the quorum requirement for future meetings from four people to three. Informational items covered verbal updates on the VEBA Plans Revenue Reimbursement Report for July 2022 to July 2023 and the review of the Reconciliation Summary for April 1, 2023, to June 30, 2023. The committee also received updates on the transition of VEBA Plan implementation and administration from TASC to Voya. Under discussion and action items, the committee reconsidered and accepted several items from the June 30, 2023, meeting due to an improperly counted vote, including the election of officers and the approval of a fiduciary liability insurance policy. Further actions included accepting the Fourth Quarter Financials for FY 2022-23, accepting the Performance Report and Watch List for April 1, 2023, to June 30, 2023, and accepting the updated Investment Policy for 2023. Finally, the committee authorized a one-time expense of $500 for customizing new Voya VEBA debit cards.