Meeting Type: BCC Regular Meeting
Meeting Date: 3/3/2020
Item Status: New
From: Adria Cian Harrison, Clerk/Treasurer
Submitted by: Makayla Shiver, Jr. Staff Accountant
______________________________________________________________________
ITEM TITLE
Title
Association of County Commissions of Alabama Liability Self-Insurance Fund, Inc. Member Longevity Bonus
Body
STAFF RECOMMENDATION
Recommendation
Related to the Association of County Commissions of Alabama (ACCA) Liability Self Insurance Fund, Inc. Member Longevity Bonus, take the following actions:
1) Adopt and authorize the Chairman to execute Resolution #2020-064, in agreement with Baldwin County’s continued participation in the Liability Fund for an additional three (3) year period beginning on January 1, 2021, and concluding on December 31, 2023; and
2) Authorize the Chairman to execute the Participation Agreement between the Baldwin County Commission and ACCA. The term of this agreement shall be for the period beginning on the date executed or at 12:01 a.m. on January 1, 2021 (whichever date is later), and ending at 12:01 a.m. on January 1, 2024.
End
BACKGROUND INFORMATION
Previous Commission action/date: 02/21/2017
Background: To promote the long-term growth of the Fund and to provide participating members with additional financial assistance during this budget year, the Fund’s Board of Trustees has approved two distributions to the participating members. First, a refund of investment earnings will be distributed to all Fund participants in early 2019. Secondly, the Board has established a one- time “Longevity Bonus” for county commissions equal to 15 percent of their 2019 liability premium-contribution.
Baldwin County’s share of the investment refund will be provided following the receipt of its 2019 premium contribution payment. Additionally, each County Fund Member will receive the Longevity Bonus on May 1, 2019, provided it adopts a Resolution expressing its intent to participate for the new contract year and executes the attached Participation Agreement.
FINANCIAL IMPACT
Total cost of recommendation: N/A
Budget line item(s) to be used: N/A
If this is not a budgeted expenditure, does the recommendation create a need for funding? N/A
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
YES
Reviewed/approved by: Brad Hicks, County Attorney (sent for review on 02/19/2020) - review in progress and to be completed prior to meeting date.
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? N/A
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: Yes, must be returned by March 15, 2020
Individual(s) responsible for follow up: ACCA Participation Agreement and copy of the Approved Resolution should be returned to the ACCA by March 15, 2020, in order to ensure the receipt of the longevity bonus on May 1, 2020.
Action required (list contact persons/addresses if documents are to be mailed or emailed):
ACCA Longevity Self-Insurance Fund
Post Office Box 5040
Montgomery, Alabama 36103-5040
Additional instructions/notes: N/A