Coalition of Oak Ridge Retired Employees
Minutes of Board Meeting on May 20, 2015, 10:00 a.m., Oak Ridge Senior Center
Present: Cates, Mason, Peterson, Stow, Worrell, Bradshaw, Moore, Whitley, Morrow, Rogers, Toedte, Reichle, Emery, Angelelli (Tony), Hightower, Setaro, Kibbe, White, Whitehead, and Rupert.
Absent: Bradshaw, McGroy, Angelelli (Joy).
1. Call to Order. President Hightower called the meeting to order at 10:00 am.
2. Approval of the April 2015 Minutes. A motion was made and seconded to approve the minutes from the April meeting. The minutes were approved.
3. Treasurer’s Report. The Treasurer’s Report had been distributed prior to the meeting showing cash-on-hand in the amount of $22,622.65. A motion was made, seconded, and passed to accept the report.
4. Contractor Contacts.
UCOR: Hightower, Morrow, and Peterson met with UCOR management to discuss present status and future changes in the benefits packages. Retirement plan is currently funded at the 86.9% level for 2015 ($11.1 million to be contributed this year). Changes in the health insurance were discussed and there will be a June 4 meeting for formal presentation on future plans. The UCOR web site will be updated and informational material will be sent to retirees starting July 10. There will be a subsidy provided for medical coverage. The transition to the new plan will occur on January 1, 2016.
NSPS: Rogers reported that he, Bradshaw, White, Mason, and Hightower had met with NSPS management. Changes in benefits are not expected until 2017. A recent Ben Val study compared NSPS benefits to those of several other organizations (i.e., Pantex, Coke, Duke Energy, etc.) and the comparison was “favorable.”
ORNL: No report.
Y-12: Worrell reported that he, Whitehed, Whitley, Mason, and Hightower had met with CNS staff and discussed several topics. Only 30 retirees were not “found” with regard to transitioning all retirees to the new benefits plan. Some 1200 retirees had been excluded from the new plan because they dropped out of the old plan; CNS agreed to consider readmitting them. Coverage for retirees in the “donut hole” was discussed and CNS will consider this.
5. Committee Reports.
Communications. No report.
Website. No report.
Planning. Planning for the annual CORRE meeting will start in the next month.
Nominations. A sheet was circulated for board members to indicate their willingness to serve on the board next year; those not wishing to continue will be replaced by newly-nominated members at the annual meeting.
CNS Benefits Survey. Mason noted that he has sent information to Y-12/CNS for a benefits survey to be done in June.
6. Other business.
There was brief discussion of Hightower’s letter to the editor to the Knoxville News Sentinel; the Sentinel did not publish it because it had been submitted also to the Oak Ridger.
7. New business.
Hightower noted that Stow wishes to resign his position as Secretary for the CORRE board. Stow will be replaced by Tony Angelelli in the June/July timeframe.
8. Adjournment. The meeting was adjourned at 11:05 am.