HomeMy WebLinkAbout2014-03-19-9:00AM-WORKSHOPBRAZOSCOUNTY
BRYAN,TEXAS
WORKSHOP SESSION
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March 19, 2014
DATE:
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BRAZOS COUNTY COMMISSIONERS COURT
BRAZOS COUNTY COMMISSIONERS COURT WILL MEET IN A
WORKSHOP SESSION AS FOLLOWS:
MEETING
March 19, 2014
DATE:
MEETING
9:00 AM
TIME:
MEETING
Commissioners Courtroom of the County Administration
PLACE:
Building, 200 S. Texas Ave., Suite 106, Bryan, Texas
Agenda
1. Call to order.
2. Discussions regarding post- retirement insurance.
3. Adjoum.
The Commissioners Courtroom of the County Administration BulldIng, 200 S. Texas Ave., Suite 106, Bryan, Texas is wheelchair accessible.
Handicap parking spaces are avadable. Any request for sign Interpretive services must be made two working days before the meeling. To make
arrangements, please call (979) 361-4102.
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BRAZOS COUNTY
BRYANJEXAS
MINUTES
March 19. 2014
BRAZOS COUNTY COMMISSIONERS COURT
WORKSHOP SESSION
Minutes
Call To Order.
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A workshop of the Commissioners' Court of Brazos County, Texas was held in
the Brazos County Commissioners Courtroom in the Administration Building, 200
South Texas Avenue, in Bryan, Brazos County, Texas, beginning at 9:00 a.m. on
Wednesday, March 19, 2014 with the following members of the Court present:
Duane Peters, County Judge, Presiding;
Lloyd Wassermann, Commissioner of Precinct 1;
Sammy Catalena, Commissioner of Precinct 2, Absent;
Kenny Mallard, Commissioner of Precinct 3, Absent;
Irma Cauley, Commissioner of Precinct 4;
Karen McQueen, County Clerk, Absent.
The attached sheets contain the names of the citizens and officials that were in
attendance.
2. Discussions regarding post- retirement insurance.
The Court met to discuss post retirement insurance. The County Judge turned the floor
over to Katie Conner, County Auditor who discussed retirement funding. She then
introduced Ken Couch with PFM. Mr. Couch along with Colby Eckols and Khalid Yasin,
explained that their company is a leading provider of independent financial and
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investment advisory services to the public sector. They proposed the best option for the
County was to establish a trust. They went through funding scenarios to
meet unexpected liabilities.
The County Judge asked about the Affordable Health Care Act and affect if any it could
have on the trust if it can only be used for health care. He also question what happens
to the funds if the trust is no longer needed.
The PFM representatives said the that the issue of the Affordable Care Act could be
written into the trust so that the money would be returned to the County.
Katie Conner, County Auditor stated she wanted to fund something as the County is just
breaking even on claims now. She would like to set funds aside in an interest bearing
trust. She went on to say that the amount of the initial deposit is immaterial but long
term funding is, as a promise has been made to the employees.
The County Judge asked what if we set up a trust in the amount of $500,000 the first
year. Do we have to do that every year, he asked? Ms. Conner's answer was no, it was
the Court's decision as to how much to fund each year.
Adjourn.
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The foregoing minutes of the Commissioners Court Workshop Session held March 19
2014, have been examined and are approved in open Court this the 15+ day of
AbYA 2014, in Bryan, Brazos County, Texas.
Duane Peters Lloyd Wassermann
County Judge Commissioner, Precinct 1
Skifiray 'Catorena.
Commissi ner, Precinct 2
Commissioner,
Attest:
Kenny Mallard
Commissioner, Precinct 3
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Karen McQueen
County Clerk
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COMMISSIONERS COURT MEETING
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