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Home My WebLink AboutDocumentation_Pension General_Tab 23_11/03/2008Laur, Betty From: McWilliams, Lori Sent: Monday, September 22, 2008 1:05 PM To: Laur, Betty Cc: Reid, Merlene Subject: FW: Tequesta -Travelers Fiduciary Liability 2008-2009 Renewal Attachments: image001.gif Betty, Please place on agenda to discuss . Merlene, please plan to attend, if you can, to explain. Thanks. From: Reid, Merlene Sent: Monday, September 22, 2008 12:32 PM To: Rahim, Monica Cc: McWilliams, Lori; Laur, Betty Subject: FW: Tequesta -Travelers Fiduciary Liability 2008-2009 Renewal Monica, See response below to my question on whether the invoice could be issued for 2008/09 only. I will ask the brokers to provide us with a 1 year invoice as we only have funds for 1 year in the current budget. I would recommend that the Boards be asked to consider budgeting for 2 year renewals in the future. Merlene From: Colleen Farrell [mailto:colleen@gehringgroup.com] Sent: Wednesday, September 17, 2008 2:44 PM To: Reid, Merlene Cc: Ellen Jones Subject: FW: Tequesta -Travelers Fiduciary Liability 2008-2009 Renewal Merlene, please see underwriters comment below. Unfortunately this is Travelers invoice. The policy is being issued on a two-year basis so the rate could be locked in for the 2009-2010 term. Please advise if a Gehring Group annual invoice will suffice should the pension board require an invoice to show just the 1 year premium. Thanks, Colleen Colleen Farrell Gehring Group From: Palmer,Patrick G [mailto:PGPALMER@travelers.com] Sent: Wednesday, September 17, 2008 2:31 PM To: Colleen Farrell Subject: RE: Tequesta -Travelers Fiduciary Liabil~y 2008-2009 Renewal That is absolutely correct! Let me know if you have any other questions. Thanks, Patrick Palmer Account Executive Travelers Bond & Financial Products Public /Private /Non Profit 813 890 4340 .iA- TRAVELERS) Prom: Colleen Farrell Sent: Wednesday, September 17, 2008 12:27 PM To: 'Corona,Donna M' Subject: RE: Tequesta -Travelers Fiduciary Liability 2008-2009 Renewal Thanks Donna, please confirm only the 15Y annual installment of this two year policy is currently due and next year we will received the 2"d annual installment invoice. Colleen Colleen Farrell Commercial Lines Account Manager Gehring Group 11505 Fairchild Gardens Ave. Suite #202 Palm Beach Gardens, FL 33410 Direct: 561-799-4817 Fax: 561-626-6970 colleen@gehrin9group.com From: Corona,Donna M [mailto:DCORONA@travelers.com] Sent: Wednesday, September 17, 2008 11:02 AM To: Colleen Farrell Subject: RE: Tequesta -Travelers Fiduciary Liability 2008-2009 Renewal Here ya go: d Donna M. Corona Account Underwriter Travelers Bond & Financial Products Private and Non Profit 7870 Woodland Center Blvd. Tampa, FL 33614-2409 (813) 890-4069 (800) 265-1498 (fax) dcorona@travelers.com From: Colleen Farrell [mailto:colleen@gehringgroup.com] Sent: Wednesday, September 17, 2008 10:47 AM To: Corona,Donna M Subject: Tequesta -Travelers Fiduciary Liability 200&2009 Renewal importance: High Good morning Donna, can you please provide me with an invoice ASAP. You should have already received binder request. Thanks! Colleen Farrell Commercial Lines Account Manager Gehring Group 11505 Fairchild Gardens Ave. Suite #202 Palm Beach Gardens, FL 33410 Direct: 561-799-4817 Fax: 561-626-6970 colleen@gehringgroup.com Please be advised that coverage may not be bound or altered by email correspondence. This message originates from Gehring Group. This email message and all attachments may contain legally privileged and contidential information intended solely for the use of the addressee. If you are not the intended reclpient, you should immediately stop reading this message and delete lt from your system. Any unauthorized reading, distribution, copying, or other use of this message or its attachments is strictly prohiblted. All personal messages egress solety the sender's views and not those of Gehring Group. This message may not be copied or distributed without this disclaimer. Although this email and any attachments are believed to be free of any virus or other defect that might affect arty computer system into which lt ~ received and opened, lt is the responsibility of the reclpient to ensure that lt is virus free and no responsibility is accepted by Gehring Group or any loss or damage arising in any way from itss use. H you received Uric message in error, please notify us immediately at (561)626-6797. 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If you are not the intended recipient, you should immediately stop reading this message and delete lt from your system. Any unauthorized reading, distribution, copying, or other use of this message or its attachments is strictly prohibited. All personal messages express solely the sender's views and not those of Gehring Group. This message may not be copied or distributed without this disclaimer. Although this email and any attachments are believed to be free of arty virus or other defect that might affect arty computer system into which it is received and opened, it is the responsibility of the reclpient to ensure that lt is virus free and no responsibility is accepted by Gehring Group or any loss or damage arising in any way from its use. If you received this message in error, please notify us immediately at (561) 626-8797. *** eSafe scanned this email for malicious content *** *** IMPORTANT: Do not open attachments from unrecognized senders *** Laur, Betty From: Reid, Mereene Sent: Monday, September 22, 2008 10:10 AM To: McWilliams, Lori Cc: Laur, Betty Subject: RE: Renewal Invoice 2008-2010 Pension Plans Lori, The premium is based on a number of factors including the actuarial valuation of the fund. The 08/09 premium is 1.38% lower than 2006/07 which was $4,196. Last year saw a 4.5% reduction. The brokers are responsible for reviewing the market and the current available costs and making their recommendations. It's a little too late for this year, but If the Boards need to get quotes from other companies for next year, I can arrange for this. Merlene From: McWilliams, Lori Sent: Monday, September 22, 2008 7:48 AM To: Reid, Merlene Cc: Laur, Betty Subject: FW: Renewal Invoice 2008-2010 Pension Plans Okay, I see the pension boards pay this. Is the cost ever negotiated down or do we just take what they quote? Thanks. From: Laur, Betty Sent: Friday, September 19, 2008 9:03 AM To: Lori McWilliams (Imcwilliams@tequesta.org) Subject: FW: Renewal Invoice 2008-2010 Pension Plans Lori -FYI From: Laur, Betty Sent: Friday, September 19, 2008 9:01 AM To: Reid, Merlene Subject: RE: Renewal Invoice 2008-2010 Pension Plans Merlene We did not have the invoice for yesterday's meeting. Since I arrived just prior to the meeting and left immediately after, I did not have time to check email yesterday, so just saw this now (Friday morning). Betty From: Reid, Merlene Sent: Thursday, September 18, 2008 7:37 AM To: Rahim, Monica Cc: Laur, Betty Subject: RE: Renewal Invoice 2008-2010 Pension Plans Betty, I contacted the brokers who indicated that even though they have sent a 2 year agreement, the plans have the option to renew for 1 year at a time. It's 1 policy so both plans will both have to agree on 1 or 2 year renewal at a time. In the event you are asked the total insurance cost for both funds over the past 2 years, they were as follows: 07/08 - $4,006.67 06/07 - $4,196.00 Merlene From: Reid, Merlene Sent: Wednesday, September 17, 2008 12:43 PM To: Rahim, Monica Cc: Laur, Betty Subject: Renewal Invoice 2008-2010 Pension Plans Hi Monica, The insurance providers have sent a 2 year invoice with the rates holding until 2010. Can you do the usual break-down of percentages in respect of Public Safety and the General fund as I want to give it to Betty for submission to the General meeting that's being held tomorrow. Merlene