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Tollway finance committee recommends board consider OPEB reimbursement and stop‑loss insurance placement
Summary
The Toll Highway Authority finance and audit committee voted to place two items on the full board agenda: (1) a request to reimburse the state's share of other post‑employment benefits and (2) a recommendation to enter stop‑loss insurance coverage and begin an RFP for an insurance broker.
The Finance & Audit Committee of the Toll Highway Authority, Illinois State, voted to place two finance items on the full board agenda after a staff presentation on funding for retiree benefits and stop‑loss insurance coverage.
Kathy Williams, chief financial officer, told the committee the first item is “a request to reimburse the amount of the total share of the state's cost of other post employment benefits” and said the tollway is required by the “state employees group insured act” to reimburse CMS for these benefits, which include medical and dental coverage. Williams presented a second item recommending…
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