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Board reviews new retiree health‑plan funding procedure and vehicle‑use policy allowing 10‑passenger vans
Summary
Board members heard a first read on a new DFAA procedure to contribute 5% of the actuarially determined contribution toward the retiree health trust (approx. $143,005 based on FY2025 ADC) and reviewed a vehicle policy revision permitting 10‑passenger vans; vans are expected available after the February meeting.
At the Jan. 13 meeting district staff presented a first reading of a new procedure to invest for the retiree health plan (OPEB). The presenter said the procedure would establish a methodology to fund an annual supplemental contribution equal to 5% of the actuarily determined contribution (ADC) to the retiree health trust. Using the FY2025 example ADC of $2,869,732, the presenter said 5% would be about $143,004.86; the proposal is intended to supplement current pay‑as‑you‑go payments and reduce long‑term liability over time. The item was presented as a first read and no final action was taken.
The board also considered a revision to the vehicle‑use policy and procedures to align with COMAR and to permit use of 10‑passenger vans. The presenter noted driver lists must be submitted monthly to the state and that drivers sign annual acknowledgements; when asked about timing, the presenter said the vans should be ready for high‑school use after the February board meeting.
Both items were presented for board review; members were invited to submit questions ahead of a future vote or final reading.
