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District plans to notify CSD Insurance Trust of intent to withdraw, administration says alternatives explored
Summary
Dr. Salvo told the Wright City board the district has concerns about the CSD Insurance Trust's projections and recommended formally notifying the trust of intent to withdraw; the board authorized administration to provide written notice and to take steps to implement withdrawal effective Sept. 30, 2026.
District administration told the board it had concerns with the CSD Insurance Trust's projections and stability and recommended withdrawing from the trust. Dr. Salvo said the district had already run an RFP, convened a district insurance committee and received an invitation to join another consortium as possible alternatives.
"Given the concerns with the CSD Trust ... our recommendation is to leave the trust," Dr. Salvo said, explaining the district's timeline to meet an April 1 notice deadline and to make withdrawal effective Sept. 30, 2026. He said administration had been proactive and would bring alternative options back to the board.
The board moved to authorize written notice of intent to withdraw and to authorize administration to take necessary actions to implement the withdrawal. The transcript records the motion and second; a voice vote was taken (tally not specified in the transcript). Administration said the action does not obligate the district to accept all alternative offers but preserves competitive options for medical insurance.
