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Board adopts resolution to join Schools Health Insurance Fund
Summary
The Tabernacle Township Board of Education adopted Resolution 25-011 on Dec. 16, 2024, to become a member of the Schools Health Insurance Fund (SHIF), authorizing execution of an Indemnity and Trust Agreement and participation in SHIF health insurance coverage; the motion passed on a recorded roll call (7–0).
The Tabernacle Township Board of Education voted to adopt Resolution 25-011 on Dec. 16, 2024, authorizing the district to seek membership in the Schools Health Insurance Fund (SHIF). The resolution directs the board to execute an application and an Indemnity and Trust Agreement and to participate in SHIF health insurance coverage ‘‘as defined pursuant to N.J.S.A. 17B:17-4, the SHIF's Bylaws, and the SHIF’s Plan of Risk Management.’’
The resolution, presented as Item 16 on the agenda, says the board accepts SHIF principles including a long-term rate philosophy, willingness to work with bargaining units on plan design, professional management, and actuarial rating structures. The motion to adopt Resolution 25-011 was made by Mrs. Erica Vining and seconded by Mrs. Amy Lepsis; the board recorded a unanimous yes vote of seven members in favor, recorded in the meeting roll-call grid.
Why it matters: Joining a joint insurance fund can change how the district purchases and prices employee health coverage. The resolution authorizes the board to submit required documents to SHIF and notes membership will become effective only after SHIF approval, receipt of the district’s SHIF assessment, and commissioner approval as stated in the resolution.
What happens next: The school business administrator/board secretary is authorized to execute and submit membership paperwork. According to the resolution text read into the record, membership takes effect upon SHIF approval and any required approval by the New Jersey Department of Banking and Insurance.
The board took the action as part of its regular business meeting; no dissenting votes on this item were recorded.
