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Mount Vernon SD 80 board approves exit from Egyptian Area Trust Co-Op, moves to Tedrick Group and Pareto captive
Summary
The board voted 4–0 to exit the Egyptian Area Trust Co-Op and enter a health insurance agreement with Tedrick Group and the Pareto self‑insured captive; board approved associated financial authorizations and MOUs with both unions.
Superintendent Ryan Swan told the board he had worked with both unions regarding the district's health insurance options and recommended exiting the Egyptian Area Trust Co‑Op in favor of a plan placed by Tedrick Group with a Pareto self‑insured captive. The board discussed the recommendation and approved the change by motion (motion by Matt Flanigan; second by Brian Blok), with a roll call vote of 4–0 and two members absent.
As part of that action, the board authorized exit costs from the Egyptian Area Trust Co‑Op not to exceed $300,000 and entry costs into the Pareto captive not to exceed $150,000. The minutes record separate motions approving the financial caps and indicate the board also approved Health Insurance Memoranda of Understanding with the Mount Vernon Association of Classified Employees (MACE) and the Mount Vernon Education Association (MEA).
The minutes do not include implementation dates, projected annual premium changes, or a detailed funding source for the one‑time costs; those details were recorded as not specified in the meeting minutes and may be developed during contract implementation.
