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Board approves SIHWIT amendment; trust to dissolve and assets redistributed as Prairie Health Insurance Consortium forms
Summary
The board approved the Third Amended and Restated Agreement for the Southern Illinois Health and Wellness Insurance Trust, which moves the trust from self-insured to fully insured, anticipates dissolution Oct. 1, 2027, and creation of a new Prairie Health Insurance Consortium; minutes record trust assets of $587,441 to be distributed to participating districts.
Carbondale Elementary School District No. 95's board unanimously approved a Third Amended and Restated Agreement and Declaration of Trust for the Southern Illinois Health and Wellness Insurance Trust (SIHWIT) on Aug. 22. The amendment reflects the Trust's move from a self-insured model to a fully insured arrangement, and includes a provision to dissolve the Trust effective Oct. 1, 2027 and distribute trust assets back to participating districts.
Chief School Business Official Janiece Blake told the board the Trust was a founding collaborative effort dating to 2005; the minutes record that assets of the trust total $587,441 and that trustees plan to form a new entity called the Prairie Health Insurance Consortium to continue cooperative purchasing and risk mitigation. The board's vote to approve the amendment was unanimous.
