Oklahoma City Post Employee Benefits Trust

OKLAHOMA CITY POST-EMPLOYMENT BENEFITS TRUST AGENDA February 12, 2024 10:00 AM TRUST MEMBERS: Brent Bryant, Chair (Chief Financial Officer) Laura A. Johnson, Vice Chair Neil Garrison Dianna Berry Aimee Maddera (Chief Human Resources Officer) Matthew Boggs, General Manager Amy K. Simpson, Secretary Richard Mahoney, Assistant Municipal Counselor 200 N. Walker ● 3rd Floor ● Council Chamber  INFORMATION ABOUT OCPEB TRUST MEETINGS The Oklahoma City Post-Employment Benefits Trust (OCPEBT) generally meets as needed in the Council Chamber at City Hall unless prior notice of a change is posted. To confirm meeting dates, call (405) 297-2225. It is the policy of the City to ensure that communications with participants and members of the public with disabilities are as effective as communications with others. Anyone with a disability who requires an accommodation, a modification of policies or procedures, or an auxiliary aid or service in order to participate in this meeting should contact the ADA department coordinator at 297-2225 or TDD 297-2020 as soon as possible but not later than 48 hours (not including weekends or holidays) before the scheduled meeting. The department will give primary consideration to the choice of auxiliary aid or service requested by the individual with disability. If you need an alternate format of the agenda or any information provided at said meeting, please contact the ADA department coordinator listed above 48 hours prior to the scheduled meeting. Addressing the Trust Interested Parties may address the Trust during public hearings on any matter on the agenda. Interested Parties may also address the Trust on individual concerns at the end of the agenda when the Chairman asks if there are any comments by interested parties. If you know in advance that you wish to address the Trust, you may call 297-2225 and provide your name and the subject about which you wish to speak. Trust Actions Official action can be taken only on items that appear on the agenda. The Trust may adopt, approve, ratify, deny, defer, recommend, amend, strike, or continue any agenda item. When more information is needed to act on an item, the Trust may refer items to the staff or Legal Counsel. The Trust may also refer items to committees of the Trust or to independent consultants for additional study. Under certain circumstances, items are stricken from the agenda entirely or no action of any kind is taken. Parking Free parking is available at the Sheridan-Walker Parking Garage (501 West Sheridan). OCPEBT staff will issue a validation ticket at the Trust meeting. For more information about the Oklahoma City Post-Employment Benefits Trust, call 297-2225, or visit the staff at 420 W. Main, Suite 120, Oklahoma City, Oklahoma.  Agenda Oklahoma City Post-Employment Benefits Trust February 12, 2024 10:00 AM Council Chamber Third Floor Municipal Building 200 North Walker Oklahoma City, Oklahoma I. Call to Order II. Approval of Minutes A. November 13, 2023 Oklahoma City Post-Employee Benefits Trust Meeting. III. Items for Consideration A. Receive Quarterly Investment Report for the period ending December 31, 2023. B. Receive Monthly Investment Reports for November 30, 2023, December 31, 2023, and January 31, 2024. C. Acceptance of the Annual Financial Report for Fiscal Year Ended June 30, 2023. D. Joint Resolution with The City of Oklahoma City and the Oklahoma City Municipal Facilities Authority renewing a Master Service Agreement with Premise Health Employer Solutions, LLC, to provide an employee medical center program for eligible employees and retirees, and eligible employees and retirees of participating public trusts, and their eligible dependents, subject to annual fiscal appropriation by the Council for The City of Oklahoma City, estimated cost $1,908,544, effective January 22, 2024 through December 31, 2024. E. Joint Resolution with The City of Oklahoma City and the Oklahoma City Municipal Facilities Authority, as the public entities, approving an Administrative Services Only Agreement with Blue Cross and Blue Shield of Oklahoma, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company and Prime Therapeutics, LLC for third-party prescription administration services for The City of Oklahoma City’s PPO and EPO indemnity major medical plans, for City and participating public trust employees,  retirees and eligible dependents, estimated cost $95,000,000, January 1, 2024 through December 31, 2024. F. Joint Resolution with The City of Oklahoma City and the Oklahoma City Oklahoma City Municipal Facilities Authority, approving an agreement with Dearborn Life Insurance Company, doing business as Blue Cross and Blue Shield of Oklahoma, to provide group life insurance plans for eligible retirees, employees and their eligible dependents, and eligible retirees, employees and their eligible dependents and eligible retirees of participating public trusts; subject to annual fiscal appropriation by the City Council, estimated cost $1,200,000, January 1, 2024 through December 31, 2024. G. Joint Resolution with The City of Oklahoma City and the Oklahoma City Municipal Facilities Authority, as the public entities approving an Administrative Services Only Agreement with Blue Cross and Blue Shield of Oklahoma, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company and Prime Therapeutics LLC, for Stop Loss Insurance for The City of Oklahoma City’s PPO and EPO indemnity major medical plans, for City and participating public trusts employees, retirees, and eligible dependents, estimated cost $4,040,000, effective retroactively to January 1, 2024 through December 31, 2024. H. Ratify Claims from November 1, 2023 to January 23, 2024. IV. Comments from Trustees, Staff, and Interested Parties. V. Adjournment