Coalition of Oak Ridge Retired Employees
Minutes of Board Meeting on January 16, 2008, 2:00 p.m.
Oak Ridge Senior Center
Present:
Mike Bradshaw, Joyce Conner, Sandy Dean, Lou Dunlap, Marty Goolsby, Bob
Henderson, Bob Keil, Charlie Kuykendall, Tom Lemons, Ken Moore, Pete
Peterson, Dave Reichle, Mary Helen Rose, Joe Setaro, Dub Shults, Bob
Worrell, Paula Wright.
Opening Remarks.
President Dave Reichle commented on lack of use of CORRE’s blog
(Dave Mason, who manages the blog, was out of town). He noted
also that Frank Munger has encouraged us to use his blog, but not many
people have. There was discussion as to why more Board
members and others don’t use the blogs more.
Reichle mentioned that, after our Annual Meeting, local attorney Jim
Scott picked up on some of our pension issues. He works with a
law firm in Atlanta that specializes in ERISA issues.
Reichle highlighted a draft letter of support that will be sent by the
Mayors of Oak Ridge, Anderson County, and Roane County to members of
the Tennessee delegation and others. Mike Bradshaw
emphasized that mention of Bechtel Jacobs and Wackenhut should be made
in such letters.
Joe Setaro mentioned that the cost of living increased 4.1% in 2007,
the highest rate since 1990. He will update our charts to show
what it would take to recover 75% of loss through 2007.
New Nominating Committee.
On Reichle’s recommendation, motion passed to appoint a new
Committee as follows: Lou Dunlap, Chair; Mike Bradshaw, Joyce
Conner, Bob Keil, Keith Kibbe, Charlie Kuykendall, and Paula Wright.
Discussions with B&W Technical Services Y-12 LLC.
Bob Worrell noted that we have been working with B&W staff for
several weeks urging them to get Towers Perrin to re-calculate the cost
of our two requests. Worrell and Joe Setaro met at Y-12 on
December 27 with Mark Keck. Setaro explained to Keck in detail
the methodology we used in calculating cost of the 75% recovery request
and to make sure Keck understands our request on the 2%
option. They left with the understanding that Keck will go
back to Towers Perrin to get a price for doing the
re-calculations. If the Towers Perrin price is too high, Keck
said they possibly can do the calculation in-house, using
Setaro’s spread sheet. Setaro said they did stress to Keck
that the reason we were there talking with him was that Senator
Alexander’s staff had talked to them, and had also gotten
estimates from us. We wanted to make sure that Keck understood
exactly what CORRE’s requests are, so that they can accurately
cost them. Keck thanked Worrell for insisting on the meeting, as
he now understands what CORRE is proposing.
Treasurer’s Report.
Paula Wright highlighted her report, copies of which had been
distributed. There were 24 new Active Members in December, and
balance on hand at end of December was $41,351.99, with approximately
3,080 Active Members. She stated that Ken Moore has the books and
is doing an audit for 2007.
Communications.
Marty Goolsby stated that she has been working on an electronic
newsletter, and will have a draft to Reichle on Wednesday for
approval. Reichle asked Bob Keil, Joe Setaro, and Bob Worrell to
serve as a committee to also review and approve newsletters.
Setaro suggested we request that Retirement News publish an updated
table showing the number of retirees and the total annual dollar value
of pensions by county.
Paula Wright stated that she has been working on a CORRE brochure, and
will soon have a draft ready for review by Board members.
Government Relations Committee.
Pete Lotts was absent due to medical appointments, and Keith Kibbe was
out of town. Dub Shults reported that he, Bob Keil, and Pete
Peterson attended a meeting with the Legislative Affairs Committee of
Oak Ridge City Council. City staff went through a list of all the
activities they are asking their lobbyist to do, and helping CORRE was
included. Kareem Murphy is the lobbyist contact, and Amy
Fitzgerald is the contact for the City.
Reichle stated that he and Joe Setaro had been talking about what more
things we need to be doing. Bob Henderson highlighted the e-mail
he had sent out earlier in the day regarding issues as he saw
them. Reichle scheduled a Strategic Planning Meeting for 1:00
p.m., Wednesday, February 13, for those Board members and Advisors who
wish to attend.
ORNL Benefits Advisory Committee.
Joe Setaro had nothing to report, since the December meeting was
cancelled due to the holidays, and the January meeting also fell on a
holiday, but will be rescheduled.
Adjournment. The meeting adjourned at 4:00 p.m.
Mary Helen Rose, CORRE Secretary
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