[SchoolFinance] Meeting 4/9 Private MSMA PFMLA

[Heather Reale]

I read through all the slides from the meeting.  I want to make sure that I
clearly understand **  If we sign on with the private plan and we have a
CBA that expires *after* the 5/1/26 date we still need to pay for these
individuals?  In other words, the effective date for any school district
that enrolls with Guardian has to begin paying the .88% for all employees
on 5/1/2026.


*Heather A. Reale, MBA, Finance*
Director of Finance
Wells-Ogunquit Community School District
hreale at wocsd.org
207-641-6909


On Thu, Apr 10, 2025 at 2:37 PM Dawn Fickett <dfickett at msad37.org> wrote:

> Heather, if you go with this private plan, it won't have anything to do
> with the state.  We still have to pay the first quarter of this year to the
> state and can't recoup that, but going forward, we will make payments to
> Guardian for the tax and they will administer the paid leave plan, not the
> state.
> Dawn
>
> On Thu, Apr 10, 2025 at 1:44 PM Heather Reale <hreale at wocsd.org> wrote:
>
>> This is great, thank you. What did they say are the advantages of going
>> with them dealing directly The State of Maine? Do we send the payments
>> directly to them and they pay the State?
>>
>>
>> *Heather A. Reale, MBA, Finance*
>> Director of Finance
>> Wells-Ogunquit Community School District
>> hreale at wocsd.org
>> 207-641-6909
>>
>>
>> On Thu, Apr 10, 2025 at 12:07 PM Sherry Moody <smoody at mcst8.org> wrote:
>>
>>> The Guardian is the selected company. May 31 is the deadline to submit
>>> to DOL for a private plan if you want to switch with an effective date of
>>> 4/1/25.
>>>
>>> Employees are not required to participate until collective bargaining
>>> agreements expire.
>>>
>>> We must stay with a private plan for 3 years per statute. Rates offered
>>> are .88% and .98% (depending upon individual schools.
>>>
>>> 82 districts did submit census data. If we participate, you will be the
>>> policy holder, not MSMA. The Guardian will need census information annually
>>> as part of our reporting.
>>>
>>> A school board vote is required to participate. Wendy Douglas is the
>>> contact and a letter of intent will be necessary after the board vote.
>>>
>>> Wendy will be the contact person at MSMA for this process and afterwards.
>>>
>>> Once the private plan application goes to the DOL, the Guardian will
>>> need an application by November as well.
>>>
>>> There is a 13 month exemption period once the process is in place.
>>>
>>> These are my own notes so hopefully I got most of it correct.
>>>
>>> Sherry
>>> ----
>>> Sherry Moody, Business Mgr
>>> Mid-Coast School of Technology
>>> 1 Main Street
>>> Rockland, ME 04841
>>> (207) 594-2161
>>> www.mcst8.org
>>>
>>>
>>> On Thu, Apr 10, 2025 at 11:04 AM Heather Reale <hreale at wocsd.org> wrote:
>>>
>>>> Hi,
>>>> Any feedback from the MSMA meeting yesterday on the Private PFMLA
>>>> options?  I was not able to attend.
>>>> Thank you
>>>>
>>>>
>>>> *Heather A. Reale, MBA, Finance*
>>>> Director of Finance
>>>> Wells-Ogunquit Community School District
>>>> hreale at wocsd.org
>>>> 207-641-6909
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>
>
>
> --
>
>
>
>
> *Dawn L. FickettAssistant SuperintendentRSU/SAD #37*
> *1020 Sacarap Road*
>
>
> *Harrington ME 04643Telephone: 207-483-2734Fax: 207-483-6051*
>
>  *“Education is one thing no one can take away from you.” —Elin Nordegren*
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