[SchoolFinance] Meeting 4/9 Private MSMA PFMLA

[Kristal Flagg]

Our district will be forwarding this to our board at our next meeting as
well.
Sincerely,

Kristal A. Flagg
Business Manager
RSU #73
9 Cedar Street
Livermore Falls, Maine 04254
207-897-6722

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On Fri, Apr 11, 2025 at 10:18 AM Heather Reale <hreale at wocsd.org> wrote:

> 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
>>>>> _______________________________________________
>>>>> SchoolFinance mailing list
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>>>>> http://maillist.informe.org/mailman/listinfo/schoolfinance
>>>>
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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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>
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