CORRE BOARD OF DIRECTORS MEETING
May 17, 2023

Attendees: Whitehead, Hightower, Gibson, Petrie, Kibbe, Jessen, Standifer, Cox, McSpadden, Shoemaker, Manrod, Riggs, Wasilko, Whitley, Burton, Hubbard, Chilcoat

Meeting called to order at 10:01

April Meeting Minutes approved

April Treasurer Report approved; CD’s reinvested to get 5.1% APR.

Contractor Contact Team Reports

CNS - No report; The committee needs to negotiate agenda for upcoming meeting. Gibson has prepared a list of questions about pensions issues to give to contractors.
Golden Services – Odom is leaving, going to ORNL. Meeting during third week in June will be in person. RFP to be issued this month; anticipate 6 month extension of contract.
UCOR – Meeting with UCOR to be in June or July; will send potential agenda. Meeting will be in-person limited to three people. John Hickey is developing a white paper on a new schedule for benefits. Benefit valuations (Ben-Val) study initiated to be completed by June. UCOR is anticipating 90% pension funding for next year.
UT-Battelle – No new report. Meeting scheduled May 31 via Zoom. Hightower to send Carissa the list of pension questions developed by Gibson.

Committee (and Task Team) Reports

a. Planning – McSpadden has a colleague who does strategic planning and is willing to work with us pro bono. Consensus is to have him work with us. McSpadden to follow up.
Ideas for retiree benefits as a recruitment tool
Consider outreach events to engage retirees
Gift CORRE contributing memberships to new retirees
Include benefit information on website
Contact teams present inflation metrics to inform contractors of impacts on employees
b. Nominations – No report. Need to poll board members for plans to return to next year’s board
c. Communications – Kibbe needs a list of board members’ social media involvement. Looking for ideas to increase social media usage.
Board Meeting Format Discussion Poll for desired format (Initial and Runoff of Highest 2)
1. Zoom only all board meetings 4
2. In person all mtgs 2
3. In person plus Zoom optional 4 11
4. V 1 for 3 meetings plus version 3 for 1 meeting 7 6
In person meetings to be held at ATLC facility; Whitley to reserve.
d. Website – A list of basic changes were sent to T. Byrd; incorporating these has been delayed. McSpadden sent out a list items to the committee; the committee will prioritize the list and assign responsibility to develop.
e. Improving Communications Task Team -
f. Other DOE Sites – Discussion on how did SRS get a large turn-out for their annual meeting. SRS gets contractor contributions and assesses annual dues. Standifer will temporarily act for Stocks as committee chair.
g. Governmental Relations – No report. Gibson: ORSSAB did not include mention of post-retirement benefits in DOE-OR EM priority.
h. Annual Meeting – McRae has been looking at venues for holding annual meeting. AMSE can accommodate ~130 but fees are expensive. UT Resource Center can accommodate 120-130 and doesn’t charge a fee; tentative reservation made. Has not talked to Y-12 about New Hope Center. The discussion in the board meeting indicated a preference for the UT Resource Center.
i. Pension Fund Analysis – Reviewing other Annual Funding Notices and updating inflation data in our presentation.
j. Bylaws – Revisions have been developed and the committee will finalize these on Tues., May 23. Changes to be voted on by the board at the June meeting.
k. Executive (Pension Increase Initiative) – Our presentation has been updated and e-mailed to congressional staffers. No help offered yet.
Other Business

a. IRS Reporting Resolution – No feedback from IRS yet.

b. 2022 Filing – Filing for 2022 has been submitted and acknowledged.

c. Authorization of BOD Expenditures/Reimbursements No requests last month

Adjourned at 11:48

Submitted by Bob Hightower