CORRE BOARD MEETING
Apr 21, 2021

Attendees: Whitehead, Angelelli, Whitley, Petrie, Gibson, B Shoemaker, Swift, J Shoemaker, Manrod, Hubbard, Peterson, Kibbe, Rogers, Standifer, Stocks, Hightower, McRae, Davis

• March Minutes – Approved.

• March Treasurer’s Report – Approved.
• CD expires end of March; will auto-renew.
• Peterson – Renew for shorter period.
• McRae – Check K-25 FCU.
• Whitehead – Authorize Luther to check.
• Peterson – Motion: Let Luther evaluate; passed.

• UT-Battelle – Hightower
• Will be getting with Scott McIntyre next month.

• CNS – Whitley
• Cannot go to Benefit Plans at Y-12.
• Retirees need contact.
• New NPO manager is Theresa Robbins.

• Golden Services – Rogers
• Karen Hamilton will not return calls.

• UCOR – Peterson
• Contract expires on July 31.
• Amentum-Jacobs bidders finished orals
• Probably 6 month extension.
• Pension fund 82.4% funded.
• Will add extra $10M/yr for 4 years to get to 100%.
• Bids in early June.
• Meeting last 2 weeks of June.
• Asked for suggested items for meeting.

• Strategic Planning – Manrod
• Reviewed CORRE Mission/Vision Statements
• Suggested revisions including description of who constitutes all eligible members, references to health benefits and maintenance, as well as improvement of benefits.
• Conducted Situation Analysis
• Examined stakeholder motivation to address retiree benefits.
• Reviewed factors affecting pensions and pension funding.
• Discussed the likelihood of continued increase in health care costs and how to address in retiree benefit packages.
• Discussed general trends for retiree defined benefit programs.
• Discussed the potential impact of the increasing federal budget deficit on federally funded pension programs.
• Discussed potential transition of ETTP to a closure site and DOE Office of Legacy Management.
• Examined the potential impact of changes to prime contractors to retiree benefit packages.
• Discussed how to expand communication with CORRE membership.
• Discussed key CORRE objectives and issues.
• Objectives
• Safeguard pension funds and the administration of equitable retiree benefits by DOE and prime contractors.
• Cultivate and maintain mutually supportive stakeholder relationships.
• Ensure CORRE is and will continue to effectively fulfill its mission.
• Issues
• Pension funding.
• Pension increases.
• Surviving spouse benefit equity.
• Supplemental health insurance coverage.
• DOE and contractor management changes.

• Issues cross-cut committees – Whitehead -- Each committee chair report briefly at the May 19 Board meeting how their respective committee can help fulfill the 3 Objectives and address the Issues.
• Leadership will distill the few key items that we focus on for contact teams.

• Adjourn at 12:09.

• After Adjourn
• Swift – Bylaws discussion next meeting
• Committee will present recommendations; not open discussion like SP.
• Rogers – Nominating Committee
• Beginning April 1, nominating committee will solicit nominations.
• Judy will send out emails.
• Swift -- Bylaws will say “not more than” 22 members.