PERAC Memo #44 - 2001: Insurance Article
Insurance Article
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PERAC Memo #44/2001 transmits an educational article on insurance coverage for retirement systems—covering types of policies, appropriate coverage levels, and associated costs—to assist boards in securing adequate protection for system assets. The memo is informational only; boards are not required to take any specific action but should review the material and use it to evaluate their own insurance coverage decisions.
Full Text
PERAC MEMO # 44/2001
M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Executive Director RE: Insurance Article
DATE: December 10, 2001
One of the most important actions a retirement board must take is that of securing sufficient insurance coverage to protect the assets of the system. Issues relating to the types of insurance coverage available, the amount of coverage obtained and the costs associated with various policies can be confusing. In order to provide you with information that will assist you in making insurance related decisions we have obtained copies of the enclosed article for each board member. The material is easy to understand and relevant to retirement system insurance coverage. We hope that you find it informative and helpful.