{"id":4853,"date":"2013-07-23T09:31:06","date_gmt":"2013-07-23T13:31:06","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/?p=4853"},"modified":"2013-07-23T09:32:28","modified_gmt":"2013-07-23T13:32:28","slug":"liability-and-retirement-accg-plans-lcc-2013-07-22","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2013\/07\/liability-and-retirement-accg-plans-lcc-2013-07-22.html","title":{"rendered":"Liability and retirement ACCG plans @ LCC 2013-07-22"},"content":{"rendered":"

\r\nThe county does have liability insurance that covers\r\nall employees, including Commissioners, we learned\r\n\r\n<\/a>\r\nat the\r\n\r\nMonday 22 July 2013 Lowndes County Commission Work Session<\/a>; they vote tonight.\r\nAnd the county is also adopting an ACCG plan for retirement for\r\na couple of new employees.\r\n<\/P>\r\n

\r\n\r\n\"7.e.<\/a>\r\n7.3. ACCG IRMA Liability Program Renewal \r\n<\/blockquote>\r\n

\r\nSomeone (I couldn’t interpret the Chairman’s mumble) said\r\nit’s for both property and personal liability.\r\nThis\r\n\r\nInterlocal Risk Management Agency<\/a> (IRMA)\r\nprogram from the Association of County Commissioners of Georgia (ACCG)\r\noffers discounts.\r\nThe question is $2,500 or $5,000 at $74,858 for a potential $7,000 savings.\r\n

\r\n\r\n\"Farther<\/a>\r\nCommissioner Crawford Powell wanted to know if there was history\r\ngoing farther back than a year.\r\nAnswer: the underwriter [Marsh] also offered a $10,000 deductible,\r\nbut that wasn’t cost-effective.\r\n

\r\nCommissioner John Page wanted to know whether this plan covered\r\nall employees.\r\n\r\n\"Does<\/a>\r\n\r\nAnswer:\r\n

\r\nIt does.\r\nIt covers your\r\ngeneral\r\nliability,\r\n law enforcement\r\nliability,\r\npublic officials\r\nliability,\r\nautomobile,\r\nphysical damage to property,\r\nequipment breakdown,\r\nand crime.\r\nSo it’s total coverage.\r\n<\/blockquote>\r\n

\r\nACCG describes this plan:\r\n<\/p>\r\n

\r\n

\r\nACCG Interlocal Risk Management Agency is a pooled risk-sharing\r\nprogram designed to fill the needs of county governments and\r\nauthorities for property and liability coverage. The members join\r\ntogether in contributing towards the ACCG — IRMA Fund, which\r\nis dedicated to providing cost-effective risk financing, greater\r\nstability, more flexibility, and quality loss control services. The\r\nFund is owned by its members and is managed by a seven-member Board\r\nof Trustees who are representatives from participating counties.\r\n<\/p>\r\n

\r\nSince its inception in 1987 at the request of Georgia county\r\ngovernments, Georgia law allowed county governments to pool their\r\nresources by forming a non-profit insurance fund as an efficient\r\nmethod of financing insurable risks, which ultimately reduces\r\ninsurance costs for the members. The Georgia legislature has\r\nauthorized the ACCG—IRMA to allow county authorities, regional\r\ndevelopment centers, libraries, and other similar government\r\nentities to participate in the fund. The ACCG — IRMA operates\r\nunder the authority of the Official Code of Georgia Annotated, et\r\nseq. 36-85-20, and is regulated by the Office of the Commissioner of\r\nInsurance for the State of Georgia. The ACCG — IRMA is\r\nsponsored and administered by the Association County Commissioners\r\nof Georgia (ACCG).\r\n<\/p>\r\n

\r\nThe ACCG — IRMA estimates the anticipated losses for its\r\nmembers. The insurance premiums, which are allocated for the\r\nanticipated losses, are deposited and invested until such time that\r\nthey are needed to pay claims. The funds, not used to pay claims and\r\noperating expenses, and the investment income earned on the premium\r\nbelongs to the membership. Dividends are possible because of\r\nfavorable results in the investment of premium dollars, and the\r\nsuccessful management efforts on the part of the counties and\r\nauthorities in reducing exposure by promoting safety and\r\nimplementing loss control techniques.\r\n<\/p>\r\n

\r\n\r\n\"Presenter\"<\/a>\r\n7.f. Resolution for ACCG-GEBCorp Retirement Eligibility Amendment \r\n<\/blockquote>\r\n

\r\nCouple of new employees missed being in county’s retirement plan,\r\nand this deals with that.\r\n<\/p>\r\n

\r\nHere are\r\n\r\nthe videos:<\/a>\r\n<\/p>\r\n

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