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NOTICE:

The Municipal Excess Liability Residual Claims Fund (hereinafter the “Fund”) seeks to engage firms to fill the following positions for the 2018-2020 Fund Years:

Actuary, Attorney, Auditor, Claims Supervisor, Executive Director, Deputy Executive Director and Treasurer.

These contracts will be awarded through a fair and open process pursuant to NJSA 19:44A-20.4 et seq. Copies of the specifications may be obtained from the Fund office at 9 Campus Drive-Suite 16, Parsippany, NJ 07054 Telephone 201.881.7632. Proposals must be submitted by 2 PM, July 21, 2017.  

Municipal Excess Liability Residual Claims Fund

NOTICE

Notice is hereby given that the RCF Claims Review Committee of the Municipal Excess Liability Residual Claims Fund, a public entity established under NJSA 40A:10-6, has changed their July meeting date to Tuesday July 18, 2017 at 9:00AM. Committee will meet via teleconference and will be initiated from the fund office located at 9 Campus Drive – Suite 216, Parsippany, NJ.

 

2017 Board of Fund Commissioners

David Matchett Chairman BURLCO JIF
Brian Bigler Secretary NJUA JIF
Joseph Wolk Executive Committee Camden JIF
Tom Nolan Executive Committee Monmouth JIF
John Clarke Executive Committee  MEL JIF 
Paul Shives Executive Committee Ocean JIF
Madeline Cook Executive Committee NJPHA JIF
Richard Hirsch Alternate #1 Atlantic JIF
Joh Rheinhardt Alternate #2 Morris JIF
Joseph Catenaro Alternate #3 Suburban Essex JIF
James Gildea Alternate #4 Suburban Municipal JIF
Tom Czerniecki Alternate #5 PMM
Robert Landolfi Alternate #6 Central JIF
Robert Law Alternate #7 Trico JIF
Gregory Franz Alternate #8 South Bergen JIF
Paul Tomasko Alternate #9 Bergen JIF


Fund Professionals

Executive Director PERMA Risk Management Services
Deputy Executive Director  Arthur J. Gallagher Risk Management Services 
Attorney  Dorsey & Semrau
Actuary   The Acturial Advantage 
Treasurer  Charles Cuccia 
Auditor  Ferraioli, Wielkotz, Cerullo & Cuva. P.A.
Claims Data Consultant  Qual-Lynx
Claims Supervisor  CB Claims
Asset Manager  Wilmington Trust
Banking Manager Investors Bank


2017 Meeting Schedule

The Municipal Excess Liability Residual Claims Fund, a public entity established under NJSA 40A:10-36 et seq., has adopted a Resolution Establishing Meeting Dates and Places at its January 4, 2017 Executive Committee meeting held at the Forsgate Country Club in Jamesburg, NJ.

Residual Claims Fund: All meetings, except where noted, are held on Wednesday at 10:30 AM

March 1, 2017     Forsgate Country Club, Jamesburg    10:30 am
June 1, 2017 Forsgate Country Club, Jamesburg 10:30 am
September 6, 2017    Forsgate Country Club, Jamesburg 10:30 am
October 18, 2017  Forsgate Country Club, Jamesburg 10:30 am
January 3, 2018 Forsgate Country Club, Jamesburg 10:30 am

 

The RCF Claims Committee will meet on the same day as the Executive Committee at the above listed locations at 9:00AM before the Fund meeting. The RCF Claims Committee will not be meeting in November.

PUBLIC NOTICES

NOTICE

In accordance with the bylaws of the Municipal Excess Liability Residual Claims Fund and state statutes governing municipal self insurance, below is the Fund's amended 2016 budget, which was adopted at the meeting held on October 19, 2016 at 10:30 AM at the Forsgate Country Club, Jamesburg, NJ.

 2016 AMENDED BUDGET

CLAIMS 23,361,399
REINSURANCE PREMIUMS 65,000
LOSS FUND CONTINGENCY 610,000
ADMINISTRATOR 190,167
DEPUTY ADMINISTRATOR 64,688
ATTORNEY 39,370
CLAIMS SUPERVISION & AUDIT 56,912
TREASURER 36,963
AUDITOR 21,835
ACTUARY 38,981
MISCELLANEOUS 22,813
EXPENSE CONTINGENCY 128,271
TOTAL BUDGET 24,636,399

                       

NOTICE

In accordance with the bylaws of the Municipal Excess Liability Residual Claims Fund and state statutes governing municipal self insurance, below is the Fund's 2017 Budget which was adopted at the meeting held on October 19, 2016 at 10:30 AM at the Forsgate Country Club, Jamesburg, NJ.

2017 BUDGET EXPENSES

REINSURANCE PREMIUMS 78,000
LOSS FUND CONTINGENCY 0
ADMINISTRATOR 193,970
DEPUTY ADMINISTRATOR 65,982
ATTORNEY 40,157
CLAIMS SUPERVISION & AUDIT 58,050
TREASURER 37,702
AUDITOR 22,272
ACTUARY 39,761
MISCELLANEOUS 23,835
EXPENSE CONTINGENCY 128,271
TOTAL BUDGET 688,000

 


Meeting Agendas & Minutes

2014 Agendas 2014 Minutes
January 2014 January 2014
March 2014 March 2014
June 2014 June 2014
September 2014 September 2014
October 2014 October 2014
   
2015 Agendas 2015 Minutes
January 2015 January 2015
March 2015 March 2015
June 2015 June 2015
September 2015 September 2015
October 2015 October 2015
   
2016 Agendas 2016 Minutes
January 2016 January 2016
March 2016 March 2016
June 2016 June 2016
September 2016 September 2016
October 2016 October 2016
   
2017 Agendas 2017 Minutes
January 2017 January 2017
March 2017 March 2017
June 2017  

 


Fund Documents
RCF Bylaws

2017 Cash Management Plan

2017 Risk Management Plan


Annual Year End Audit

2016 Fiscal Audit 

2015 Fiscal Audit

2014 Fiscal Audit

2013 Fiscal Audit

 

N.J. Dept of Banking and Insurance Examination Report

2013 Filed Examination Report


Public Bids - 
 

There are no bids at this time.