MEL Residual Claims Fund
NOTICE:
2022 Board of Fund Commissioners
- John Clarke | Chairman | MEL JIF
- Megan Champney | Secretary | Suburban Municipal JIF
- Paul Tomasko | Executive Committee | Bergen JIF
- Tom Nolan | Executive Committee | Monmouth JIF
- Joseph Wolk | Executive Committee | Camden JIF
- Brian Bigler| Executive Committee| NJUA JIF
- Joseph Catenaro | Executive Committee | Suburban Metro JIF
- Richard Hirsch | Alternate Executive Committee | Atlantic JIF
- Tom Merchel | Alternate Executive Committee| PMM JIF
- Sherry Sims | Alternate Executive Committee | NJPHA JIF
- Veronica Laureigh | Alternate Executive Committee | Ocean JIF
- William Northgrave | Alternate Executive Committee | Central JIF
- Robert Law | Alternate Executive Committee | Trico JIF
- Meghan Jack| Alternate Executive Committee | Burlco JIF
- Brian McNeilly | Alternate Executive Committee | Morris JIF
- Gregory Franz| Alternate Executive Committee | South 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 | Wielkotz & Company, LLC.
- Claims Data Consultant | Qual-Lynx
- Claims Supervisor | CB Claims
- Asset Manager | Wilmington Trust
- Banking Manager | Investors Bank
2022 Meeting Schedule & 2023 Reorganization
- March 25, 2022 | Friday | 9:00 a.m.| Princeton Marriott
- June 2, 2022 | Thursday | 10:30 a.m.| Forsgate Country Club, Monroe Twp, N.J.
- September 8, 2022 | Thursday |10:30 a.m. | Forsgate Country Club, Monroe Twp, N.J.
- October 19, 2022 | Wednesday | 10:30 a.m. | Forsgate Country Club, Monroe Twp, N.J.
- January 5, 2023 | Thursday | 10:30 a.m. | Forsgate Country Club, Monroe Twp, N.J.
The RCF Claims Committee will meet on the same day as the Board of Fund Commissioners / Executive Committee at the above listed locations at 9:30AM before the Fund meeting with the exception of the March meeting. The RCF Claims Committee will also meet at 9:30AM on March 2, May 4, July 20 and December 7, 2022 and will be held at PERMA’s Camden office at 2 Cooper Street, Camden, NJ and via teleconference.
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 2020 Amended Budget, adopted at the meeting held on Wednesday, September 1, 2021.
2020 Budget
| Description | Amount |
|---|---|
| Reinsurance Premiums | $10,000 |
| Loss Fund Contingency | $660,000 |
| Administrator | $205,842 |
| Deputy Administrator | $70,021 |
| Attorney | $42,615 |
| Claims Supervision & Audit | $61,603 |
| Treasurer | $40,010 |
| Auditor | $23,634 |
| Actuary | $42,194 |
| Miscellaneous | $24,798 |
| Expense Contingency | $135,283 |
| Total Budget | $21,262,580 |
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 2021 Adopted Budget which was adopted at a formal hearing held on October 21, 2020.
2021 Budget - Expenses
| Description | Amount |
|---|---|
| Reinsurance Premiums | $15,000 |
| Loss Fund Contingency | $0 |
| Administrator | $209,959 |
| Deputy Administrator | $71,421 |
| Attorney | $43,467 |
| Claims Supervision & Audit | $62,835 |
| Treasurer | $40,810 |
| Auditor | $24,107 |
| Actuary | $43,038 |
| Miscellaneous | $25,294 |
| Expense Contingency | $136,639 |
| Total Budget | $672,570 |
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 2022 Adopted Budget which was adopted at a formal hearing held on October 20, 2021.
2022 Budget-Expenses
| Description | Amount |
|---|---|
| Reinsurance Premiums | $15,000 |
| Loss Fund Contingency | $0 |
| Administrator | $214,158 |
| Deputy Administrator | $72,849 |
| Attorney | $44,336 |
| Claims Supervision & Audit | $64,092 |
| Treasurer | $41,626 |
| Auditor | $24,589 |
| Actuary | $43,899 |
| Miscellaneous | $25,800 |
| Expense Contingency | $139,651 |
| Total Budget | $686,000 |
Notice
Pursuant to N.J.S.A. 40A:10-38.14, listed are firms or individuals that have received more than $17,500 for services rendered to the Fund during 2020 (Click Here)
Fund Documents
RCF Bylaws
2022 Cash Management Plan
2022 Risk Management Plan
Annual Year End Audit
2020 Fiscal Audit
2019 Fiscal Audit
2018 Fiscal Audit
2017 Fiscal Audit