NOTICE PURSUANT TO N.J.S.A. 10:4-6
Notice is hereby given, pursuant to N.J.S.A. 10:4-6, et seq., and in consideration of Executive Order No. 103, issued by Governor Murphy on March 9, 2020, declaring a State of Emergency and a Public Health Emergency in the State of New Jersey, that the Municipal Excess Liability Joint Insurance Fund, public entity established under NJSA 40A:11-5 (1) et. seq., does hereby notify the public that to protect the health, safety and welfare of our citizens while ensuring the continued functioning of government, the meeting of the Municipal Excess Liability Joint Insurance Fund scheduled for 11:15 a.m., January 6, 2021 at the Forsgate Country Club, Monroe Twp. NJ. will be held TELEPHONICALLY.
Fund Commissioners, Fund Professionals, Risk Management Consultants and Members of the public who wish to participate in the meeting may do so by calling 1-929-205-6099 and enter Meeting ID 940 2957 2665 at 11:15 a.m. Individuals calling into this number will be able to fully participate in the meeting, including providing public comment. A non-public dial-in number will be used if an executive session is required.
In accordance with the bylaws of the Municipal Excess Liability Joint Insurance Fund and state statutes governing municipal self-insurance, below is the Fund’s 2021 Budget which was introduced at the meeting held on May 1, 2020 and was adopted at the Public Hearing held telephonically on Wednesday, June 3, 2020 at 11:15 a.m.
|Excess Liability Claims Fund||$6,880,872|
|Excess Workers Compensation Claims Fund||$6,129,312|
|Excess Property to 500K||$3,032,300|
|POL/EPL Land Use||$1,042,919|
|Aggregate Excess LFC||$13,920|
|JIF Faithful Performance Bond/Statutory Bond||$197,448|
|Loss Fund Contingency||$1,582,525|
|Optional Excess POL/EPL||$629,275|
|Excess Workers’ Compensation Premiums||$2,501,301|
|Excess Liability Premium||$3,069,128|
|Optional Excess Liability||$2,131,417|
|Excess Property Premiums||$9,346,830|
|Expenses, Fees & Contingency||$5,426,530|
NJ MEL 2020 Meeting Schedule & 2021 Reorganization
All meetings are held at the Forsgate Country Club, 375 Forsgate Dr, Monroe Twp., unless otherwise noted*
- March 27, 2020* |
Princeton Marriott at Forrestal, Princeton| 9:00AM | *** Meeting to be held via teleconference only, starting at 9:45 a.m. – DO NOT COME TO THE MARRIOTT . Contact the Fund office for more information. ***
- May 1, 2020 | Meeting to be held via teleconference only | 10:30 a.m.
- June 3, 2020 | Meeting to be held via teleconference only | 11:15 AM
- September 2, 2020 | Meeting to be held via teleconference only | 11:15 a.m.
- October 21, 2020 | Meeting to be held via teleconference only | 11:15 a.m.
- November 18, 2020* | Meeting to be held via teleconference only | 12:30 p.m.
- January 6, 2021 | Meeting to be held via teleconference only | 11:15 a.m.
The MEL Claims Review Committee will meet on the same days as the Executive Committee at the above listed locations immediately following the Fund meeting with the exception of the March and November meeting dates. The MEL Claims Committee will meet in person at PERMA’s Camden office at 2 Cooper Street, Camden, NJ and via teleconference at 10:30 a.m. on March 5, 2020; May 6, 2020, July 16, 2020 and December 2, 2020.