ONE-T has three established Committees as defined below. Each Committee meets regularly throughout the year and works with various external experts, as needed, including auditors, legal counsel, benefits consultants, insurer(s), actuaries, and third-party administrators to deliver on their key areas of responsibility. Where necessary, the Committees provide their recommendations to the Board of Trustees for all final approvals.
Responsible for maintaining funding policies, evaluating the Plan’s performance each year, working with actuaries to analyze and project the Plan’s financial position, working with auditors to prepare annual filings, preparing and managing the ONE-T’s budget, and more.
Works closely with benefit consultants and actuaries to monitor the plan design, monitors plan management, vendor performance, stakeholder engagement and experience (e.g., surveys, member updates, bulletins, website), and more.
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