League Seeks City Official for Open Trust Board Position

The League of Minnesota Cities Board of Directors is seeking an elected or appointed city official to fill one opening on the League of Minnesota Cities Insurance Trust Board of Trustees. The appointment will fill the remainder of a term expiring on March 31, 2019, with eligibility to serve up to four additional three-year terms.

Background

Members of the Board of Trustees are appointed by the League Board of Directors. Trustees must be from a city that is a participating member in the Trust. One of the seven trustees must be the League’s executive director, at least two must be elected officials, and at least one trustee must also be a member of the League Board of Directors.

Responsibilities

The Board of Trustees is the governing body of the Trust. The Board’s responsibilities include business such as:

  • Overall management and policy direction.
  • Setting premium rates.
  • Making decisions about dividend returns.
  • Establishing the budget for in-house operations.
  • Overseeing investments.
  • Approving coverage changes.
  • Reviewing and approving audits.

See the Board of Trustees’ Summary of Expectations and the Risk Management section of the League’s website for more information.

Meetings

The Trust Board typically meets six to eight times per year and annually for a strategic planning retreat in February or March. This year’s retreat will be held Feb. 5-6, 2019 in White Bear Lake and the new Trustee will be encouraged to attend, if available.

Compensation

The Trust reimburses trustees for travel expenses to attend meetings. In addition, trustees who are not compensated by their home city for time spent attending Trust Board meetings are eligible for a $100 per diem payment for each meeting day.

Selection criteria

The League Board recognizes the importance of maintaining a Trust Board that is representative of the Trust membership. To achieve this, in addition to evaluating the skill and competencies of prospective candidates, the League Board tries if possible to achieve balance by weighing each candidate’s geographical location, size of city, gender, race, city position, League experience and involvement, and positions held in other organizations.

Application and interview process

To apply, send a letter or email expressing your interest to serve on the Board of Trustees. Please include:

  • A brief outline of your background and experience as a city official.
  • Your experience with the League and with the Trust, if any.
  • The reasons for your interest in serving on the Trust Board.

Send applications to:
Laura Honeck
Trust Operations Manager
League of Minnesota Cities
145 University Ave. W.
St. Paul, MN 55103
Email: lhoneck@lmc.org Fax: (651) 281-1298

Applications will be accepted through end of business day on Dec. 14, 2018. The League Board’s Executive Committee has tentatively set aside Jan. 9 to interview candidates, and they will make a recommendation to the League Board no later than Jan. 17, 2019.