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NEW GROUP _INSURANCE PLAN



(Board of Trustees Meeting, January 30, 1977)



Turning to the discussion of a new group insurance plan os

College employees, the President of the College, with the consent

of the Chairman of the Board, invited the College's Business Manager,

Mr. Malcolm Kirwan, to join the meeting.



Mr. Kirwan presented a proposed group insurance plan for College

employees to the members of the Board.



In making his presentation, he indicated that the College had

acted to review the existing group insurance plan at the request of

the members of the Board of Trustees, as indicated at a previous

meeting. The College was now proposing, he stated, that employees

of the College be included as an affiliate group under the umbrella

of the Virgin Islands Government group plan, with a separate schedule

of benefits for College employees. He asked that the group insurance

plan go into effect on March 1, 197T-



The basic provisions of this new plan...were then outlined by

the Business Manager. He also discussed that portion of the plan



which was to be paid for by the employees and that portion which was



to be paid for by the College.



With the completion of this report, discussion followed, and it

was then moved, seconded, and agreed to adopt the plan except for

the retirement provision, With regard to this retirement provision,

it was agreed that qualifying language will be considered by the

Board at a subsequent meeting defining more fully the provisions of



the retirement portion of the plan.