Multistate Tml Intergovernmental Employee Benefits Pool

“TML Multistate IEBP is organized as a voluntary employee benefits association [VEBA] and a Chapter 172 organization serving local governments throughout the state of Texas. Said governments and their employees become members of this benefits pool upon electing TML to administer their health benefits.”

“Our member cities are divided in geographic regions throughout the State. The Board of Trustees are selected through elections in each region.”

“This Form 990 is prepared by the CFO. It is reviewed multiple times during this process. The electronic filing system does review and audit functions of the return. Completion of the return is reported to the governing body in one of the quarterly meetings. The audit function also reviews whether the Form 990 has been adequately completed.”

“This conflict of interest policy is reviewed with governing body (Board Members) annually by their General Counsel. Board members are required to validate their compliance with this policy through their signature. Additionally, the external financial statement auditors review signed forms, and will do testing of compliance with this policy during the annual audit.”

“For all employees below the level of Executive Director, area surveys are done to maintain equitable salary compensation. For the Executive Director position, the Board directs their attorney and HR Dept to research similar data and to bring about salary recommendations, as well as comparison with like or like sized organizations.”

“Audited financial statements are sent to any member that requests them. They are also sent with all proposals for new business. They are also placed on file with the State Board of Insurance. TML Multistate IEBP complies with any "Open Records" requests.”

“A return of member equity in the amount of $4,000,000 was declared by our Board of Trustees during FY 2020-2021. There were forfeitures or 'Unclaimed Equity" that was recognized in the year of this return.”