Document 2jmJo4L1L8gzGRKLGjv2n47ka
MINUTES of the BOARD OF DIRECTORS MEETING
RATIONAL INSULATION MANUFACTURERS* ASSOCIATION
Dalles, Texas
October U, 1970
The meeting was called to order at 1:30 P.M. with the following in attendance:
P.D. Kaley, Chairman R.W. Henry R.S. Naylor J.H. Price, Jr. J.F. Vyverberg M.M. Wilson F.R. Winnert J.M. Barnhart
PPG Industries GAP Corp.
Johns-Manville Pittsburgh Corning Owens-Corning Keene Certain-Teed/St. Gobain FIMA
APPROVAL OF MINUTES
A wotion was Bade, seconded, and passed that the Minutes of the Board of Directors Meeting of April 23, 1970, as bulletined by the Association, be approved.
TREASURER'S REPORT
J.?. Vyverberg outlined the Association's Balance Sheet, Statement of Income and Expenditures, and the Duct Systems Program as of August 31, 1970.
The Treasurer's Report is attached hereto and made part of these Minutes.
A motion was made, seconded and passed to accept the Treasurer's Re port.
ASSOCIATION EXPARSION
R.S. Saylor recounted his contacts with the HMWIA to discuss possible canon interests.
J.H. Price, Jr. was appointed Chairman and is to pick his Committee Members to explore this subject further with HMWIA.
SEW MEMBERSHIP
Contacts with various insulation manufacturers realized no nev mem berships at this time.
It was agreed to continue this subject as an item for discussion on future Agendas.
HEALTH fc SAFETY
It vti unanimously agreed to change the name of Committees as follovs:
1. Occupational Health & Safety Committee to
Medical and Scientific Cosmittee.
2. Legislation and Education Comaittee to
Health and Safety Committee.
It was agreed to include $15,000 for out of pocket expenses for health and safety purposes in the 1971 Budget.
C.L. Sheckler vas authorized to advise RICA that ITIKA would support them in health and safety matters through their Association.
EMPLOYEE BENEFITS
It vas agreed that the following program would he in effect retroactive to August 2U, 1970;
Total Cost Program 1. Retirement Income - Age 65
Present $20,000 Retirement Income at 65 Additional $20,000 Retirement Ineome at 65
Disability Waiver of Premium Accidental Death Benefit
To Add to Scisting Plan
$ 1320.80 2322.60 99.20 22.1*0
Disability Waiver of Premium Accidental Death Benefit
99.20 22.1*0
Contribution Por Present and Proposed Deferred Compensation ftrogroms
$ 3886.60
2. Medical Coverage
Hospitalization - $35-00/day Surgical - $600.00 Schedule Major Medical - $15,000 ($1,000 Deductible) in cluding Both Jack and Louise Barnhart
151.**1 30.1*0
**3252
Total Medleal Coverage Cost
$ 717.85
Total Cost Combining Both Medical and Retirement Programs $ L60U.U5
SM Present Paying For Medical and Retirement frogroms
$ 1606.13
Increased Cost Per Year for lev Recommended Medical and
Retirement Program
$ 2998.32
To be financed out of surplus.
The progrsa will be reviewed on a five year basis.
l<Tfl BUDGET
It was agreed that the 1971 BUDGET would aaount to $56,290. A copy of the Budget is attached hereto and made part of these Minutes.
PRECAUTIONARY LABEL
It was suggested that the following be used as a label on products con* talalng asbestos:
"Caution: Contains asbestos fiber. Inhalation in excessive quantities over long periods of tiae aay be hamful.
Avoid breathing dust. If adequate ventilation is not possible, wear respirators approved by the U.S. Bureau of Mines for pneumoconiosis producing dust.1'
APPOCnMEST OF EXECUTIVE COMMITTEE
The following were appointed to serve on the Executive Cocaittee for 1970-1971:
P.D. Sale?
B. Lessen B.E. Baylor J.H. Price, Jr. J.P. vyverberg
SPRING MEETING LOCATION
It was agreed that the Spring Meeting would be held at the Boaestead, Hot Springs , Ve., on April 26 , 27, 1971.
ADJOURNMENT
There being no further business, the aeeting was adjourned.
JJ4. Barnhart