Document mmNxrvoGKXNM1avLYN3ROyNNJ

\ KEjUTES of the BOARD OF DIRECTORS MEETING RATIONAL INSULATION MANUFACTURERS' ASSOCIATION Dellas, Texas October 1*, 19TC The meeting was called to order at 1:30 P.M. with the following in attendance: P.D. Kaley, Chairman R.V. Henry R.E. Naylor J.H. ftrice, Jr. J.P. Vyverberg M.M. Wilson P.R. Vinnert J.M. Barnhart PPS Industries GAP Corp. Johns-Manville Pittsburgh Corning Ovens-Corning - Keene Certain-Teed/St. Gobain FIMA . APPROVAL OF MINUTES A action was Bade, seconded, and passed that the Minutes of the Beard of Directors Meeting of April 23, 1970, as bulletined by the Associa tion, be approved. TREASURES *S REPORT J.7. 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 Bade part of these Minutes. A notion was Bade, seconded and passed to accept the Treasurer's Re port. ASSOCIATION EXPANSION R.E. Saylor recounted his contacts with the BMWIA to discuss possible canon Interests. - J.H. Price, Jr. was appointed Chnirnan and is to pick his Committee Members to explore this subject further with HMWIA. HEW MEMBERSHIP Contacts with various insulation nanufacturers realised no new mem berships at this time. It was agreed to continue this subject as an item for discussion on future Agendas. HEALTH k SAFETY Zt vti unanimously agreed to change the name of Committee* as follows: 1. Occupational Health & Safety Committee to 1 Medical and Scieatlfle Coanittee. 2. Leglelatloa and Education Canalttee to Health and Safety Committee. It was agreed to include $15,000 for out of pocket expeases for health and safety purposes ia the 1971 Budget. C.L. Sheckler was authorized to advise SICA that RIKA would support them in health and safety aatters through their Association. EMPLOYEE BENEFITS It was agreed that the follovieg program would he in effect retroactive to August 2U, 1970; Total Coat Program 1. Retirement Income - Age 65 Present $20,000 Retirement Income at 65 Additional $20,000 Retirement Income at 65 Disability Waiver of Premium Accidental Death Benefit $ 1320.80 2322.60 99.20 22.1*0 To Add to Bcisting Plan Disability Waiver of fremlua Accidental Death Benefit 99.20 22.1*0 Contribution for Present and Proposed Deferred Compensation Programs $ 3886.60 2. Medical Coverage Hospitalization - $35.00/day Surgical - $600.00 Schedule Major Medical - $15,000 ($1,000 Deductible) in ' eluding Both Jack and Louise Barnhart 151.1*1 30.10 U32.52 Total Medical Coverage Cost Total Cost Combining Both Medical and Retirement Programs $ 717.85 $ U6OU.U5 SIMA Present Paying For Medical and Retirement Programs $ 1606.13 Increased Cost Per Year for lev Recommended Medical and Retirement Program * $ 2996.32 * To be financed out of surplus. The program will be reviewed on a five year basis. 1971 BUDGET It was agreed that the 1971 BUDGET would amount 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 taining asbestos: "Caution; Contains asbestos fiber. Inhalation in excessive quantities over long periods of time may be harmful. Avoid breathing dust. If adequate ventilation is not possible, wear respirators approved by the U.S. Bureau of Mines for pneumoconiosis producing dust." AFPonriMBrr of executive cowans The following were appointed to serve on the Executive Ccmittee for 1970-1971: P.D. Kaley B. teaman B.E. Baylor J.H. Price, Jr. J.P. Vyverberg SPRIKG MEETING LOCATION It was agreed that the Spring Meeting would be held at the Homestead, Bot Springs , Va., on April 26, 27, 1971. ADJOURNMENT There being no further business, the meeting was adjourned. JM. Barnhart %