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It appears there was little “flight-to-safety” during the
pandemic which suggests that participants are being
disciplined in their long-term asset allocation strategies.
Bob also mentioned a program offered by MassMutual
called Health Bridge which offers life insurance coverage
to “front line” health care workers. This program totals
$3B and is available to participants whether they are in a
MassMutual Plan or affiliated with a client. The County
will review ways to get this information out the potentially
eligible individuals.
Patrick discussed providing education in both group and
individual “meetings” remotely. Participation in April, May
and June have been very high both for group and
individual meetings. The County will be discussing virtual
options in the future, even after face-to-face meetings
resume. This will be one of the major topics at the
October 28, 2020 annual retreat.
6. NAGDCA Attendances NAGDCA canceled its Seattle conference, but will be
offering virtual educational programs from October 5,
through October 29, 2020. Paul talked about the
programs that will be offered and the NAGDCA website
provides additional information on topics and speakers.
The registration fee is $100 and several Committee
members expressed a desire to participate. The
Committee agreed to agendize this topic for both
November and February. Jay provided information
toward the end of the meeting indicating that NAGDCA
would record the sessions for registrants and would
make the information available to NAGDCA members in
early 2021.
7. Approval of MassMutual on-line Fraud Bob provided a brochure which covered fraud prevention
Prevention Document strategies for participants. The brochure has been
approved by MassMutual compliance for circulation and
Kim will work on distributing the information to plan
participants.
8. Review and Approval of Education Policy Paul indicated that neither NFP nor MassMutual were
Statement recommending any changes to the EPS but the policy
was not included in the packet so this item will be
