As a participant in Calpers since 2003, employees participate in the local Miscellaneous (2 at age 60) plan. Employees with annual compensation in excess of the Internal revenue code (IRC) compensation and accrued benefit limits may participate in the qualified Supplemental Executive retirement Plan (qserp). The qserp provides Calpers-like pension benefits on the amount of compensation and/or accrued benefit in excess of the irc limits. Only qualified employees age 60 or older with at least ten years of service have vested benefits in the qserp. Betarma also maintains a section 457 Deferred Compensation Plan to which the employees and betarma contribute. The section 457 plan was required in order for betarma to opt out of Social Security, which it did in 1997. For the ceo, qserp benefits are limited to a retirement income replacement ratio of 60 of Final average earnings at age 63 and 65 at age. For all other qserp participants, benefits are limited to a retirement income replacement ratio of 70 for retirement, death or disability on or before age e amount that participants may receive from the qserp is reduced by the value of the calpers and Section 457.
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Annually, the ceos compensation and benefits haulage are reviewed by the beta council, and the ceos performance is evaluated against organizational and individual goals approved by the beta council. While labor negotiations and the performance evaluations are conducted in closed session, all actions regarding the employment contract, compensation and benefits are voted upon in a properly noticed open public meeting. The ceo has a targeted salary that is set each year by the beta council between the 60th and 75th percentile of the agreed upon peer group of medical liability insurance companies with targeted total compensation equal to the 75th percentile of total cash compensation. This approach, which is common among the peer group, rewards the ceo for performance by putting a significant portion of the total compensation at risk. Tcs provides the beta council with market information regarding the ceos salary, performance incentive, total cash compensation and benefits in comparison to the peer group to allow the beta council to make an informed decision regarding ceo compensation and benefits. Tcs has extensive and unparalleled experience and information with a client base that encompasses more than 75 medical liability insurance companies. The actual performance incentive awarded to betarmas ceo, if any, is determined objectively based upon the actual success in meeting or exceeding the ceos goals which are approved each year by the beta council. The beta council has sole discretion to determine if the ceo is eligible to earn additional performance incentive compensation and the amount of such compensation. To help attract and retain its exceptional staff of insurance professionals, betarma maintains a defined benefit retirement plan and a retiree medical plan. These plans will provide betarmas employees with both retirement income and post-employment medical care based on their age at retirement and years of service to betarma. Betarmas retirement plan is designed to provide a competitive level of retirement income to career employees.
Each year, compensation at all levels of the organization is reviewed based on the appropriate peer group data with the target being to structure compensation at the 75th percentile, reflecting the quality of employees betarma wishes to hire and retain and the high cost. At beta, employees do not receive any stock options, restricted stock grants or equity participation such as are provided at some of betas insurance company competitors. Betarma is in compliance with all State pelleas of California compensation reporting requirements. Since joining betarma on January 1, 1993, a written employment agreement has always documented the compensation and benefits provided to the ceo. The current agreement runs through December 31, 2019. Under the terms of the agreement, the ceo may receive an annual salary increase as determined by the beta council. In 2002, the beta council approved and implemented a compensation and benefit policy for the ceo based on input from the leading medical liability insurance company compensation consulting firm, total Compensation Solutions (TCS).
She joined the team as a receptionist and provided administrative global support to the vintage staff. She now handles commercial claims and serves as the accounting assistant. She is a proud mommy of one and enjoys spending her free time with family and friends. From the beginning, we knew we had to invest in our employees first and foremost. We didnt have a lot of money pelleas so, we provided free water, soda and coffee for everyone because that is all we had to offer! As we have grown, we have more resources to invest in our employees and we do so with industry-leading training, great benefits, and first rate technology but we still highlight free soda, free water, free coffee to remind us where we came from. Our people are our greatest asset, and we work hard every day to ensure that we can recruit and retain the very best. Home about beta governance compensation and Benefits, to remain successful, beta risk management Authority (betarma) has recruited top-quality insurance professionals with executive management, underwriting, risk management, claims management, information technology and financial experience and expertise.
Prior to working for Vintage, tiffany worked for an insurance tracking company in California for 6 years and later for a wine distributor that shipped throughout the United States. During that time, she learned a lot about the wine industry and developed a love of wine. In her spare time, tiffany enjoys spending time with family and friends. Sara Thornton Underwriting Assistant. Sara Thornton is new to the company having just started in 2018. Sara has come from an insurance tracking background in California, then moved to texas. She is an Underwriter Trainee with lots of interest of learning more aspects of the industry to further her career with Vintage Underwriters. Outside of work, sara enjoys spending time with her family, friends, reading and gardening. Sunshine Shilts Claims/Accounting Assistant, sunshine Shilts has been in the insurance industry for 17 years and a part of the vintage team since 2009.
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She studied Criminal Justice with a specialization in juveniles and Psychology while working for a private school, which was a natural fit for her head for details, heart for social justice, and love of children. After graduation, she transitioned to helping homeowners by running an office for an emergency services company. From there, and she moved to underwriting to help commercial customers with meeting their insurance needs by working at Vintage Underwriters. In her free-time, she enjoys relaxing with her family, kickboxing, and serving on the board of directors for a local community theater. Lisa james Underwriting writing Assistant, lisa james is one of the newest members of the vintage Underwriting team, joining us as an Underwriting Trainee in January 2018.
Lisa was born and raised in the greater houston area. She studied business while raising her two beautiful sons. For eight years, she worked in management for a popular restaurant brand. She brings with her an attention to detail and commitment to expediency in order to meet the needs of our agency partners and their clients. In her free-time, lisa enjoys good old fashion family time, kickboxing, and reading a good book. Tiffany Stirling-Frank underwriting Assistant, tiffany Stirling-Frank has been with the vintage Underwriters team since October 2016. . Tiffany started working for Vintage Underwriters one week after she moved from California to texas and is currently in training to become an Underwriter.
In her free time she enjoys spending quality time with her family. Saby gonzalez underwriter, saby gonzalez has been with the vintage Underwriters team since 1998. . Saby started working for Vintage Underwriters as a receptionist and has moved up the various positions until she reached Commercial Lines Property and Casualty Underwriter. . Saby enjoys workings with Vintage Underwriters and the variety of scenarios that can happen in the insurance industry. Saby holds in bs in General Business. . When outside of work, saby enjoys spending time with her family.
Elsa rivera underwriter, elsa rivera has been a part of the vintage team since 2012. She started as an underwriting assistant and later moved up to renewal Underwriter. She is now in charge of inspections and compliance for all commercial policies. She has been in the insurance industry for 10 years. This experience gave her the knowledge that helps not only our underwriters within our company, but also our agents. She is a proud houstonian, and supporter of The houston Texans, rockets and Astros. Jennifer Brown Underwriting Assistant. Jennifer Brown is a native born houstonian and a proud Texan.
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She is excited for the opportunity to work with Vintages partner agencies to develop strong, mutually beneficial relationships and a solid foundation for future growth. Claudia ruiz - underwriter. Claudia ruiz has been a part of the vintage team since 2010. She essay started as an assistant underwriter and 2 years later was promoted to commercial Underwriter. She is in charge of"ng all new business submissions and renewal accounts. She determines policy terms and calculates premiums on the basis of actuarial, statistical and background information. She enjoys working with agents and building good and strong relationships with them. She is a graduate of Sam houston State University with ba in journalism.
Mark started in the file room, moving from reception and data entry to underwriting. He has served as an Underwriting Assistant, Underwriter, Underwriting Manager and now holds the position of vp of Operations. Mark enjoys baseball, gardening and building insurance products. Mark has a writing desire to build more programs and agent specific products to better serve vintage Underwriters partner agencies. Kathryn Noser business development, kathryn Noser joined the vintage Underwriting team in november 2017. Prior to entering the insurance industry, she spent more than 15 years as a fundraiser, securing millions of dollars to support the missions of various healthcare organizations, and another 6 years working in Education, both as a teacher and an administrator. Kathryn received her. In Speech Communications from Texas a m university. She is active in the community as a member of the bellaire business Association, a volunteer with the American Cancer Society, and serves as President of the board of Directors for The company OnStage, a nonprofit community theater in southwest houston.
Vintage Underwriters in 1980. . She has a true heart for the community and serves in numerous leadership positions including President of the westbury civic Club, co-president of the westbury super neighborhood and is on the board of Friends of levitt pavilion houston. Becky has been a texas Master Naturalist since 2004 and is a founding Member of the westbury community garden and board Member of Willow Waterhole Greenspace conservancy. She is a member of leadership houston Class xxix and served on the houston Clean City commission representing District K from. . When she is not working or out hugging trees, becky enjoys spending time with her children and grandchildren, relaxing at the beach, cheering on her beloved Astros and reading. Mark Edmondson vp, operations, mark Edmondson is passionate about the commercial insurance industry. A native houstonian, he attended. Thomas More parish School, Strake jesuit College Preparatory, texas Tech and the University. He joined Vintage Underwriters in 2002, learning the business from the ground.
Bill has been a texas Master Naturalist since 2005. He has also established a premium Finance company, consulted in the set-up of two insurance agencies and metamorphosis served on their boards of Directors. He has testified as an insurance expert on numerous occasions over the past 20 years and served on the board of Directors for two insurance companies in the late 1980s. Is a member of.S.L.A. (Texas Surplus Lines Association wsia (Wholesale specialty Insurance Association) and hiaa (Houston Independent Agents Association) where bill served on the casualty committee. Rebecca Edmondson founder/Owner, Accounting. Becky edmondson is co-founder and co-owner of Vintage Underwriters.
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Vintage Underwriters is a family owned and operated Managing General Agent and Surplus Lines Agent, licensed in the universities State of Texas, focusing on placement of Excess and Surplus Lines Accounts as well as Admitted. Dedicated to maintaining experienced insurance professionals, underwriting for strong stable markets and providing excellent service to retail agents. Our success lies in our philosophy, our personnel and the agents for which we serve. Founded in 1980, our company provides retail agents with a variety of highly rated insurance products. We hold many in-house binding authorities with numerous top-rated carriers and brokerage contracts for middle market and hard to place accounts. Meet the vintage team, william Edmondson founder/Owner, President, bill Edmondson is co-founder and co-owner of Vintage Underwriters, Inc., with nearly 50 years of Underwriting experience under his belt working for Insurance companies, Independent Agents and Managing General Agencies before starting Vintage Underwriters, Inc. Along with wife, becky, bill established the business in 1980, and since that time they have focused on providing quality service to customers and ethical behavior.