BETA Healthcare Group provides professional liability and workers’ compensation coverages with a full complement of patient and employee safety consulting services to hospitals, healthcare facilities and medical groups.
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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. 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 of living in BETA’s locations. At BETA, employees do not receive any stock options, restricted stock grants or equity participation such as are provided at some of BETA’s insurance company competitors. BETARMA is in compliance with all State 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). Annually, the CEO’s compensation and benefits are reviewed by the BETA Council, and the CEO’s 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 CEO’s 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 BETARMA’s CEO, if any, is determined objectively based upon the actual success in meeting or exceeding the CEO’s 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 BETARMA’s employees with both retirement income and post-employment medical care based on their age at retirement and years of service to BETARMA.

BETARMA’s retirement plan is designed to provide a competitive level of retirement income to career employees. 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 65. 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 65.The amount that participants may receive from the QSERP is reduced by the value of the CalPERS and Section 457 plan benefits, as determined by the plan actuary. Effective January 2, 2015, the QSERP was closed to any additional participants, whether hired before or after January 1, 2013. Employees hired on or after January 1, 2013 are subject to the changes required under the Public Employees’ Pension Reform Act of 2013.

As required by CalPERS, retiree medical benefits are provided to BETARMA employees with vesting based on age and years of service. At age 65, eligible retirees and dependents must enroll in Medicare Parts A and B, and also participate in the CalPERS Medicare Supplement Plan, with benefits and costs subject to CalPERS provisions.

There are no unfunded liabilities related to BETARMA’s defined benefit and retiree medical plans. As stated by BETA’s financial auditor, JLK Rosenberger, LLP, “BETARMA contributes to its defined benefit and retiree medical benefit plans annually based on actuarial valuations that determine the annual benefit cost and amount required to responsibly fund these plans. Unlike many employers providing these plans, BETARMA continually meets the actuarially determined funding requirements for both its defined benefit and retiree medical plans.”

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BETA HEALTHCARE GROUP RISK MANAGEMENT AUTHORITY
2015 Publicly Available Pay Schedule
Effective 1/1/2015

DepartmentClassificationAnnual Salary MinimumAnnual Salary MaximumTime Basis
ClaimsLitigation Specialist92,700125,000Annual
Administrative ServicesAdministrative Assistant40,00065,500Annual
Administrative ServicesSr. Claims Asst.40,00065,500Annual
Administrative ServicesAdministrative Assistant40,00065,500Annual
UnderwritingSr. Underwriter94,700125,000Annual
ClaimsSr. Litigation Specialist92,700125,000Annual
ClaimsProf. Liability Rep I47,00071,200Annual
UnderwritingDirector170,000193,000Annual
ClaimsLitigation Specialist92,700125,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
ClaimsClaims Supvr98,800130,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
ClaimsLitigation Specialist92,700125,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
ClaimsLitigation Specialist92,700125,000Annual
Information ServicesSr. Programmer97,850112,500Annual
Risk MnagementMgr Perinatal/Pat. Safety95,000110,000Annual
Senior StaffVice President228,000355,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
UnderwritingU/W account Technician37,08062,738Annual
Risk ManagementDirector125,000165,000Annual
Senior StaffVice President228,000355,000Annual
Information ServicesSr. Programmer/Data Analyst81,00098,000Annual
ClaimsSr. Claims Supvr.98,800130,000Annual
FinanceSr. Accountant72,100108,810Annual
ClaimsBranch Manager120,000146,000Annual
Information ServicesIS Technician/Associate Prog46,00062,000Annual
Senior StaffVice President228,000355,000Annual
Senior StaffVice President228,000355,000Annual
UnderwritingUnderwriter58,00091,350Annual
Information ServicesSr. Analyst97,850115,000Annual
ClaimsLitigation Director161,000180,300Annual
ClaimsPLR Intern47,00071,200Annual
Information ServicesIT Manager120,000142,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
ClaimsSr. Prof Liab Rep47,00071,200Annual
UnderwritingSr. Underwriter94,700125,000Annual
Administrative ServicesSr. Claims Assistant40,00065,500Annual
Senior StaffVice President228,000355,000Annual
ClaimsLit. Specialist92,700125,000Annual
ClaimsLitigation Specialist92,700125,000Annual
Administrative ServicesReceptionist40,00065,500Annual
Information ServicesSystems Administrator80,34089,250Annual
FinanceSr. Accountant72,100108,810Annual
ClaimsBranch Manager120,000146,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
FinanceController144,200170,000Annual
ClaimsAdministrative Assistant40,00065,500Annual
Risk ManagementDirector125,000165,000Annual
Risk ManagementDirector125,000165,000Annual
UnderwritingUnderwriter58,00091,350Annual
ExecutiveHR Director143,800170,000Annual
Information ServicesSr. IS Network Tech65,00080,000Annual
ExecutiveCEO648,900735,000Annual
Senior StaffVice President228,000355,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual

Approved by the BETA Council in open session at a public meeting on January 7, 2015.

BETA HEALTHCARE GROUP RISK MANAGEMENT AUTHORITY
2016 Publicly Available Pay Schedule
Effective 1/1/2016

DepartmentClassificationAnnual Salary MinimumAnnual Salary MaximumTime Basis
ClaimsLitigation Specialist92,700125,000Annual
Administrative ServicesAdministrative Assistant40,00065,500Annual
UnderwritingData Entry Specialist35,00050,000Hourly
Administrative ServicesSr. Claims Asst.45,00070,000Annual
Administrative ServicesAdministrative Assistant40,00065,500Annual
ClaimsProf Liab Rep 149,50085,500Annual
UnderwritingDirector170,000193,000Annual
ClaimsLitigation Specialist92,700125,000Annual
ClaimsLitigation Specialist92,700125,000Annual
ClaimsClaims Supvr98,800130,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
Information TechnologyIT Technician46,00062,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
Risk ManagementMgr. Emerg Med/Pat Safety95,000115,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
ClaimsLitigation Specialist92,700125,000Annual
Information TechnologySr. Software Developer105,850127,000Annual
Risk MnagementMgr Perinatal/Pat. Safety95,000115,000Annual
Senior StaffVice President245,000375,600Annual
UnderwritingU/W account Technician37,0806273,7.5Annual
Risk ManagementDirector125,000165,000Annual
Senior StaffVice President245,000375,600Annual
Information TechnologyLead Application Developer105,850127,000Annual
ClaimsSr. Claims Supvr.98,800130,000Annual
ClaimsLitigation Specialist92,700125,000Annual
FinanceSr. Accountant72,100108,810Annual
ClaimsBranch Manager120,000153,000Annual
Information TechnologyIT Tech/Assoc. Programmer50,00065,000Annual
Senior StaffVice President245,000375,600Annual
ClaimsLitigation Specialist92,700125,000Annual
Senior StaffVice President245,000375,600Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
UnderwritingUnderwriter58,00091,350Annual
Information TechnologySr. Data Analyst105,850127,000Annual
ClaimsLitigation Director165,000185,300Annual
ClaimsProf Liab. Rep 149,50085,500Annual
Information TechnologyIT Manager120,000150,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
ClaimsProf Liab Rep 149,50085,500Annual
UnderwritingSr. Underwriter94,700130,000Annual
Administrative ServicesSr. Claims Assistant45,00070,000Annual
Senior StaffVice President245,000375,600Annual
ClaimsLit. Specialist92,700125,000Annual
ClaimsLitigation Specialist92,700125,000Annual
Administrative ServicesReceptionist40,00065,500Annual
Information TechnologySystems Administrator80,34089,250Annual
FinanceSr. Accountant72,100108,810Annual
ClaimsBranch Manager120,000153,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
FinanceController180,000235,000Annual
ClaimsAdministrative Assistant40,00065,500Annual
Risk ManagementDirector125,000165,000Annual
UnderwritingUnderwriter58,00091,350Annual
ExecutiveHR Director143,800170,000Annual
Informtion TechnologySr. IT Network Technician65,00080,000Annual
ExecutiveCEO690,000750,500Annual
Administrative ServicesExecutive Secretary65,00098,000Annual

Approved by the BETA Council in open session at a public meeting on January 13, 2016.

BETA HEALTHCARE GROUP RISK MANAGEMENT AUTHORITY
2017 Publicly Available Pay Schedule
Effective 1/3/2017

DepartmentClassificationAnnual Salary MinimumAnnual Salary MaximumTime Basis
ClaimsLitigation Specialist92,700125,000Annual
Administrative ServicesAdministrative Assistant40,00065,500Annual
UnderwritingUW Account Technician38,00062,738Annual
Administrative ServicesSr. Claims Asst.45,00070,000Annual
ExecutiveAdministrative Clerk31,00045,000Hourly
Administrative ServicesAdministrative Assistant40,00065,500Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
ClaimsProf Liab Rep 155,65089,500Annual
UnderwritingDirector185,000210,000Annual
ClaimsLitigation Specialist92,700125,000Annual
ClaimsClaims Supvr98,800130,000Annual
Risk ManagementExecutive Secretary65,00098,000Annual
Risk ManagementDirector149,120176,340Annual
ClaimsClaims Supvr98,800130,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
Information TechnologyIT Technician46,00062,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
Risk ManagementMgr. Emerg Med/Pat Safety95,000115,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
ClaimsLitigation Specialist92,700125,000Annual
Information TechnologySr. Software Developer105,850127,000Annual
Risk MnagementMgr Perinatal/Pat. Safety95,000115,000Annual
Senior LeadershipVice President200,000410,000Annual
UnderwritingU/W account Technician38,0006273,7.5Annual
Risk ManagementDirector149,120176,340Annual
Senior LeadershipVice President200,000410,000Annual
Information TechnologyLead Application Developer105,850127,000Annual
ClaimsLitigation Specialist92,700125,000Annual
FinanceSr. Accountant72,100108,810Annual
ClaimsBranch Manager120,000153,000Annual
Information TechnologyIT Tech/Assoc. Programmer50,00070,000Annual
Senior LeadershipVice President200,000410,000Annual
ClaimsClaims Supvr98,800130,000Annual
Senior LeadershipVice President200,000410,000Annual
ClaimsSr. Prof Liab Rep85,000110,000Annual
UnderwritingUnderwriter58,00091,350Annual
Information TechnologySr. Data Analyst105,850127,000Annual
ClaimsLitigation Director175,000195,000Annual
Information TechnologyIT Manager120,000150,000Annual
Senior LeadershipVice President200,000410,000Annual
Administrative ServicesProject Manager70,00098,000Annual
ClaimsProf Liab Rep 155,65089,500Annual
UnderwritingSr. Underwriter98,000135,000Annual
UnderwritingSr. Underwriter98,000135,000Annual
Administrative ServicesSr. Claims Assistant45,00070,000Annual
Senior LeadershipVice President200,000410,000Annual
ClaimsLit. Specialist92,700125,000Annual
ClaimsClaims Supvr98,800130,000Annual
Administrative ServicesReceptionist40,00065,500Annual
Information TechnologySystems Administrator85,34095,250Annual
Senior LeadershipVice President200,000410,000Annual
FinanceSr. Accountant72,100108,810Annual
ClaimsBranch Manager120,000153,000Annual
ClaimsLitigation Specialist92,700125,000Annual
Risk ManagementDirector149,120176,340Annual
FinanceController190,000240,000Annual
ClaimsAdministrative Assistant40,00065,500Annual
Risk ManagementDirector149,120176,340Annual
UnderwritingUnderwriter58,00091,350Annual
Informtion TechnologySr. IT Network Technician65,00080,000Annual
ExecutiveCEO750,000850,000Annual
Risk ManagementDirector149,120176,340Annual
Administrative ServicesExecutive Secretary65,00098,000Annual
FinanceAccountant46,40069,600Annual
FinanceAccounting Clerk27,00042,000Hourly
FinanceAccounting Clerk27,00042,000Hourly
FinanceAccounting Manager74,400111,600Annual
FinanceAP Specialist37,60056,400Annual
Information TechnologyBusiness Manager76,800115,200Annual
ClaimsClaims Assistant36,80055,200Annual
ClaimsClaims Assistant36,80055,200Annual
ClaimsClaims Assistant36,80055,200Annual
ClaimsClaims Assistant36,80055,200Annual
ClaimsClaims Assistant36,80055,200Annual
ClaimsClaims Assistant36,80055,200Annual
ClaimsClaims Assistant36,80055,200Annual
ClaimsClaims Clerk28,00042,000Annual
ClaimsClaims Examiner53,60080,400Annual
ClaimsClaims Examiner53,60080,400Annual
ClaimsClaims Examiner53,60080,400Annual
ClaimsClaims Examiner53,60080,400Annual
ClaimsClaims Examiner53,60080,400Annual
ClaimsClaims Examiner53,60080,400Annual
ClaimsClaims Representative44,80062,720Annual
ClaimsClaims Representative44,80062,720Annual
ClaimsClaims Supvr78,400117,600Annual
ClaimsClaims Supvr78,400117,600Annual
ClaimsClaims Supvr78,400117,600Annual
ClaimsDirector111,200166,800Annual
ExecutiveDirector107,200160,800Annual
Member ServicesDirector107,200160,800Annual
UnderwritingDirector111,200166,800Annual
Loss PreventionDirector111,200166,800Annual
Loss PreventionLoss Prevention Specialist56,80085,200Annual
OperationsMailroom Clerk27,20040,800Annual
OperationsOperations Administrator48,80074,000Annual
OperationsOperations Manager76,800115,200Annual
OperationsReceptionist26,40039,600Annual
OperationsSenior Claims Clerk30,40045,600Annual
Loss PreventionSr. Loss Prevention Specialist80,000120,000Annual
Loss PreventionSr. Loss Prevention Specialist93,600140,400Annual
OperationsSr. Bill Review Review Specialist41,20062,500Annual
ClaimsSr. Claims Examiner66,00099,000Annual
ClaimsSr. Claims Examiner66,00099,000Annual
ClaimsSr. Claims Examiner66,00099,000Annual
ClaimsSr. Claims Examiner66,00099,000Annual
ClaimsSr. Claims Examiner66,00099,000Annual
ClaimsSr. Claims Examiner66,00099,000Annual
ClaimsSr. Claims Examiner66,00099,000Annual
Information TechnologySr. Director147,200220,800Annual
ExecutiveSr. Admin Specialist37,60056,400Annual
Information TechnologyTechnical Support Specialist36,00054,000Annual
UnderwritingUnderwriting Assistant36,80055,200Annual

Approved by the BETA Council in open session at a public meeting on January 23, 2017.

Updated schedule approved by the BETA Council in open session at a public meeting on May 11, 2017.

Controller's Government Compensation in California Internet Website: http://www.publicpay.ca.gov

 
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