Compensation and Benefits - BETA Healthcare Group

Calibrating BETA Compensation

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 and national compensation surveys with the target being to structure compensation at fair, objective and competitive levels. Each BETA staff position has a salary range and an assigned pay grade. Except in unusual situations, all BETA staff are paid an annualized salary that is within the salary range for the pay grade to which the employee’s position is assigned. 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.

CEO Compensation

Since January 1, 1993, a written employment agreement has documented the compensation and benefits provided to the CEO. Under the terms of the agreement, the CEO may receive an annual salary increase effective January 1 of each year as determined by the BETA Council at its March meeting.

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 enterprise 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 based on salary data from the agreed upon peer group of medical liability insurance companies with targeted total compensation equal to the 50th 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.” As requested by the BETA Council, TCS provides 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.

Employee Benefit Plans

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 Benefits" 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.

For the CEO, QSERP benefits are limited to a retirement income replacement ratio of 60% of “Final Average Earnings” at age 65. For all other QSERP participants, benefits are limited to a retirement income replacement ratio of 70% for retirement, death or disability at a stipulated age. 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.

Other Retirement Benefits

Employees hired on or after January 1, 2013 are subject to the changes required under the Public Employees’ Pension Reform Act of 2013. Employees not qualified for the original QSERP are eligible for supplemental retirement benefits provided through Section 401(a) and Section 457(f) plans approved in 2017 that are designed to provide a defined contribution, currently equal of 12% of eligible compensation. These new plans required benefits be distributed as a lump sum upon retirement.

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.

Retiree Medical Benefits

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.

Funding of Defined Benefit and Retiree Medical Plans

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.”

Pay Schedules

BETA HEALTHCARE GROUP RISK MANAGEMENT AUTHORITY

2023 Publicly Available Pay Schedule

2022 Publicly Available Pay Schedule

2021 Publicly Available Pay Schedule

2020 Publicly Available Pay Schedule

2019 Publicly Available Pay Schedule

Annual
Position	Location	Pay Grade	Minimum	Maximum
Account Technician, Professional Liability	Alamo	AL04H	$ 39,605	$ 63,297
Accountant	Alamo	AL07H	$ 58,910	$ 94,205
Business Intelligence Manager, Professional Liability	Alamo	AL11S	$ 102,900	$ 164,700
Chief Executive Officer	Alamo	ALCEO	$ 631,300	$ 1,010,000
Chief Financial Officer	Alamo	ALCFO	$ 316,500	$ 506,500
Chief Information Officer	Alamo	ALCIO	$ 282,600	$ 452,200
Claims Supervisor	Alamo	AL11S	$ 102,900	$ 164,700
Controller	Alamo	AL14S	$ 156,600	$ 250,500
*Corporate Compliance and Records Management Specialist	Alamo	AL07H	$ 58,910	$ 94,205
Director of Claims, Professional Liability	Alamo	AL13S	$ 136,100	$ 217,800
Director of Underwriting, Professional Liability	Alamo	AL14S	$ 156,600	$ 250,500
Director, Human Resources and Administration	Alamo	AL14S	$ 156,600	$ 250,500
Director, IT Operations	Alamo	AL13S	$ 136,100	$ 217,800
Director, Risk Management and Patient Safety II	Alamo	AL12S	$ 118,400	$ 189,400
Executive Administrative Assistant	Alamo	AL07H	$ 58,910	$ 94,205
Facilities Manager	Alamo	AL07H	$ 58,910	$ 94,205
*Human Resources Business Partner, Compensation and Benefits	Alamo	AL10S	$ 89,500	$ 143,200
*Human Resources Business Partner, Programs and Systems Administrator	Alamo	AL09S	$ 77,800	$ 124,500
Information Technology Assistant	Alamo	AL05H	$ 44,499	$ 71,195
Litigation Specialist	Alamo	AL11S	$ 102,900	$ 164,700
Marketing and Communications Manager	Alamo	AL12S	$ 118,400	$ 189,400
Professional Liability Representative I	Alamo	AL07S	$ 58,900	$ 94,200
Project Manager, Risk Management and Safety	Alamo	AL07H	$ 58,910	$ 94,205
Receptionist	Alamo	AL02H	$ 32,702	$ 52,299
Senior Accountant	Alamo	AL08H	$ 67,704	$ 108,303
Senior Accountant, Cash Management Supervisor	Alamo	AL09H	$ 77,805	$ 124,508
Senior Claims Assistant, Professional Liability	Alamo	AL06H	$ 51,207	$ 81,900
Senior Director, Risk Management and Patient Safety	Alamo	AL13S	$ 136,100	$ 217,800
Senior Professional Liability Representative	Alamo	AL10S	$ 89,500	$ 143,200
Senior Technical Support Specialist	Alamo	AL05H	$ 44,499	$ 71,195
Chief Operating Officer	Alamo	ALSVO	$ 260,400	$ 576,600
Technical Support Specialist	Alamo	AL04H	$ 39,605	$ 63,297
Underwriter, Professional Liability	Alamo	AL08S	$ 67,700	$ 108,300
Underwriting Supervisor, Professional Liability	Alamo	AL11S	$ 102,900	$ 164,700
Claims Assistant, Professional Liability	Glendale	GL04H	$ 38,396	$ 61,406
Claims Supervisor	Glendale	GL11S	$ 99,800	$ 159,800
Complex Litigation Specialist	Glendale	GL13S	$ 132,000	$ 211,300
Director of Claims, Professional Liability	Glendale	GL13S	$ 132,000	$ 211,300
Director, Risk Management and Employee Safety	Glendale	GL12S	$ 114,800	$ 183,700
Director, Risk Management and Patient Safety I	Glendale	GL12S	$ 114,800	$ 183,700
Director, Risk Management and Patient Safety II	Glendale	GL12S	$ 114,800	$ 183,700
Executive Administrative Assistant	Glendale	GL07H	$ 57,096	$ 91,299
Liability Claims Clerk	Glendale	GL06H	$ 49,608	$ 79,404
Litigation Specialist	Glendale	GL11S	$ 99,800	$ 159,800
Manager, Employee Safety II	Glendale	GL11S	$ 99,800	$ 159,800
Manager, Risk Management and Patient Safety	Glendale	GL10S	$ 86,800	$ 138,900
Professional Liability Representative II	Glendale	GL08S	$ 65,700	$ 105,000
Project Manager, Risk Management and Safety	Glendale	GL07H	$ 57,096	$ 91,299
Senior Professional Liability Representative	Glendale	GL10S	$ 86,800	$ 138,900
Systems Administrator	Glendale	GL09H	$ 75,504	$ 120,803
Vice President, Risk Management and Safety	Glendale	GLVRM	$ 210,300	$ 336,400
Account Technician, Workers Compensation	Granite Bay	GB04H	$ 36,407	$ 58,208
Business Intelligence Manager, Workers Compensation	Granite Bay	GB11S	$ 94,700	$ 151,500
Claims Assistant, Workers Compensation	Granite Bay	GB04H	$ 36,407	$ 58,208
Claims Clerk, Workers Compensation	Granite Bay	GB02H	$ 30,108	$ 48,107
Claims Examiner, Workers Compensation	Granite Bay	GB07S	$ 54,100	$ 86,600
Claims Manager, Workers Compensation	Granite Bay	GB11S	$ 94,700	$ 151,500
Claims Representative, Workers Compensation	Granite Bay	GB05H	$ 40,892	$ 65,501
Claims Supervisor, Workers Compensation	Granite Bay	GB10S	$ 82,300	$ 131,800
Director of Operations, Workers Compensation	Granite Bay	GB11S	$ 94,700	$ 151,500
Director of Underwriting, Workers Compensation	Granite Bay	GB12S	$ 108,900	$ 174,300
EDI/DW Manager	Granite Bay	GB11S	$ 94,700	$ 151,500
Executive Administrative Assistant	Granite Bay	GB07H	$ 54,093	$ 86,600
*Human Resources Business Partner, Talent Management and Development	Granite Bay	GB10S	$ 82,300	$ 131,800
*Internal Claims Auditor, Workers Compensation	Granite Bay	GB09S	$ 71,600	$ 114,600
*Lead Claims Assistant, Workers Compensation	Granite Bay	GB05H	$ 40,892	$ 65,501
Lead Clerk, Workers Compensation	Granite Bay	GB04H	$ 36,407	$ 58,208
Mailroom Clerk, Workers Compensation	Granite Bay	GB02H	$ 30,108	$ 48,107
Manager, Employee Safety I	Granite Bay	GB09S	$ 71,600	$ 114,600
Manager, Employee Safety II	Granite Bay	GB11S	$ 94,700	$ 151,500
Office Manager / Executive Assistant, Workers Compensation	Granite Bay	GB07H	$ 54,093	$ 86,600
Operations Administrator, Workers Compensation	Granite Bay	GB07H	$ 54,093	$ 86,600
Project Director, Risk Management and Patient Safety	Granite Bay	GB11S	$ 94,700	$ 151,500
Receptionist	Granite Bay	GB02H	$ 30,108	$ 48,107
Risk Management and Safety Assistant	Granite Bay	GB05H	$ 40,892	$ 65,501
Senior Bill Review Specialist, Workers Compensation	Granite Bay	GB06H	$ 47,093	$ 75,309
Senior Claims Examiner, Workers Compensation	Granite Bay	GB09S	$ 71,600	$ 114,600
Senior Director Workers Compensation Claims	Granite Bay	GB13S	$ 125,200	$ 200,400
Senior Underwriter, Workers Compensation	Granite Bay	GB09S	$ 71,600	$ 114,600
Software Developer	Granite Bay	GB10S	$ 82,300	$ 131,800
Systems Engineer	Granite Bay	GB10S	$ 82,300	$ 131,800
Technical Support Specialist	Granite Bay	GB04H	$ 36,407	$ 58,208
Vice President, Business Intelligence	Granite Bay	GBVBI	$ 197,500	$ 316,000
Vice President, Workers Compensation	Granite Bay	GBVWC	$ 320,900	$ 513,400
Associate Developer	San Diego	SD08H	$ 62,303	$ 99,606
Claims Assistant, Professional Liability	San Diego	SD04H	$ 36,407	$ 58,208
Claims Supervisor	San Diego	SD11S	$ 94,700	$ 151,500
Director of Claims, Professional Liability	San Diego	SD13S	$ 125,200	$ 200,400
Director, Risk Management and Patient Safety	San Diego	SD12S	$ 108,900	$ 174,300
Executive Administrative Assistant	San Diego	SD07H	$ 54,093	$ 86,600
Lead Application Developer	San Diego	SD11S	$ 94,700	$ 151,500
Litigation Specialist	San Diego	SD11S	$ 94,700	$ 151,500
Manager, Employee Safety I	San Diego	SD09S	$ 71,600	$ 114,600
Professional Liability Representative II	San Diego	SD08S	$ 62,300	$ 99,600
Senior Litigation Specialist	San Diego	SD12S	$ 108,900	$ 174,300
Technical Support Specialist	San Diego	SD04H	$ 36,407	$ 58,208
Vice President, Claims	San Diego	SDVCL	$ 218,700	$ 350,000

Passed and adopted in open session at a public meeting of the BETA Council held on July 31, 2019.
*New Position

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