Common use of Pension Plan Rules Clause in Contracts

Pension Plan Rules. (a) The Board may make plan rules, applicable generally or to a specified person or class of persons, prescribing the Pension Plan Rules. (b) In making plan rules under this Agreement, the Board may delegate a matter to a person or agent of the Board and confer a discretionary power on a person or agent of the Board. (c) Beginning the Effective Date, the Statutory Pension Plan Rules were continued and replaced with the Pension Plan Rules. (d) Beginning the Effective Date, the Board may amend, repeal or replace the Pension Plan Rules as provided in this Agreement.

Appears in 2 contracts

Sources: Joint Trust Agreement, Municipal Pension Plan Joint Trust Agreement

Pension Plan Rules. (a) The Board may make plan rules, applicable generally or to a specified person or class of persons, prescribing the Pension Plan Rules. (b) In making plan rules under this Agreement, the Board may delegate a matter to a person or agent of the Board and confer a discretionary power on a person or agent of the Board. (c) Beginning the Effective Date, the Statutory Pension Plan Rules were are continued and replaced with the Pension Plan Rules.Rules attached as Appendix C. (d) Beginning the Effective Date, the Board may amend, repeal or replace the Pension Plan Rules as provided in this Agreement.

Appears in 1 contract

Sources: Joint Trust Agreement