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. Without limitation, the Board may group or classify Employers and Plan Members in any way it considers necessary or desirable for the purposes of the Pension Plan, including the provision or payment of pension benefits under the Pension Plan. The Board may also provide in the Pension Plan Rules for different benefits and different levels of benefits for different groups or classes of Plan Members so as to take into account any variable affecting the administration or funding of the Pension Plan. (b) In making plan rules under this Joint Trust Agreement, the Board may delegate a matter to a person and confer a discretionary power on a person. (c) Beginning the Effective Date, the Statutory Pension Plan Rules are continued and replaced with the Pension Plan Rules attached as Exhibit 1. (d) Beginning the Effective Date, the Board may amend, repeal or replace the Pension Plan Rules as provided in this 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. Without limitation, the Board may group or classify Employers and Plan Members in any way it considers necessary or desirable for the purposes of the Pension Plan, including the provision or payment of pension benefits under the Pension Plan. The Board may also provide in the Pension Plan Rules for different benefits and different levels of benefits for different groups or classes of Plan Members so as to take into account any variable affecting the administration or funding of the Pension Plan. (b) In making plan rules under this Joint Trust Agreement, the Board may delegate a matter to a person and confer a discretionary power on a person. (c) Beginning the Effective Date, the Statutory Pension Plan Rules are continued and replaced with the Pension Plan Rules attached as Exhibit 1. (d) Beginning the Effective Date, the Board may amend, repeal or replace the Pension Plan Rules as provided in this Joint Trust Agreement.