Common use of PLAN ADMINISTRATION SERVICES Clause in Contracts

PLAN ADMINISTRATION SERVICES. (A) Monitoring the receipt of Plan contributions made by the CITY to the trustee of the PARS Public Agencies Post-Employment Benefits Trust (“Trustee”), based upon information received from the CITY and the Trustee; (B) Performing periodic accounting of Plan assets, reimbursements/distributions, and investment activity, based upon information received from the CITY and/or Trustee; (C) Coordinating the processing of distribution payments pursuant to authorized direction by the CITY, and the provisions of the Plan, and, to the extent possible, based upon CITY-provided Data; (D) Coordinating actions with the Trustee as directed by the Plan Administrator within the scope this Agreement; (E) Preparing and submitting a monthly report of Plan activity to the CITY, unless directed by the City otherwise; (F) Preparing and submitting an annual report of Plan activity to the CITY; (G) Facilitating actuarial valuation updates and funding modifications for compliance with GASB 45/75, if prefunding OPEB obligations; (H) Coordinating periodic audits of the Trust; (I) Monitoring Plan and Trust compliance with federal and state laws.

PLAN ADMINISTRATION SERVICES. (A) Monitoring the receipt of Plan contributions made by the CITY to the trustee of the PARS Public Agencies Post-Employment Benefits Trust (“Trustee”), based upon information received from the CITY and the Trustee; (B) Performing periodic accounting of Plan assets, reimbursements/distributions, and investment activity, based upon information received from the CITY and/or Trustee; (C) Coordinating the processing of distribution payments pursuant to authorized direction by the CITY, and the provisions of the Plan, and, to the extent possible, based upon CITY-provided Data; (D) Coordinating actions with the Trustee as directed by the Plan Administrator within the scope of this Agreement; (E) Preparing and submitting a monthly report of Plan activity to the CITY, unless directed by the City CITY otherwise; (F) Preparing and submitting an annual report of Plan activity to the CITY; (G) Facilitating actuarial valuation updates and funding modifications for compliance with the applicable GASB 45/75pronouncements and/or statements, if prefunding OPEB obligations; (H) Coordinating periodic audits of the Trust; (I) Monitoring Plan and Trust compliance with federal and state laws.