Retirement Committee. A committee of the President of WEA, three (3) teachers appointed by the WEA, the Superintendent of Schools, and three (3) additional persons appointed by the Superintendent of Schools will determine the 401(a) vendor(s) and monitor and analyze the new retirement provisions established with the 2002-2003 Master Agreement.
Retirement Committee. (a) The parties hereby jointly establish a Retirement Benefits Committee for the purpose of reviewing retirement issues. The Committee shall consist of 4 members appointed by the County, and 4 members appointed by the Union. Either party may remove or replace its appointees at any time. The Chair of the Committee will rotate each January 1 from a County designee to a Union designee and vice versa each July 1. The initial Chair shall be a County designee. The purposes and functions of the Retirement Benefits Committee shall be to review existing employee benefits and their provisions and make findings and/or recommendations to the parties regarding changes in retirement benefits. The Committee shall meet not less than once every 2 months. A quorum for conducting business shall consist of at least 3 members appointed by each party.
Retirement Committee. The Retirement Committee shall consist of six (6) persons - three (3) appointed by the Company and three (3) appointed by the Union.
Retirement Committee. (A) The Employer and the Union agree to establish a Labor-Management 403(b) Committee as a forum for the exchange of information and ideas to improve the Plan and advance toward the goal of financial security in retirement for all participants.
Retirement Committee. The Company hereby delegates authority to administer the Nonqualified Plan to the Human Resources Committee of the Board of Directors of the Company (the "Committee"). Any action by the Committee shall be evidenced by a written document, certified by the Secretary of the Committee. References to the Company's authority, right, or power to act contained in any notice, disclosure, or communication which is made with a view toward effectuating the purposes of this Nonqualified Plan shall be construed to include such actions by the Committee on the Company's behalf and such actions by others to whom the Committee has delegated its authority.
Retirement Committee. 7 Section 4. Pension Committee...........................................7 Section 5. Organization and Executive Compensation Committee...........7 Section 6. Environmental Policy Committee..............................8 Section 7. Finance Committee...........................................8 Section 8. Other Committees............................................8 Section 9. Changes of Size and Function................................8 Section 10.
Retirement Committee. The board of directors at any time, by resolution adopted by a majority of the board of directors, shall appoint a retirement committee composed of three or more directors, a majority of whom shall not be members under the company's Non-Bargaining Unit Employees Retirement Plan established by the board. Any action required or permitted to be taken by the committee must be approved by both (a) a majority of the committee members present at a meeting at which a quorum is present, and (b) a majority of the total number of committee members who are not members under said Plan. The chairman of the committee shall not be a member under said Plan. The duties of the committee shall be to monitor the general administration of the company's Non-Bargaining Unit Employees Retirement Plan and the committee shall be responsible for monitoring the carrying out of its provisions as more fully set forth under the terms of the Plan.
Retirement Committee. The Plan will be administered by the Retirement Committee appointed by the Board in accordance with Article 3 of the Retirement Plan. No Employee serving on the Retirement Committee will receive any compensation for services performed in his or her capacity as a member of such Committee. However, the Company may reimburse any member for any necessary expenses incurred to the extent such expenses are not paid by the Plan. A majority of the members of the Retirement Committee at the time in office will constitute a quorum for the transaction of business. All resolutions adopted or other actions taken by the Retirement Committee at any meeting must be approved by the vote of a majority of the members of the Committee, but resolutions may be adopted or other action taken without a meeting upon written consent signed by all members of the Committee. If at any time a majority of the individuals serving on such Committee and eligible to vote are unable to agree, or if there is only one such individual, any action required of the Committee will be taken by the Board and its decision will be final. An individual serving on the Retirement Committee who is a Participant will not vote or act on any matter relating solely to himself or herself.
Retirement Committee. After the effective date of the parties’ successor MOU and during the timeline specified below, the County and the Union will form a management/labor retirement benefits committee. The charge of the committee is to gather and analyze information on County employee retiree benefits and to develop recommendations for optimal long-term solutions that meet the interests and needs of all impacted parties and still position the County to have total compensation market competitiveness and workforce stability. As part of this recommendation, the parties shall address the following items: unfunded liability cost sharing; pension cost sharing; pension obligation bonds; retiree medical benefits; longevity; and retiree cost of living adjustment. Other retirement related issues may be considered by mutual agreement. The committee shall consist of up to three (3) Local 39 Union members and six (6) management representatives. Union team members will be permitted time off without loss of compensation or other benefits when formally meeting or engaging in mutually agreed upon preparation or caucus time. Additional Local 39 staff may participate. The County and the Union further agree that the committee should include representatives from all County bargaining units and employee organizations and that they will support having representatives of all such units and organizations participating in the committee by commencement of the committee’s work in the March 2021. The County and the Union further agree that the committee’s work will be completed by March 2022. The committee’s recommendations and strategies will be advisory only to the County’s CAO’s office. The County and the Union agree that to the extent the committee’s recommendations and/or strategies, and/or the County Administrator’s recommendations resulting from the committee’s recommendations and or strategies, address subjects that are specifically covered by existing articles or sections in the parties’ labor agreements, those specific articles or sections may be re-opened by either party to formally meet and confer. Unless the parties mutually agree otherwise, the earliest reopener negotiations will commence will be June 2022.
Retirement Committee. Article IX of the Retirement Plan Agreement calls for establishment of a Retirement Committee constituted by six members of the presbyterate, four elected and two appointed. This Committee is in the process of organization.
