CBE Shared Risk Plan definition

CBE Shared Risk Plan means this Shared Risk Plan for Certain Bargaining Employees of New Brunswick Hospitals, as amended from time to time, which converts and replaces the CBE Plan as at the Conversion Date in accordance with the Pension Benefits Act.
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CBE Shared Risk Plan has the meaning set forth in the Preamble and includes amendments of such plan from time to time in accordance with the terms thereof and the Pension Benefits Act;
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Examples of CBE Shared Risk Plan in a sentence

  • The trust that was in existence on the conversion of the CBE Hospital Plan to the CBE Shared Risk Plan as administered by the CBE Plan Pension Committee is hereby confirmed to continue notwithstanding the replacement of the CBE Plan Pension Committee by the Board of Trustees.

  • The Trustees shall jointly hold the Fund and act in all matters on behalf of the Fund under the name of the “Trustees of the CBE Shared Risk Plan Trust Fund”.

  • The Trustees shall also maintain on a current basis all information necessary for the actuarial studies required to be made from time to time in connection with the CBE Shared Risk Plan and Fund.

  • The Fund has been continued and the Trustees agree to administer it for the purpose of providing retirement and related benefits for Members and their beneficiaries in accordance with the CBE Shared Risk Plan, the Pension Benefits Act and the Funding Policy and for no other purpose.

  • The initially appointed ten (10) Trustees shall take office on the Effective Date, at which time the CBE Plan Pension Committee shall cease to act as trustees for the CBE Shared Risk Plan.

  • This Agreement may be modified or amended in any respect from time to time by the Board of Trustees, in such manner as the Board of Trustees deems advisable in carrying out the purposes of this Agreement and the CBE Shared Risk Plan, subject to the restrictions set forth in Section 5.4.

  • All expenses of the Trustees shall be approved by the Trustees and shall be paid for by the Fund provided such expenses are reasonable as determined by the Trustees and are incurred as a result of attending to the administration and investment of the CBE Shared Risk Plan and the Fund.

  • The Board of Trustees hereby confirms the adoption of the CBE Shared Risk Plan and the Funding Policy.