Written Plan of Benefits. The detailed basis on which payment of benefits is to be made pursuant to this Agreement shall be specified in writing by appropriate resolutions of the Trustees subject, however, to such change or modification by the Trustees from time to time as they in their discretion may determine. All such changes or modifications shall similarly be specified in writing by appropriate resolution of the Trustees. The Trustees shall have full discretionary authority to administer and interpret the Plan.
Written Plan of Benefits. After determination of the detailed basis upon which payments of Benefits is to be made pursuant to this agreement, the same shall be specified in writing by appropriate resolution of the Directors, and set forth in the Plan Documents, subject, however, to such change or modification by the Directors from time to time as they in their discretion may determine. All such changes or modifications shall be similarly specified in writing by appropriate resolution of the Directors and set forth in the Plan Documents. The Summary Plan Description for Active Participants, the Summary Plan Description for Retired Participants, the Group Master Contracts issued to the Directors and any amendments or modifications to such documents which are adopted from time to time are expressly incorporated herein and made part of this agreement.
Written Plan of Benefits. The detailed basis on which payment of benefits is to be made, pursuant to this Trust Agreement shall be set forth in the Plan of Pension Benefits. Such Plan of Pension Benefits shall be subject to change or modification by the Trustees from time to time as they may, in their discretion, determine provided, however, that no such change or modification that increases the past service and/or future service benefits or involves a change in the eligibility requirements for participation in the Plan of Pension Benefits or in the eligibility requirements for any benefit under the Plan of Pension Benefits shall be adopted except by a resolution adopted by a majority vote of all members of the Board of Trustees, following advice by the actuarial consulting company to the Board of Trustees that any such change or modification is actuarially within the financial limitations of the Pension Trust Fund. The Board of Trustees shall reduce the benefits when and to the extent that they are advised by the actuary that it is necessary to make any such reduction in order to stay within the financial limitations of the Plumbers and Pipefitters National Pension Fund. Any change in or modification of the Plan of Pension Benefits made by the Board of Trustees shall be set forth in writing by the Trustees, with notice to the Employers and the Union.
Written Plan of Benefits. The specific detailed basis upon which the eligibility for benefits, types and forms of benefits payable (and any restrictions thereon), and the payment of benefits to Covered Employees and Beneficiaries, is to be specified in (and determined under) the Plan, as amended by the Board from time to time.
Written Plan of Benefits. The specific detailed basis upon which the eligibility for benefits, types and forms of benefits payable (and any restrictions thereon), and the payment of benefits to Covered Employees and Beneficiaries is to be determined shall be specified in the Plan, as amended by the Board from time to time. In the event an application for benefits under the Plan shall be denied, the Trustees shall provide such Employee with adequate notice in writing, setting forth the specific reasons for such denial in a manner which can be easily understood by the Employee. Any Employee whose claim for benefits has been denied shall be afforded a reasonable opportunity to apply for a full and fair review by the Trustees. The Trustees shall have the authority to establish rules and regulations concerning the manner in which Employees may apply for an appeal of the denial of his or her claim for benefits, which shall be set forth in the Plan.
Written Plan of Benefits. The detailed basis on which payment of benefits is to be made pursuant to this Trust Agreement will be stated in the Plan of Benefits. The Plan of Benefits may be changed or modified by the Trustees in accordance with law at any time as the Trustees in their discretion determine is necessary or appropriate based on the financial condition of the Fund, the needs of Employees and Beneficiaries and other related facts and circumstances, including the terms of collective bargaining agreements between Employers and the Union. Any change or modification of the Plan of Benefits made by the Trustees will be stated in writing.
