College Pension Fund Continued Sample Clauses

College Pension Fund Continued. The College Pension Fund continued under the 2011 Joint Trust Agreement is continued under this Joint Trust Agreement. The Board, which held the Pension Fund in trust in accordance with the 2011 Joint Trust Agreement, continues to hold the Pension Fund in trust in accordance with this Joint Trust Agreement. The Partners and the Board shall take all necessary steps, including entering into appropriate custodial arrangements to ensure that legal title to the Pension Fund continues to be vested in the Board, and that the Board can exercise and discharge all rights and obligations associated with the ownership of the Pension Fund. The Pension Fund consists of cash, investments and other assets held by the Board. The contributions from the Employers and Plan Members and the net income from investments and other sources must be paid into the Pension Fund. Benefits and disbursements payable under this Joint Trust Agreement and the Pension Plan Rules must be paid from the Pension Fund and, for this purpose, the Pension Fund must be considered one and indivisible. The following fees, expenses and disbursements, as are reasonably necessary and approved by the Board, must be paid from the Pension Fund:
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Related to College Pension Fund Continued

  • Group Benefit Plan Continuation While a Nurse is on pregnancy/birth or parental, or adoption leave, the Employer shall permit the Nurse to continue participation in eligible benefit plans. The Nurse shall be responsible to pay both the Employer and the Nurse’s shares of the premium costs for maintaining such coverage for which the Nurse is eligible during the period of leave.

  • Benefits Continued A) Employees with one (1) or more years of service who are laid-off shall accrue benefits for twenty (20) work days and shall have their benefits maintained for the balance of a one (1) year period of time. (Reference Article 37 – Leave – General.)

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