For Participating Employers other than the City and County of San Francisco Sample Clauses

For Participating Employers other than the City and County of San Francisco the Board may not make any disbursements from a Participating Employer's sub-trust until the Participating Employer's governing body, after consultation with the Participating Employer's GASB Actuary, has recommended to the Board by a two-thirds vote, and the Board has approved, disbursement limitations that effectively balance the Participating Employer's goal of attaining and maintaining a Fully-Funded trust against the Participating Employer's overall financial obligations.Commencing January 7, 2015, Trust assets may be used to defray the cost of the Employers' obligations to pay for Health and Welfare Benefits for Retirees, their eligible spouse or registered domestic partner, and their Dependents entitled to health care coverage under Charter Section A8.428, and for reasonable expenses, fees and allocated administrative fees and expenses. The amount and frequency of such disbursements shall be determined by the Board in consultation with the Employers' respective GASB Actuaries.
Sample 1

Related to For Participating Employers other than the City and County of San Francisco

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