Function; Rights and Obligations Sample Clauses

Function; Rights and Obligations. Each Board of Trustees shall be the equal represen- tation body appointed for the corresponding pension fund. The Board of Trustees shall instruct the Board of Foundation to exercise the function and competence assigned to it under the Organization Rules. Any withdrawal of the assignment shall entitle the Foundation to cancel the contract of association with the employer in question, with immediate effect. Subject to the above provisions, each Board of Trus- tees shall administer the relevant pension fund. It shall perform the following function: a) It shall approve staff pension fund regulations pre- pared by the Foundation with regard to the benefit plan selected; b) It shall inform the beneficiaries of the organization, activity and financial position of the pension fund; upon request it must communicate information concerning the pension fund to the insured in writ- ing; c) It shall ensure that the employer submits the doc- uments and notifications required by the contract of association; d) It shall check that the premiums are remitted by the due date; e) It shall assist in obtaining the documents neces- sary to substantiate a claim in a case of a benefit payment; f) It shall notify the Board of Foundation of any changes in the entitlement to benefits under the regulations immediately after such resolution; g) It shall assist on clarifying claims for benefits and in the decision on payment of benefits; h) It shall decide on the use of the assets accumu- lated for Special Measures under the LOB, in so far as this is not already provided for by the law or the pension fund regulations; i) It shall pass resolutions, in accordance with the object of the Foundation, on the use of the free assets of the pension fund. Communications by the Board of Trustees to the Board of Foundation shall be legally valid provided they are received in writing at the Head Office of Hel- vetia in Basle.