Common use of INVESTMENT PLANS COMMITTEE Clause in Contracts

INVESTMENT PLANS COMMITTEE. A. The parties shall continue to participate in the Investment Plans Committee (hereinafter “IPC”) that administers the District’s Deferred Compensation and Money Purchase Pension Plan programs, subject to the Joint Agreement that established this administrative arrangement, as that Joint Agreement has been amended from time to time. B. The IPC shall continue to meet at least quarterly or more often on District time as necessary to administer the plans, although no paid time off will be authorized for individual members of the Committee acting independently. C. The District and each of the four (4) participating unions/association shall each designate a committee member and an alternate committee member. D. The IPC shall review, grant or deny requests for withdrawal of funds based on hardship. E. The District and each of the four participating unions/association shall have a vote. A Proposed IPC action will take effect only if it receives four (4) votes.

INVESTMENT PLANS COMMITTEE. A. The parties shall continue to participate in the Investment Plans Committee (hereinafter “IPC”) that administers the District’s Deferred Compensation and Money Purchase Pension Plan programs, subject to the Joint Agreement that established this administrative arrangement, as that Joint Agreement has been amended from time to time. B. The IPC shall continue to meet at least quarterly or more often on District time as necessary to administer the plans, although no paid time off will be authorized for individual members of the Committee acting independently. C. The District and each of the four (4) participating unions/association shall each designate a committee member and an alternate committee member. D. The IPC shall review, grant or deny requests for withdrawal of funds based on hardship. E. The District and each of the four participating unions/association shall have a vote. A Proposed IPC action will take effect only if it receives four (4) votes.

INVESTMENT PLANS COMMITTEE. ‌ A. The parties shall continue to participate in the Investment Plans Committee (hereinafter “IPC”) that administers the District’s Deferred Compensation and Money Purchase Pension Plan programs, subject to the Joint Agreement that established this administrative arrangement, as that Joint Agreement has been amended from time to time. B. The IPC shall continue to meet at least quarterly or more often on District time as necessary to administer the plans, although no paid time off will be authorized for individual members of the Committee acting independently. C. The District and each of the four (4) participating unions/association shall each designate a committee member and an alternate committee member. D. The IPC shall review, grant or deny requests for withdrawal of funds based on hardship. E. The District and each of the four participating unions/association shall have a vote. A Proposed IPC action will take effect only if it receives four (4) votes.