Joint Trusteeship Clause Samples

Joint Trusteeship. Employer to notify employees annually as to amount of contributions made to D.A. Townley & Associates, Plan Administrators, and ▇▇▇▇▇▇▇ will provide an annual financial statement on the members account.

Joint Trusteeship. The parties agree to not pursue joint trusteeship. All references to the Joint Trust will be removed from the collective agreement. 2. Contributions Employee Employer Consistent margins valuation basis 4.84 (blended) 12.0* 3. Operation of the pension plan a) If a future valuation requires contribution changes (up or down) as a result of normal cost changes, then the increase or decrease will be shared on a one-for-one basis between the university and plan members. b) In the event that there is sufficient surplus in the plan and the university decides to take a contribution holiday, the parties will negotiate one-time benefit improvements and/or a contribution holiday for plan members. For every $1 in contribution holiday for the university, $1 will be spent on one-time benefit improvement and/or an employee contribution holiday for plan members. c) The employee blended contribution rate will be no less than 4.84% and the university contribution rate will be no less than 10.5% except at the time when the plan has excess surplus as defined by Canada Revenue Agency (CRA). d) In the event there is excess surplus in the plan as defined by the CRA, and the university decides to take a contribution holiday, the parties will negotiate one-time benefit improvements and/or contribution holiday for plan members. For every $1 of contribution holiday for the university, $1 will be spent on one-time benefit improvement and/or an employee contribution holiday for plan members. No excess surplus valuation will be filed. Should the parties be unable to reach agreement on benefit improvement, the members’ share of excess surplus will be applied as a prospective accrual formula improvement. Article 28.02c) will be deleted from both Collective Agreements. e) The University will be entitled to reasonable compensation for administrative services of the plan. f) The supplemental retirement benefit arrangement will be included as part of the plan assets for valuation purposes. Page 91‌‌

Joint Trusteeship. The Canadian Labour Congress and the Unions agree to Joint Trusteeship of the Pension Plan. The general approach agreed to in establishing Joint Trusteeship is as follows: 1) The Pension Trust Agreement between the Unions and the Employer will be developed through the Pension Advisory Committee by no later than one year following ratification of the collective agreement. Once developed, the Pension Trust Agreement will be recommended to each bargaining unit and the Executive Committee for ratification. 2) The Pension Advisory Committee will consider in its deliberations to develop a Pension Trust Agreement the ongoing administration of the plan, investment issues, the hiring of service providers (actuaries, fund managers, custodians, etc.), required contributions of the plan member and CLC as well as financing and amortization of future actuarial deficits. 3) The Canadian Labour Congress will be responsible for any audited actuarial deficit that exists on the date that the Trust Agreement for Joint Administration of the Plan comes into effect. At the point following the start of Joint Administration of the Plan, when the plan is in a surplus position the CLC’s responsibility for the prior deficit will end. 4) Trustees and plan members will be provided with training. 5) Benefit changes and the allocation of surplus are still to be resolved in collective bargaining. Trustees can agree to actuarially neutral benefit changes. 6) The voting strength in the Board of Trustees will be equally divided between the union/plan member representatives, and the employer. Union/plan member representation may include representatives of retirees. IAMAW Local Lodge 3111 CULR and COPE Local 225 will share equally both the union/plan member representation and the retiree representation on the Board. Board members will have alternates. 7) Trustees will be provided with liability insurance at the expense of the plan.

Joint Trusteeship. The parties agree to not pursue joint trusteeship. All references to the Joint Trust will be removed from the collective agreement. 2. Contributions Employee Employer Consistent margins valuation basis 4.84 (blended) 12.0* 3. Operation of the pension plan

Joint Trusteeship. Employer to notify employees annually as to amount of made to ▇▇▇▇▇▇▇ & Associates, Plan Administrators, and ▇▇▇▇▇▇▇ will provide an annual financial statement on the members account.

Joint Trusteeship. The Employer and the Union agree in principle to the concept of Joint trusteeship of the Health Boniface General Hospital Retirement Plan. Subject to the resolution of those matters to be addressed by the Employee Benefits Issues Identification Committee, the parties agree to support changes to the plan to achieve joint trusteeship. This agreement signed this day of For the International MEMORANDUM OF AGREEMENT UNION OF OPERATING ENGINEERS, LOCAL Units) Re: Participation in Pension Plan The and the Union agree to participate in the Jointly Pension Plan in accordance with the Trust Agreement and Plan Text as established by the Board of Trustees as anticipated and in accordance with the September Memorandum of Understanding for Amalgamation of the Pension Plan for Employees of Participating Health Care Organizations in Manitoba (MHOPlan) and the Retirement Plan for Employees of the Health Sciences Centre and Boniface General Hospital et Plan). The parties agree that the plans' liabilities and assets, including surpluses, will be transferred from the existing plans to the successor plan. The contribution rate schedule as indicated in the Memorandum of Understanding of September may only be amended by the process outlined in the trust agreement or through collective bargaining. This agreement signed this day of For the Health Sciences Centre (All Units) (hereinafter called the "Union") HEALTH SCIENCES CENTRE The Employer and the Union agree to participate in the Provincial Health Care Labour Program and renew the Letter of Understanding on Redeployment principles attached to and forming part of this collective agreement. For the International Engineers, Local of Operating This agreement signed this day of \ INTERNATIONAL UNION OF OPERATING ENGINEERS, LOCAL (All Units) (hereinafter called the "Union")