Common use of Long Term Funding Policy Clause in Contracts

Long Term Funding Policy. The Board of Trustees is authorized and directed to adopt the following long-term funding policy immediately: Southern California United Food and Commercial Workers Unions and Food Employers Joint Pension Trust Fund Long Term Funding Policy The co-consultants will produce with the annual actuarial valuations a seven (7) year actuarial projection with the goal of identifying future funding deficiencies (defined as where the negotiated contributions are not enough to satisfy the minimum required contributions under Internal Revenue Code Section 412). These annual projections will be based on the following:

Long Term Funding Policy. The Board of Trustees is authorized and directed to adopt the following long-term funding policy immediately: Southern California United Food and Commercial Workers Unions and Food Employers Joint Pension Trust Fund Long Term Funding Policy The co-consultants will produce with the annual actuarial valuations a seven (7) seven-year actuarial projection with the goal of identifying future funding deficiencies (defined as where the negotiated contributions are not enough to satisfy the minimum required contributions under Internal Revenue Code Section 412). These annual projections will be based on the following: