Pension Board Clause Samples

The Pension Board clause establishes a governing body responsible for overseeing the administration and management of a pension plan. Typically, this board is composed of representatives from both the employer and employees, and it is tasked with making decisions regarding plan investments, benefit distributions, and compliance with relevant regulations. By centralizing authority and decision-making, the clause ensures that the pension plan is managed effectively and transparently, addressing the need for accountability and proper stewardship of retirement funds.
Pension Board. Union members may seek a seat on the City of Auburn Hills Pension Board by filing an application with the City Clerk in accordance with the Pension Plan document.
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Pension Board. Annually, during the month of May, the Town shall conduct an election among all persons employed by the Town who are covered by the Pension Plan for the purpose of electing one such person as a member of the Pension Board for one fiscal year beginning the ensuing July 1. In the event the person so elected fails to complete his or her term, the Town shall, in the month immediately following the incumbent’s departure, conduct an election to choose a replacement for the balance of the term from among the persons covered by the Pension Plan.
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Pension Board. The Union will be permitted to appoint a bargaining unit member to be on the applicable Pension Board.
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Pension Board. Pursuant to Town ordinances, the Town shall conduct an election among all persons employed by the Town who are covered by the Pension Plan for the purpose of electing one such person as a member of the Pension Board for a two-year term beginning July 1.
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Related to Pension Board

  • JOINT LABOR MANAGEMENT COMMITTEE The parties agree that they will continue the Joint Labor-Management Committee to discuss matters of mutual interest relating to the employees covered by this Agreement. Topics for the Joint Labor-Management Committee may include, but are not limited to, Professional Development, Incentive Pay, etc. The Committee shall meet quarterly or as mutually agreed by the co-chairs. The President of CWA or designee and the Director of Human Resources or designee shall serve as co-chairs.

  • Central Bargaining Committee (a) In central bargaining between the Canadian Union of Public Employees and the participating hospitals, an employee serving on the Union's Central Negotiating Committee shall be paid for time lost from his normal straight time working hours at his regular rate of pay and without loss of leave credits for attending central negotiating meetings with the Hospitals' Central Negotiating Committee in direct negotiations up to the point of arbitration. In addition, an employee serving on the Union’s Central Negotiating Committee shall be paid for time lost from his normal straight time working hours at his regular rate of pay and without loss of leave credits for two (2) days of preparation time for such central negotiating meetings with the Hospital’s Central negotiating Committee. Upon reference to arbitration, the Negotiating Committee members shall receive unpaid time off for the purpose of attending arbitration hearings. It is understood and agreed that the maximum number of Union Central Negotiating Committee members entitled to payment under this provision shall be eight (8), and in no case will more than one employee from a hospital be entitled to such payment. The Union shall advise the Hospitals' Central Negotiating Committee, before negotiations commence, of those employees to be paid under this provision. The Hospitals' Central Negotiating Committee shall advise the eight (8) Hospitals accordingly. (b) Vice-Presidents of the Ontario Council of Hospital Unions shall be granted leave of absence by their employers in accordance with (a) above or Article 12.02 as the case may be, in order to fulfil the duties of their position.

  • International Employee Plan Each International Employee Plan has been established, maintained and administered in material compliance with its terms and conditions and with the requirements prescribed by any and all statutory or regulatory laws that are applicable to such International Employee Plan. Furthermore, no International Employee Plan has unfunded liabilities, that as of the Effective Time, will not be offset by insurance or fully accrued. Except as required by law, no condition exists that would prevent Company or Parent from terminating or amending any International Employee Plan at any time for any reason.

  • Safety and Health Committee The District's Safety and Health Committee shall include three (3) classified staff members appointed by ECCE who shall fully participate in the duties and functions of the Committee. The Safety and Health Committee shall normally meet on a monthly basis.

  • Union Bargaining Committee A Union Bargaining Committee shall be appointed by the Union and shall consist of up to three (3) members of the Union together with the President of the Union or her designate. The Union shall have the right at any time to have the assistance of members of the staff of the Union when negotiating with the Employer.