Retirement Board. 1. The Retirement Board shall process and pay retirement claims, except in cases beyond the Board’s control, in the following manner:
Retirement Board. The Retirement Fund shall be administered by a Retirement Board of seven (7) members as follows: The Mayor and Controller of said City, ex officio, three (3) persons appointed by the Mayor, and two (2) members of the Fund nominated and elected by members of the Fund (no more than one of which at any time shall be from the same Collective Bargaining Unit). The terms of appointed members of the Retirement Board shall be three (3) years, beginning on January first, the terms of one expiring at the end of each year. The terms of elected members of the Retirement Board shall be three (3) years, beginning on January first, said terms running concurrently. A member of the Retirement Board shall serve until his successor is named and has qualified, and the Mayor shall make such appointments to the Retirement Board as may be necessary to fill vacancies occurring during the term, except a vacancy in the positions of member representatives which shall be filled by the members of the Fund. No member of the Retirement Board shall incur any liability for any act done or omitted in the exercise of his duty, except due to his own willful misconduct and/or lack of good faith. The Retirement Fund shall indemnify and hold harmless each member of the Retirement Board for any and all claims or liabilities asserted against him by reason of his status as a member of the Retirement Board, except those claims or liabilities occasioned by his own willful misconduct and/or lack of good faith. The Retirement Board shall submit annually to the Board of Finance of the City of New Haven a schedule of estimated appropriations of money necessary for the administration of this plan; and shall receive, control, manage and expend according to the provisions of this plan all of said Fund, including any monies contributed by employees; and shall invest and reinvest all of said Fund in accordance with the provisions of the General Statutes governing trust funds. Said Board shall determine the eligibility of a member of the Retirement Fund and his rights under this act; shall make bylaws and regulations not inconsistent with law for the administration of this plan; shall hire and dismiss any employees necessary for the proper administration of this plan and fix their compensation and shall engage expert actuarial, legal, auditing, investment and medical service when, in the judgement of the Retirement Board, it shall be advisable.
Retirement Board. APDEA members appointed to serve on the Police and Fire Retirement Board shall be allowed to attend to the business of the retirement board during their normal working hours without loss of compensation for time spent in the pursuit of their Retirement Board duties.
Retirement Board. The First Selectman shall appoint to the Retirement Board, one (1) Firefighter, Lieutenant or Assistant Chief in the bargaining unit, which employee has been designated by the Union for such appointment for a duration of three (3) years. When such term expires or should that appointment become vacant during such term, the First Selectman shall fill such vacancy in the same manner as the original appointment.
Retirement Board. The Company shall be the administrator of the Plan. In order to assist with the administration, the Company shall establish a Retirement Board. The Retirement Board shall consist of 3 persons who shall be appointed by the Company and who shall hold office during the pleasure of the Company and 3 persons who shall be appointed by the Participating Unions and who shall hold office during the pleasure of the Unions. The Retirement Board shall hold at least two meetings per year. The Retirement Board shall determine all questions of length of service, eligibility, reinstatements, and the rates and amounts of Earnings of Members, Vested Terminated Persons and Retirees for purposes of the Plan and all matters relating to the administration, interpretation or application of the Plan, subject, however, to Applicable Legislation. The Retirement Board may at any time and from time to time establish rules and regulations governing its procedure and its administration of the Plan; which may be amended from time to time by the Retirement Board.
Retirement Board. 1. A Retirement Board shall be established to review and discuss the status and administration of the Retirement Plans, including the implementation of any changes, and seek to resolve any problems or issues related to the administration of the Retirement Plans (including, e.g., service-provider service problems). De-identified information may be used when necessary to discuss systemic issues.
2. The Company and the Association each may appoint up to three (3) members to the Retirement Board. At any meeting of the Retirement Board, each party may be accompanied by individuals the party deems appropriate. The Retirement Board shall meet at least semi-annually, unless otherwise agreed by the Company and the Association.
3. The benefits specialists for the Company and the Association shall agree on an agenda for each meeting, and shall notify the Company of any agenda items which need to be addressed at the meeting so that the Company may designate the appropriate individuals to attend; notice shall be provided at least two weeks in advance of the meeting if the attendance of only Company and Association representatives is appropriate and shall be provided at least one month in advance if the attendance of outside service-providers is also required. Should the meeting be scheduled to cover multiple agenda items, the parties shall exchange a list of attendees based on the agenda items.
4. Neither the Company members nor the Association members of the Retirement Board shall have the power to modify or interpret the terms of any Retirement Plan. However, either the Company members or the Association members may suggest modifications to the Retirement Plans to the Company and the Association.
Retirement Board. 11.12.1. Employees elected to Trustee or Substitute Trustee positions on the Retirement Board or similar bodies shall be detailed to meetings, training, and any other activities required of them to fulfill their fiduciary duties when such activities occur during regularly scheduled work hours or mandatory overtime.
Retirement Board. A Retirement Board will be formed by the Township to include a PBA Local Officer as a member. The Board will meet approximately six (6) months prior to retirement.
Retirement Board. APDEA members appointed to serve on a retirement board shall be allowed to attend to the business of the retirement board during their normal working hours without loss of compensation for time spent in the pursuit of their duties.
Retirement Board. Benefit Processing Time
