Retirement Committee. A committee of the President of WEA, three (3) teachers appointed by the WEA, the Superintendent of Schools, and three (3) additional persons appointed by the Superintendent of Schools will determine the 401(a) vendor(s) and monitor and analyze the new retirement provisions established with the 2002-2003 Master Agreement.
Retirement Committee. (a) The parties hereby jointly establish a Retirement Benefits Committee for the purpose of reviewing retirement issues. The Committee shall consist of 4 members appointed by the County, and 4 members appointed by the Union. Either party may remove or replace its appointees at any time. The Chair of the Committee will rotate each January 1 from a County designee to a Union designee and vice versa each July 1. The initial Chair shall be a County designee. The purposes and functions of the Retirement Benefits Committee shall be to review existing employee benefits and their provisions and make findings and/or recommendations to the parties regarding changes in retirement benefits. The Committee shall meet not less than once every 2 months. A quorum for conducting business shall consist of at least 3 members appointed by each party.
(b) If the parties are unable to agree on the implementation of any recommendation, the appropriate statutory provisions concerning bargaining and impasse may be used only by joint agreement, in order to resolve the dispute. Absent such agreement, either party may present proposals on any recommendation consistent with Section 33-108(a) of the County Collective Bargaining Law. In the event the Employer reaches agreement with any other certified bargaining representatives on any recommendation, such agreements shall not be binding on this bargaining unit.
Retirement Committee. The Retirement Committee shall consist of six (6) persons - three (3) appointed by the Company and three (3) appointed by the Union.
Retirement Committee. The Company hereby delegates authority to administer the Nonqualified Plan to the Human Resources Committee of the Board of Directors of the Company (the "Committee"). Any action by the Committee shall be evidenced by a written document, certified by the Secretary of the Committee. References to the Company's authority, right, or power to act contained in any notice, disclosure, or communication which is made with a view toward effectuating the purposes of this Nonqualified Plan shall be construed to include such actions by the Committee on the Company's behalf and such actions by others to whom the Committee has delegated its authority.
Retirement Committee. The Employer and the Union agree to establish a Labor-Management 403(b) Committee as a forum for the exchange of information and ideas to improve the Plan and advance toward the goal of financial security in retirement for all participants.
Retirement Committee. 7 Section 4. Pension Committee...........................................7 Section 5. Organization and Executive Compensation Committee...........7 Section 6. Environmental Policy Committee..............................8 Section 7. Finance Committee...........................................8 Section 8. Other Committees............................................8 Section 9. Changes of Size and Function................................8 Section 10.
Retirement Committee. The board of directors at any time, by resolution adopted by a majority of the board of directors, shall appoint a retirement committee composed of three or more directors, a majority of whom shall not be members under the company's Non-Bargaining Unit Employees Retirement Plan established by the board. Any action required or permitted to be taken by the committee must be approved by both (a) a majority of the committee members present at a meeting at which a quorum is present, and (b) a majority of the total number of committee members who are not members under said Plan. The chairman of the committee shall not be a member under said Plan. The duties of the committee shall be to monitor the general administration of the company's Non-Bargaining Unit Employees Retirement Plan and the committee shall be responsible for monitoring the carrying out of its provisions as more fully set forth under the terms of the Plan.
Retirement Committee. Article IX of the Retirement Plan Agreement calls for establishment of a Retirement Committee constituted by six members of the presbyterate, four elected and two appointed. This Committee is in the process of organization.
Retirement Committee. The Plan shall be administered by the Retirement Committee, as appointed by the Board. Subject to those powers which the Board has reserved as described in Article 7 below, the Retirement Committee has general authority over, and responsibility for, the administration of the Plan. The Retirement Committee shall have full power, authority and discretion to interpret and construe the Plan, to make all determinations considered necessary or advisable for the administration of the Plan and the calculation of the amount of benefits payable thereunder, and to review claims for benefits under the Plan. The Retirement Committee's interpretations and constructions of the Plan and its decisions or actions thereunder shall be binding and conclusive on all persons for all purposes.
Retirement Committee. The Plan will be administered by the Retirement Committee appointed by the Board in accordance with Article 3 of the Retirement Plan. No Employee serving on the Retirement Committee will receive any compensation for services performed in his or her capacity as a member of such Committee. However, the Company may reimburse any member for any necessary expenses incurred to the extent such expenses are not paid by the Plan. A majority of the members of the Retirement Committee at the time in office will constitute a quorum for the transaction of business. All resolutions adopted or other actions taken by the Retirement Committee at any meeting must be approved by the vote of a majority of the members of the Committee, but resolutions may be adopted or other action taken without a meeting upon written consent signed by all members of the Committee. If at any time a majority of the individuals serving on such Committee and eligible to vote are unable to agree, or if there is only one such individual, any action required of the Committee will be taken by the Board and its decision will be final. An individual serving on the Retirement Committee who is a Participant will not vote or act on any matter relating solely to himself or herself.
