My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2013-23 APPROVING AMENDMENT TO EMPLOYER PARTICIPATION AGREEMENT
COD
>
City Clerk
>
RESOLUTIONS
>
2013
>
R2013-23 APPROVING AMENDMENT TO EMPLOYER PARTICIPATION AGREEMENT
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/18/2015 4:09:10 PM
Creation date
8/18/2015 4:09:09 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R2013-23
Res Ord Title
APPROVING AMENDMENT TO EMPLOYER PARTICIPATION AGREEMENT NATIONWIDE RETIREMENT SOLUTIONS, INCORPORATED
Department
City Manager
Approved Date
3/4/2013
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
17
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
8.9 Disputes. If a dispute arises as to the payment of any funds or delivery of any assets by the <br /> Trustee, the Trustee may withhold such payment or delivery until the dispute is finally settled consistent <br /> with the terms of Section 14.9. <br /> ARTICLE IX <br /> ACCOUNTING OF THE TRUSTEE <br /> 9.1 Keeping of Accounts. The Trustee, or its designee, shall keep accurate and detailed records of all <br /> its transactions under this Agreement.These records shall be open to inspection during regular business <br /> hours of the Trustee by any person or persons designated by the Administrator in a written instrument <br /> filed with the Trustee. <br /> 9.2 Rendering of Accounts. Within ninety days after (a) the close of each calendar year, (b) the <br /> Trustee's removal or resignation as trustee hereunder, or (c) the termination in whole or in part of the Plan <br /> or this Agreement, the Trustee, or its designee, shall file with the Administrator an account setting forth all <br /> its transactions (including all receipts and disbursements) under this Agreement during such year, or <br /> during the period from the close of the last preceding fiscal year of the Trust to the effective date of its <br /> removal or resignation or the termination of the Plan or this Agreement, and showing all property <br /> (including its cost and fair market value) held by it hereunder at the end of such accounting period. The <br /> fiscal year of the Trust shall be a calendar year. The Trustee shall certify in writing that the information in <br /> the accounting is accurate. The Administrator and the Trustee may agree in writing that similar accounts <br /> will be prepared by the Trustee and filed with the Unions at more frequent intervals. <br /> 9.3 Discharge of Trustee. Ninety days after the filing of any account with the Administrator under <br /> section 9.2 hereof, the Trustee shall be forever released and discharged from any liability or <br /> accountability to anyone with respect to the transactions shown or reflected on the account, except with <br /> respect to any acts or transactions as to which the Administrator files written objections with the Trustee <br /> within such ninety-day period.The written approval of the Administrator of any account filed by the <br /> Trustee, or the Administrator's failure to file written objections within ninety days, shall be a settlement of <br /> such account as against the Administrator and each Employer and shall forever release and discharge <br /> the Trustee from any liability or accountability to such entities with respect to the transactions shown or <br /> reflected on such account. If a statement of objections is filed by the Administrator, and if the <br /> Administrator is satisfied that its objections should be withdrawn or the account is adjusted to its <br /> satisfaction,the Administrator shall indicate its approval of the account in a written statement filed with the <br /> Trustee, and the Trustee shall be forever released and discharged from all liability and accountability to <br /> the Administrator and each Employer in accordance with the immediately preceding sentence. If an <br /> objection is not settled by the Administrator and the Trustee, the Trustee may start a proceeding for <br /> judicial settlement of the account in any court of competent jurisdiction, and the only parties that need be <br /> joined in such a proceeding are the Trustee, the Administrator, each Employer, and each Union and such <br /> other parties whose participation is required by law. <br /> 9.4 Right to Judicial Settlement. Nothing in this Agreement shall prevent the Trustee from having its <br /> accounts settled by a court of competent jurisdiction at any time. The only parties that need be joined in <br /> any such proceeding are the Trustee, the Administrator, each Employer, each Union and such parties <br /> whose participation is required by law. <br /> 9 <br />
The URL can be used to link to this page
Your browser does not support the video tag.