R2013-23 APPROVING AMENDMENT TO EMPLOYER PARTICIPATION AGREEMENT

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ARTICLE IV ADMINISTRATION The Administrator from time to time shall furnish the Trustee with the names and specimen signatures of its employees who are authorized to act for it as Administrator, and shall promptly notify the Trustee of any changes thereof. Until notified to the contrary, the Trustee shall be fully protected in relying upon the most recent list of names of authorized employees furnished to it by the Administrator. ARTICLE V FUNDING POLICY AND METHOD With respect to the Fund maintained pursuant to this Agreement, the funding policy and method shall be by payment of monies by the Employers to the Trustee, as shall be determined by the collective bargaining agreements and the terms and conditions of the Plan and Participation Agreements, in order to provide for the payment of benefits under the Plan. The Administrator and Employers may from time to time, by amending the Participation Agreement, amend the funding policy and method, consistent with the objectives of the Plan and applicable law.With each contribution, the Employer will provide the Administrator with a contribution report indicating the amount to be allocated on behalf of each employee for whom a contribution is made for post employment health benefits under the Plan.The Administrator shall provide each Union a copy of the contribution reports for Participants represented by that Union and shall notify the Union of the amounts received on behalf of those Participants. The Administrator and Trustee may assume the contributions paid over to the Trustee by participating Employers are correct. Any responsibility relating to enforcement of the contribution obligations shall rest solely with the Unions. Employer contributions to the Trust shall be paid in accordance with procedures established by the Administrator and the Trustee. The Administrator or its designee shall record the contributions and reconcile the Employer's contributions reports. The Administrator shall instruct the Trustee to transfer the contributions received in good order to the Trust account upon completion of such recording and reconciliation. Contributions shall not accrue income or share in investment gains or losses prior to the transfer to the Trust's investment account. Good order is defined as the reconciliation of contribution data and funds remitted by Employer. ARTICLE VI INVESTMENTS 6.1 General Investment Authorization. (a) All initial amounts contributed to the Fund shall be invested using the most conservative funding option of a group variable annuity product, unless an Employer, for its Plan, directs the Administrator otherwise in writing. Unless otherwise directed by an Employer, the Participants shall have the opportunity to invest his or her account balance (and any future contributions to his or her account) in more aggressive funding options of the group variable annuity product. (b) To the extent the current funding options are no longer used for the Trust's investments pursuant to Section 11.1 and Section 11.2 hereunder, the Fund shall be invested and reinvested, without 5