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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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10/14/2015 2:06:27 PM
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10/14/2015 2:06:20 PM
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Resolution/Ordinance
Res Ord Num
R2009-37
Res Ord Title
ADOPTING POST EMPLOYMENT HEALTH PLAN - NATIONWIDE RETIREMENT SOLUTIONS
Department
City Manager
Approved Date
4/6/2009
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s <br /> ARTICLE I <br /> DEFINITIONS <br /> The following terms as used in this Agreement have the meanings indicated <br /> below unless the context requires otherwise: <br /> l .l "Administrator" shall mean the person or entity designated by the <br /> Plan as possessing authority to control and manage the operation and <br /> administration of the Plan. The Administrator shall be the Corporation unless and <br /> until the Corporation resigns or is removed by the Union and Employers in <br /> accordance with the terms of the Plan. <br /> 1.2 "Code" shall mean the Internal Revenue Code of 1986, as it has been <br /> and may be amended, and corresponding provisions of future laws, as they may <br /> be amended. <br /> 1.3 "Corporation" shall mean Nationwide Retirement Solutions, its <br /> successors and assigns. <br /> 1 .4 "Employers" shall mean any state and local governments or political <br /> subdivisions thereof that, pursuant to collective bargaining agreements with the <br /> Unions, are obliged to contribute to the Plan and have entered into Participation <br /> Agreements with the Administrator. <br /> 1.5 "Fund" shall mean all money and property held by the Trust, and all <br /> earnings and profits thereon, less the payments made there from in accordance <br /> with the terms of this Agreement. <br /> l .b "investment Manager" shall mean an investment advisor registered <br /> pursuant to the Investment Advisor's Act of 1940, a bank as defined in such act or <br /> an insurance company qualified to manage the assets of benefit plans pursuant to <br /> the laws of more than one state. The Investment Manager shall be Nationwide <br /> Advisory Services ("NAS"), unless and until NAS resigns or is removed by the Unions <br /> and Employers in accordance with the terms of this Trust. <br /> 4 <br />
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