My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
COD
>
City Clerk
>
RESOLUTIONS
>
2009
>
R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/14/2015 2:06:27 PM
Creation date
10/14/2015 2:06:20 PM
Metadata
Fields
Template:
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
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
72
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
ARTICLE XI <br /> REMOVAL/RESIGNATION OF THE INVESTMENT MANAGER <br /> OR CHANGE IN INVESTMENT MANAGER'S UNDERLYING FUNDING OPTIONS <br /> 11.1 Removal or Resiqnation. The Investment Manager may resign as <br /> Investment Manager for the Plan at any time by a written instrument delivered to <br /> the Administrator giving notice of such resignation. Subject to a veto right <br /> described below, the Investment Manager may be removed at any time by the <br /> Administrator provided the Administrator gives 30 days' advance written notice to <br /> the Employers and Unions. If Unions representing a majority of Participants and if <br /> Employers employing a majority of Participants object to such removal in writing to <br /> the Administrator within 30 days after the date of the Administrator's notification <br /> mailing, then the removal shall not become effective. If there is no sufficient veto, <br /> any notice of removal of the Investment Manager shall be effective after the <br /> Investment Manager receives notice of such removal or at such other time as is <br /> agreed to by the Administrator and the Investment Manager. <br /> 11 .2 Successor Investment Manaqer. If there is no Investment Manager, ' <br /> the Administrator, subject to the approval of participating groups as described <br /> below, shall appoint a successor Investment Manager. The Administrator shall <br /> provide 30 days' advance notice to the Employers and Unions that it has <br /> designated a successor Investment Manager. If Unions representing a majority of <br /> Participants and if Employers employing a majority of Participants object to the <br /> designated successor in writing to the Administrator within 30 days after the date of <br /> the Administrator's notification mailing, then the designation shall not become <br /> effective. The Administrator shall then seek a different successor. If there is no <br /> sufficient objection, the Administrator shall deliver to the Investment Manager <br /> copies of (a) a written instrument executed by the Administrator appointing such <br /> successor and (b) a written instrument executed by the successor in which it <br /> accepts such appointment. Such instruments shall indicate their effective date. <br /> 1 1 .3 Request for Different Fundina Option. <br /> (a) Change Proposed by Administrator. Subject to the approval of <br /> participating groups as described below, the Administrator may request that the <br /> Investment Manager invest the Trust assets in a suitable funding option different <br /> than the one currently selected. The Administrator shall provide 30 days' advance <br /> 22 <br />
The URL can be used to link to this page
Your browser does not support the video tag.