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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2011
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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2011
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Last modified
8/5/2016 2:45:04 PM
Creation date
8/8/2011 10:39:04 AM
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Contracts
Company Name
PARS (PHASE II SYSTEMS)
Contract #
A-2011-114
Agency
Personnel Services
Council Approval Date
4/18/2011
Expiration Date
4/7/2016
Insurance Exp Date
5/8/2017
Destruction Year
2021
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(c) To compute, certify to, and direct the Trustee with regard to the amount and bind of <br />benefits payable to the :Members and their Beneficiaries; <br />(d) To authorize all disbursements by the Trustee from the Trust; <br />(e) To maintain all records that may be necessary for the administration of the flan other <br />than those maintained by the Trustee, and <br />(f) To appoint a flan Administrator or, any other agent, and to delegate to them or to the <br />Trustee such powers and duties in connection with the administration of the Man as it may from <br />time to time prescribe, and to designate each such administrator or agent as a fiduciary with <br />regard to matters delegated to him. <br />With respect to management and control of investments, the Employer shall have the <br />power to direct the Trustee in writing with respect to the investment of the Trust assets or any <br />part thereof. Where investment authority, management and control of Trust assets have been <br />delegated to the Trustee by the Employer, the Trustee shall be a fiduciary with respect to the <br />investment, management and control of the Trust assets contributed by the Employer and <br />Members with fimll discretion in the exercise of such investment, management and control. <br />Where investment authority, management and control of Trust assets are not specifically <br />delegated to the Trustee, the Trustee shall be subject to the direction of the Employer. <br />Expenses and fees in connection with the administration of the plan and the Trust shall be <br />paid from the Trust assets to the fullest extent permitted by law, unless the Employer determines <br />otherwise. <br />To the extent determined by the Employer or its delegates, elections and consents made <br />by n -ieans of electronic media shall be permissible if made according to the relevant provisions of <br />Treasury regulation Section 1.401 (a)-2 1. <br />NB 1:790420.2 22 <br />
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