Common use of Trustee Responsibilities Clause in Contracts

Trustee Responsibilities. The Trustees are responsible for the operational and financial sustainability of the Trust, in accordance with the Central Collective Agreement, including, but not limited to:‌ (a) review of the design of the ETFO Plan and ETFO-EW Plan at regular, periodic intervals and such other times as the Trustees determine to be prudent; (b) the validation of the sustainability of the ETFO Plan and ETFO-EW Plan design at regular, periodic intervals and such other times as the Trustees determine to be prudent; (c) setting and revising Employee Contribution rates or premium requirements and deductibles with respect to the ETFO Plan and the ETFO-EW Plan at regular, periodic intervals and such other times as the Trustees determine to be prudent; (d) delivery of annual reports of Trust actuaries and auditors to the Parties, including reports regarding recommendations on sustainability and any subsequent changes to Plan design; (e) on an ongoing basis identifying efficiencies that can be achieved in the administration and investment of the ETFO ELHT; (f) design, adoption and implementation of a Funding Policy or Policies and an investment policy or policies with respect to the ETFO Plan, the ETFO-EW Plan, and with respect to other Plans; (g) compliance with all applicable statutory requirements, including all applicable tax statutes; and (h) procurement of adjudicative, administrative, insurance, consultative and investment services.

Trustee Responsibilities. The Trustees are responsible for the operational and financial sustainability of the Trust, in accordance with the Central Collective Agreement, including, but not limited to:‌ (a) review of the design of the ETFO OSSTF Plan and ETFOOSSTF-EW Plan at regular, periodic intervals and such other times as the Trustees determine to be prudent; (b) the validation of the sustainability of the ETFO OSSTF Plan and ETFOOSSTF-EW Plan design at regular, periodic intervals and such other times as the Trustees determine to be prudent; (c) setting and revising Employee Contribution rates or premium requirements and deductibles with respect to the ETFO OSSTF Plan and the ETFOOSSTF-EW Plan at regular, periodic intervals and such other times as the Trustees determine to be prudent; (d) delivery of annual reports of Trust actuaries and auditors to the Parties, including reports regarding recommendations on sustainability and any subsequent changes to Plan design; (e) on an ongoing basis identifying efficiencies that can be achieved in the administration and investment of the ETFO OSSTF ELHT; (f) design, adoption and implementation of a Funding Policy or Policies and an investment policy or policies with respect to the ETFO OSSTF Plan, the ETFOOSSTF-EW Plan, and with respect to other Plans; (g) compliance with all applicable statutory requirements, including all applicable tax statutes; and (h) procurement of adjudicative, administrative, insurance, consultative and investment services.