Toledo union journal. [volume] (Toledo, Ohio) 1942-current, 1950-10-20

any employee applying for retirement benefits,
and to afford any such individual dissatisfied
with any such determination the right to hear
ing thereon;
c. To develop procedures for the establish
ment of credited service of employees as de-
fined herein and, after affording employees and
employers an opportunity to make objection
with respect thereto, to establish such facts
conclusively in advance of retirement;
d. To obtain from employer, from the
union, from the trustee and from employees
such information as shall be necessary for prop
administration of the Plan;
e. To prepare and distribute in such man
ner as the Board determines to be appropriate
information explaining the Plan;
f. To furnish to the employers and to the
union, upon request, such reports with respect
to its administration of the Plan are reason
able and appropriate;
g. To authorize the Trustee to make benefit
payments from the Trust Fund to persons
titled to benefits under the Plan;
h. To receive and review (not more often
than once a year, a report of receipts and dis
bursments from the Trustee and to have made
periodic (not often than once year,
actuarial valuations of the Plan by an actuary
designated by the Board and to approve the
actuarial assumptions to be used in such actu-
arial valuations;
j. To collect, receive evaluate, analyze and
prepare statistical data with respect to the ad-
ministraton of the Plan, and to make an annual
report which shall review analyze and sum-
Marie the operation of the Plan;
j. To maintain or arrange for such office
space equipment services and other assistance
may be necessary for the proper administra-
ton of the Plan, with due regard to economical
administration of the Plan; and to authorize
payment by the Trustee from the Trust Fund
Of for fha adj niujS
tration of the Plan including fees and expenses
of the Trustee.
k To make reciprocal agreements with the
Boards of Administration of other retirement
income plans established by the union with en-
ployers other than the employers defined here
in, to provide for the reciprocal transfer of
credited service between such plans and this
Plan in the cases of employees transferring their
employment to or from such employers and to
amend the Plan to the extent necessary to in
corporate such reciprocal agreement; provided,
that any such agreement and amendment shall
be executed only if the Board shall be satisfied
that the contemplated arrangement is consistent
with sound actuarial principles; and provided,
further, that any such amendment shall be
tingent approval by the Commissioner of
Internal Revenue under Section 165 other
applicable provisions of the Internal Revenue
Code
4. To constitute a quorum for the trans
action of business, there shall be required to be
union members and two employer members. AT
all meetings of the Board the employer members
shall have total of four votes and the union
members shall have total of four votes; the
vote of any absent member being divided
equally between the members present appointed
by the same party. Decisions of the Board shall
be by majority of the votes cast
s. local committee shall be set up at the
plant of each employer and shall consist of one
person selected by the employer and one person
selected by the union. The Local Committee
shall receive application for benefits under the
Plan take action with respect thereto, and have
such other functions with respect to the admins
traton of the Plan may be delegated to them
by the Board. Such Local Committees shall meet
annually with the Board, and at such other
times as the Board finds necessary for proper
and uniform administration of the Plan. At any
such meetings, one employer member and one
Union member of the Board shall act as CO.
chairman.
ARTICLE NATURALIZATION OF
BENEFITS