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FULL PACKET_2010-12-06
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FULL PACKET_2010-12-06
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Last modified
7/26/2016 2:51:46 PM
Creation date
12/2/2010 1:46:08 PM
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City Clerk
Doc Type
Agenda Packet
Date
12/6/2010
Destruction Year
2015
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With respect to management and control of investments, the Employer shall have <br />the power to direct the Trustee in writing with respect to the investment of the Trust <br />assets or any part thereof. <br />Expenses and fees in connection with the administration of the Plan and the Trust <br />shall be paid from the Trust assets to the fullest extent permitted by law, unless the <br />Employer determines otherwise. In accordance with Section 53217 of the California <br />Government Code, the Employer may elect to make contributions to the Trust sufficient <br />to defray the expenses of administering the Plan or may pay such expenses directly. <br />5.2 Amendment and Termination. <br />The Employer shall have the right to amend, modify or terminate this Plan at any <br />time. The Employer shall not be liable for the payment of any benefits under this Plan <br />and all benefits hereunder shall be payable solely from the assets of the Trust. <br />N131:564577.3 15 <br />55C -54 <br />
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