HomeMy WebLinkAboutRES 1989-26 - Board RESOLUTION NO. 8926
OF THE
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
DEFINING THE RESPONSIBILITIES OF THE TRUSTEES OF THE
DEFINED BENEFIT PENSION PLAN WITH RESPECT TO
APPROVING AND EXECUTING VARIOUS DOCUMENTS
WHEREAS, the Truckee Donner Public Utility District has established
a defined benefit pension plan for its employees; and
WHEREAS, the Board of Directors serve as the Trustees of the
pension plan; and
WHEREAS,- certain documents need, from time to time, to be approved
and executed by the plan Trustees; and
WHEREAS, the Trustees wish to establish policy regarding the
procedure to be followed in performing such approval and execution
of documents;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Truckee Donner Public Utility District, acting as Trustees of the
pension plan, as follows:
1. The following documents shall be submitted to the full
Board of Trustees for formal approval prior to being
executed: plan amendments, trustee appointments,
investment contracts.
2. Only the following documents shall be prepared by the
plan administrator and submitted to the Board of Trustees
as an informational item, without the need for full Board
action: annual tax returns, notice of termination of
employment.
3. Once the items listed in paragraph 1 above have been
approved by Board action, the document shall be executed
by the Board President, or in the absence of the
President, by the Vice President. Those documents listed
in paragraph 2 shall be executed by the Board President,
or in the absence of the President by the Vice President.
PASSED AND ADOPTED by the Board of Directors of the Truckee Donner
Public Utility District at a meeting duly called and held within
the District on the 18th day of September 1989 by the following
roll call vote:
AYES: Aguera, Corbett, Sutton, White and Maass.
NOES: None.
ABSENT: None.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Ejg,��C,
JanAds A. Maass, President
ATTEST:
72
Susan M. Craig, Deputy Distiplot Clerk
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