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Pension SPD Design Element
      

SECTION 2. ADMINISTRATION OF THE PLAN/INVESTMENTS

The Plan is administered by a Board of Trustees consisting of an equal number of individual trustees (Trustees) representing both management and labor. The Employer Trustees are selected by the San Francisco Electrical Contractors Association and the Union Trustees are selected by IBEW Local Union 6. The current Trustees, including two alternate Trustees, are listed on page ii.

Any questions about the Plan and your benefits should be directed to:

Board of Trustees
Northern California Electrical Workers Pension Plan
720 Market Street, Suite 700
San Francisco, CA 94102-2509

The Board of Trustees has many powers and functions including adopting rules and regulations, interpreting Plan provisions and rules, amending the Plan, deciding policy questions, investing Plan assets and appointing advisors and consultants, such as an auditor and investment managers.

Only the Board of Trustees is authorized to interpret the Plan of benefits described in this booklet. The Board of Trustees has the full discretionary authority to determine eligibility and the amount of benefits, decide benefit claims and appeals, make findings of fact and construe and interpret the Plan and related documents, and any rules adopted by the Trustees. No one else can interpret the Plan -- this includes Employers, the Union and their representatives.

The Board of Trustees has contracted with the Electrical Industry Service Bureau (EISB), to administer the Plan. The Board of Trustees has also contracted with several investment firms to invest the Plan’s assets. Plan assets are maintained in the custody of Comerica Bank. The Plan has contracted with Alan Biller & Associates, an investment consulting firm, to monitor the Plan's investments and investment managers and to assist the Board in developing the Plan’s investment policy.

The investment consultant provides the Trustees with quarterly reports setting forth the Plan's investments and recent activity The Trustees have also contracted with Miller, Kaplan, Arase & Co., a certified public accounting firm, to audit the Plan's assets each year and to prepare the Plan's tax return.