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<blockquote data-quote="251" data-source="post: 1189031" data-attributes="member: 49141"><p>It's boilerplate language for lazy trustees that don't give a damn about the membership. Here, give this SPD a gander. THIS is what we should have. JC 43 has proven it's possible, so we should expect nothing less than progress toward that plan. Especially note their "Boilerplate" termination of fund language..</p><p></p><p><strong>"21.14(c) MCTWF TERMINATION</strong></p><p><strong>MCTWF may be terminated at any time and for any reason. In such event, the Trustees will</strong></p><p><strong>take necessary steps to wind down the Trust. In conformity with the provisions of the Trust</strong></p><p><strong>Agreement, the Trustees will apply the Plan Trust assets to pay or to provide for the payment of</strong></p><p><strong>all obligations of MCTWF. Any remaining surplus will, in accordance with the terms of the</strong></p><p><strong>Trust Agreement, be used in such manner as the Trustees believe will best effectuate the</strong></p><p><strong>purpose of MCTWF, subject to the requirement that no part of the assets of the Trust may be</strong></p><p><strong>diverted to any purpose other than the exclusive benefit of Participants and beneficiaries and</strong></p><p><strong>payment of the administrative expenses of MCTWF. Upon termination, no part of the assets of</strong></p><p><strong>MCTWF will revert or accrue, directly or indirectly, to the benefit of an Employer or the</strong></p><p><strong>Union.</strong></p><p><strong>Please refer to your Schedule of Benefits to determine what benefits are covered under your MCTWF Plan and how they are paid.</strong></p><p><strong>The Trustees have the full and absolute discretion, authority and power to</strong></p><p><strong>interpret, control and implement the terms and provisions of all documents</strong></p><p><strong>and instruments governing MCTWF including, but not limited to, the</strong></p><p><strong>terms of the benefits plans, rules, regulations and policies adopted by the</strong></p><p><strong>Trustees, or to alter, amend or terminate the Plan. </strong></p><p><strong>The Trustees also have the full and absolute discretion, authority and power</strong></p><p><strong>to determine -</strong></p><p><strong>• all questions regarding MCTWF coverage and eligibility;</strong></p><p><strong>• methods of providing benefits;</strong></p><p><strong>• all matters concerning the operation of MCTWF; and</strong></p><p><strong>• all claims for benefits. </strong></p><p><strong>Benefits under your Plan will be paid only if the Trustees decide in their</strong></p><p><strong>discretion that the applicant is entitled to them."</strong></p><p><strong></strong></p><p><strong></strong>Pretty good huh? This is what you get when you have competent leadership. And that language that protects Sperling is NOT boilerplate. It is a joke that is 100% in the benefit of the employer. I understand that you are content to have very low expectations of our elected officials in local 251, but don't crap all over people that want a stronger local, better benefits and solid leadership. You will lose that "Just settle for mediocrity" argument every time.</p></blockquote><p></p>
[QUOTE="251, post: 1189031, member: 49141"] It's boilerplate language for lazy trustees that don't give a damn about the membership. Here, give this SPD a gander. THIS is what we should have. JC 43 has proven it's possible, so we should expect nothing less than progress toward that plan. Especially note their "Boilerplate" termination of fund language.. [B]"21.14(c) MCTWF TERMINATION[/B] [B]MCTWF may be terminated at any time and for any reason. In such event, the Trustees will[/B] [B]take necessary steps to wind down the Trust. In conformity with the provisions of the Trust[/B] [B]Agreement, the Trustees will apply the Plan Trust assets to pay or to provide for the payment of[/B] [B]all obligations of MCTWF. Any remaining surplus will, in accordance with the terms of the[/B] [B]Trust Agreement, be used in such manner as the Trustees believe will best effectuate the[/B] [B]purpose of MCTWF, subject to the requirement that no part of the assets of the Trust may be[/B] [B]diverted to any purpose other than the exclusive benefit of Participants and beneficiaries and[/B] [B]payment of the administrative expenses of MCTWF. Upon termination, no part of the assets of[/B] [B]MCTWF will revert or accrue, directly or indirectly, to the benefit of an Employer or the[/B] [B]Union.[/B] [B]Please refer to your Schedule of Benefits to determine what benefits are covered under your MCTWF Plan and how they are paid.[/B] [B]The Trustees have the full and absolute discretion, authority and power to[/B] [B]interpret, control and implement the terms and provisions of all documents[/B] [B]and instruments governing MCTWF including, but not limited to, the[/B] [B]terms of the benefits plans, rules, regulations and policies adopted by the[/B] [B]Trustees, or to alter, amend or terminate the Plan. [/B] [B]The Trustees also have the full and absolute discretion, authority and power[/B] [B]to determine -[/B] [B]• all questions regarding MCTWF coverage and eligibility;[/B] [B]• methods of providing benefits;[/B] [B]• all matters concerning the operation of MCTWF; and[/B] [B]• all claims for benefits. [/B] [B]Benefits under your Plan will be paid only if the Trustees decide in their[/B] [B]discretion that the applicant is entitled to them." [/B]Pretty good huh? This is what you get when you have competent leadership. And that language that protects Sperling is NOT boilerplate. It is a joke that is 100% in the benefit of the employer. I understand that you are content to have very low expectations of our elected officials in local 251, but don't crap all over people that want a stronger local, better benefits and solid leadership. You will lose that "Just settle for mediocrity" argument every time. [/QUOTE]
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