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| General Information Concerning Your Pension Plan |
Type of Plan The Plan is a Defined Benefit Plan, which means that your pension is based on a formula which takes into account your years of covered employment. There are no individual accounts established to which portions of the Employers’ contributions are credited. No member or beneficiary has any right, title or interest in or to the Fund other than to the benefits provided in the Plan. Plan Sponsor and Plan Administrator The Plan Sponsor and Plan Administrator is the Board of Trustees which is made up of Union Trustees designated by the Union and Employer Trustees. The Trustees serve without pay and presently include: |
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Employers Trustees |
Union Trustees |
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Dewey V. Cannella |
Wendell W. Young, IV |
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Patrick Durning |
Edward C. Chew, III, Trustee |
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Paul Truncellito |
Louis Bucci UFCW Local 1776 3031A Walton Road -Suite 201 Plymouth Meeting, PA 19462 (610) 940-1776 ext.815 (610) 940-9525 ext.805 |
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The responsibilities of the Plan Administrator are with the Board of Trustees. The Board is charged with carrying out the provisions of the Plan. They reserve the right to continue and interpret the terms and provisions of the Plan. In the discharge of its duties, the Board is aided and advised by legal, actuarial, accounting and investment advisory services, as well as administrative personnel who are responsible for all Plan and Fund records and communications. The Board of Trustees and/or its duly authorized designee(s) has the exclusive right, power, and authority, in its sole and absolute discretion, to administer, apply and interpret the Plan, including this booklet, the Trust Agreement and any other Plan documents, and to decide all matters (including factual matters) arising in connection with the operation or administration of the Fund or Trust, including the sole and absolute discretionary authority to: 
Take all actions and make all
decisions (including factual decisions) with respect to the eligibility for,
and the amount of, benefits payable under the Plan;
Formulate, interpret and apply rules,
regulations and policies necessary to administer the Plan in accordance with
the terms of the Plan;
Decide questions (including legal or
factual questions) relating to the calculation and payment of benefits under
the Plan;
Resolve and/or clarify any
ambiguities, inconsistencies and omissions (including factual determinations)
arising under this booklet, the Plan, the Trust Agreement or other Plan
documents;
Process and approve or deny benefit
claims; and
Determine the standard of proof
required in any case. All determinations and interpretations (including factual determinations) made by the Board of Trustees and/or its duly authorized designee(s) shall be final and binding upon all Participants, beneficiaries and any other individuals claiming benefits under the Plan. Any questions pertaining to the Plan should be directed to the Fund Office. |