Section 29-5-404 - Authority of the trust - rules

(1) In addition to any authority given to the trust, the trust has the authority to: (a) Create a program description to further define or modify, but not decrease, the benefits of this part 4;(b) Modify the contribution rates, benefit levels, including the maximum amount, consistent with subsection (1)(a) of this section, and structure of the benefits based on actuarial recommendations and with input from a committee of the trust consisting of representatives from labor, management, volunteer, and trust administration; and(c) Adopt rules and procedures for the administration of the trust.Added by 2017 Ch. 187,§ 1, eff. 5/3/2017.L. 2017: Entire part added, (SB 17-214), ch. 187, p. 683, § 1, effective May 3.