Pension Plan Administrative Details

Overview | Eligibility | How the Plan Works | Benefit Calculations | Payment Options | Administrative Details

Plan Administrator Information

The Pension Plan administrator supervises day-to-day administration of the Pension Plan. The governing body of the Pension Plan is the Pension Committee. This committee appoints the Pension Plan administrator, interprets the Pension Plan, establishes the Pension Plan’s administrative structure, and oversees its operation.

Funding of the Pension Plan

Your benefits under the Pension Plan are funded entirely by contributions from participating employers. The amount of annual contribution is determined by an independent actuarial firm in accordance with Internal Revenue Service regulations.

The contributions are held by the Trustee. The assets in the Trust are invested by investment managers selected and monitored by the Pension Committee. The Trustee will make monthly benefit payments to you when you become eligible for them. The books and records of the Pension Plan are kept on a calendar year basis, which is the Pension Plan Year.

Amendments or Termination of the Plan

Trinity Health intends to continue the Pension Plan indefinitely, but reserves the right to amend or terminate the Pension Plan at any time. If the Pension Plan is wholly or partially terminated, the accrued benefits of participants affected will become fully vested, and distribution would be made in accordance with provisions of the Pension Plan.