Changes to the Plan – Nov. 2011:
- Trustees are in the process of reviewing all service providers to the Plan. Some long-term providers are not performing as expected, while bundling fees that require itemized explanations that will be forthcoming. Where providers are not meeting expectations, new providers will be interviewed.
- The Trustees have changed actuarial services from ASI to Buck Consultants, Ltd.
- The valuation for 2011 will be delayed due to the changeover to new actuary.
- Member statements will necessarilly be delayed due to the changeover, as well.