To serve as fiduciaries for the Unitarian Universalist (UU) Organizations Retirement Plan (“the Plan”), and to serve as the Committee referenced in the governing document of the UU Organizations Retirement Plan (“Plan Document”).

The Committee’s duties, as stated in the Plan Document, include but are not limited to:

• To make all determinations and computations concerning the benefits, credits and debits to which any Participant or Beneficiary is entitled under the Plan;
• To make rules and regulations for the administration of the Plan that are not inconsistent with the terms and provisions of the Plan;
• To construe all terms, provisions, conditions and limitations of the Plan;
• To correct any defect, supply any omission or reconcile any inconsistency that may appear in the Plan, in such manner and to such extent as it shall deem appropriate and proper, and to carry the Plan into effect for the interest of the Participants and Beneficiaries;
• To select and engage from time to time such pension consultants, actuaries, accountants, attorneys, investment advisors, investment managers, and other agents and employees as the Committee may deem necessary or advisable in the proper and efficient administration of the Plan and Trust;
• To determine and resolve, in its sole discretion, all questions relating to the administration of the Plan; and
• To review and render decisions respecting a claim for (or denial of a claim for) a benefit under the Plan.

The Committee may delegate all or any part of its powers, rights, and duties under the Plan to such individuals, committees, or entities as it may deem advisable.

In addition to the duties as defined in 15.1 of the Plan Document (as amended), The Committee shall provide timely reports to the UUA Board of Trustees on relevant topics which may include but are not limited to the number of participants, the performance of the investment options, the financial condition of the Plan, and relevant proposed and enacted changes in regulations that may cause the plan to make changes to its operations or its provisions.

Membership

The Committee shall have no fewer than seven members, appointed by the UUA Board of Trustees, who shall include:

• The UUA Treasurer;
• The UUA Financial Advisor; and
• At least five other persons.

A majority of Committee members shall be members of Unitarian Universalist congregations or religious professionals eligible for participation in the Plan.

Term

For regular members, two years, normally beginning July 1, with reappointment allowed three times for a maximum of eight years. The Treasurer and Financial Advisor serve ex officio.

Qualifications

Experience or demonstrated knowledge in one or more of the following areas: retirement plan oversight, investment analysis, financial planning, employee benefits administration, human resource management, or related fields. The Committee leadership in conjunction with the Board and Appointments Committee may deem other experience relevant and desirable, as appropriate.

Meetings

The Committee shall meet as necessary, but no less frequently than twice per year. An official meeting is one at which half of the Committee’s membership (rounded to the next whole person) is present. Meetings may be held with members physically present or through virtual/electronic means that allow participants to hear and communicate with each other simultaneously.