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Minutes from the Pension Advisory Review Committee meeting held on December 16, 2021, covering topics such as the approval of resolutions, trust reports on OPEB and pension, actuarial valuations, and discussions on compensated absences and future meetings.

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What is pension advisory review committee?

The Pension Advisory Review Committee (PARC) is a group established to provide oversight and guidance on pension plans, ensuring compliance with regulations and promoting informed decision-making regarding pension fund management.

Who is required to file pension advisory review committee?

Generally, pension plan sponsors and administrators are required to file reports with the Pension Advisory Review Committee if they operate a pension plan that falls under specific regulatory frameworks.

How to fill out pension advisory review committee?

To fill out the pension advisory review committee forms, individuals must provide detailed information about the pension plan, including plan type, participant demographics, and financial details, following the specific guidelines provided by the governing body.

What is the purpose of pension advisory review committee?

The purpose of the Pension Advisory Review Committee is to evaluate pension plans for compliance with legal and financial standards, provide recommendations for improvements, and protect the interests of plan participants.

What information must be reported on pension advisory review committee?

Essential information that must be reported includes plan details, funding status, investment strategies, participant demographics, compliance measures, and any unresolved issues related to the plan.

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