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Specified Plan Change Proposals - Final Decisions

July 3, 2012

The SC, at its meeting of June 28, made amendments to some of the eleven SPCs before final, intensive discussion and debate.  Two SPCs were approved by the required two-thirds majority for approval including decisions establishing principles and a methodology for future contribution rate allocations, a decision on the 2013 contribution rates and a cap on contributory earnings.  In addition, a decision was made to file the 2011 Primary and Supplemental Plan valuations although this was determined not to be an SPC (i.e. would have no effect on contribution rates or benefits).

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