1. FINANCE
    2. Loyalty and Prudence


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    FINANCE

     

     





    Loyalty and Prudence

     

    As fiduciaries, the Trustees shall act solely in the interest of participants and their beneficiaries and for the exclusive purpose of providing benefits to participants and their beneficiaries and of defraying reasonable expenses of administering the Trust and the benefits funded directly by the Trust, if any. The Trustees shall act prudently, with the skill and diligence that a prudent person acting in a similar capacity and familiar with such matters would employ.

     

     

    Cross Reference:   Trust document

     

     
    Legal Reference: WAC 200-110-150  (Applies only if the Trust self-insures any Trust benefits.) Standards for management and operations—Conflict of interest
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Adopted: 
    August 29, 2005
    Revised:
    January 24, 2011
    Updated:
    October 16, 2013
    Revised:
    June 14, 2017

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