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By PORAC | June 1, 2014 | Posted in PORAC LDF News

Amendment No. One to the Plan Document of the Porac Legal Defense Fund

(As amended through April 19, 2013)

Pursuant to Article VII (Amendment) of the Plan Document and to Article VI, Section 5 of the Trust Agreement, the Board of Trustees of the PORAC Legal Defense Fund hereby amends the Plan Document as follows:

  1. Subsection (c) of Section 5 of Article II (Entitlement to Benefits) is deleted.
  2. The following is added as subsection (c) of Section 5 of Article II (Entitlement to Benefits):
    If a Participant retires pursuant to the retirement rules of his or her jurisdiction, the Participant shall be entitled to civil and criminal coverage for any act or omission occurring prior to retirement and while he or she was a Participant. Only in exceptional and compelling circumstances as determined by the Board of Trustees in its sole and unreviewable discretion may a Participant be granted administrative disciplinary coverage for such an act or omission. This coverage limitation applies to cases pending at retirement and to cases initiated after retirement.

  3. The effective date of this amendment is April 5, 2014.

This amendment was adopted by the Board of Trustees of the PORAC Legal Defense Fund at a regular meeting held on April 6, 2014.