§ 1004. Liability limited.  


Latest version.
  • In administering the Plan, neither the Board of Trustees or any member or staff member thereof, nor the Employer or any official or employee thereof, shall be liable for any acts of omission or commission, except for his or its own individual gross negligence or willful or intentional misconduct. The Employer and its officials and employees, and each member or staff member of the Board of Trustees shall be entitled to rely conclusively on all tables, valuations, certifications, opinions and reports which shall be furnished by the City Attorney or by an Actuary, accountant, trustee, investment counsel, insurance company or any other expert who shall be appointed, employed or otherwise engaged by the Board of Trustees.

(Ord. No. 19988)