(a) to establish the rate of credited interest on members’ contributions, subject to the applicable provisions of the plan;

(b) to appoint a person who is a Fellow of the Canadian Institute of Actuaries, or a firm that employs a Fellow, to perform actuarial duties required for the proper operation of the plan;

(c) to approve the actuarial assumptions recommended by the actuary for establishing the level of employer contributions required for the satisfactory funding of benefits granted under the plan;

(d) to approve actuarial factors to be used as the basis for calculating actuarially equivalent benefits or values granted to members under the provisions of the plan;

(e) to appoint a person or corporation to manage the plan for the purpose of maintaining member records, preparing annual statements, calculating all benefits payable to members and their beneficiaries and any other duties the Board may consider necessary;

(f) if a dispute arises between a member, a participating body and the plan manager, or any of them, with respect to the interpretation of a provision affecting a benefit or right to which a member may be or may claim to be entitled, to decide on the interpretation of the provision giving rise to the dispute, and the decision shall be final and binding on all parties to the dispute;

(g) to give advice and make recommendations in a manner consistent with the terms of the plan regarding matters relating to the interpretation and operation of the plan which are specifically referred to the Board by a participating body or the plan manager;

(h) to appoint an insurance company, trust company or other legal entity to hold and manage the investment of the pension fund;

(i) to review the plan with the actuary at regular intervals not exceeding 3 years;

(j) to hold meetings for the above purposes when necessary or at the written request of the plan manager; and

(k) to prepare an annual report.