Per Amendment No. 2 to the Trust Agreement, Article III, Section 7, as amended and restated effective July 1, 1991, election for the Airport Police and Fire Officers Chapter (APFO) Trustee term scheduled to begin July 1, 2008 will be June 2, 2008.

In order to be eligible to serve as a Trustee, an individual must be a member in good standing of the APFO Chapter, must not have been convicted or imprisoned of/for any crime described in Sec. 411 of the Employee Retirement Income Security Act of 1974, as amended, for a period of at least the last 13 years as required by the Trust Agreement of the PSEA Health & Welfare Trust Fund and be willing to assume the responsibilities outlined below.

Trustee responsibilities include, but are not limited to, the general fiduciary duties of receipt of employer contributions and other income and creation and administration of the Plan of benefits; administration of the Trust Fund assets solely in the interest of the participants and their beneficiaries; compliance with Internal Revenue Code and other applicable laws; payment of current benefits and reasonable and prudent expenses necessary to manage the Trust; and investment of contributions and other income not required for the payment of benefits or expenses.  The Board of Trustees owes a fiduciary duty to the participants and beneficiaries of this Trust and by law, all investment decisions must comply with Internal Revenue Code and the prudent investor rule.

Enclosed is a packet containing Trustee Election Notice/Nomination Instructions, Nomination Petition, Candidate Certification and Qualifications Statement.

If you are eligible and are interested in serving as a Trustee, follow the instructions and submit the forms as directed.