The University of Maine System Non-Contributory Retirement Fund, (the "Fund") is a defined benefit pension fund that is intended to provide retirement benefits to participants in accordance with the benefit structure established by the University of Maine System Board of Trustees. The Fund is governed by the terms of its governing plan document and other applicable laws. The investments of the Fund will be made for the exclusive benefit of Plan participants and beneficiaries.
The investment guidelines will: • Establish formal but flexible investment parameters that incorporate prudent asset allocation and achievable total return goals. • Outline the investment responsibilities of the Committee, the investment managers, the custodian, and the investment consultant. • Provide a mechanism for regular communication between UMS and all parties with responsibility for fund investments.
University of Maine System, "Non-Contributory Retirement Fund Guidelines" (2019). General University of Maine Publications. 419.
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