New York State United Teachers Member Benefits Trust

“Name relationship organization roderick sherman business nysut member benefits corporation lynette metz business nysut member benefits corporation arthur pepper business nysut member benefits corporation paul pecorale business nysut member benefits corporation jeffrey hartnett business nysut member benefits corporation florence mccue business nysut member benefits corporation”

“The final draft of the form 990 is provided to the board of trustees prior to its filing.”

“Trustees and trust employees are covered under the policy/code of ethics, which appoints an ethics compliance officer, who is responsible for administering, implementing, interpreting and enforcing the policy. Each trustee and trust employee must sign and submit written acknowledgment stating that he or she has received the policy. In addition, each trustee shall be required to submit annually an ethics compliance form. Trustees and trust employees who become aware of, or reasonably should have become aware, that they have a conflict of interest, have a duty not only to disclose that conflict, but to cure it (normally by promptly eliminating the conflict or refraining from taking action on a particular trust matter as to which a conflict exists), if a cure is required. A conflict of interest arises whenever a trustee or trust employee has an interest with an individual or organization which has or is seeking to enter into a transaction, arrangement, or other relationship with the trust, including, without limitation, an endorsement arrangement, or stands to obtain a benefit therefrom. A conflict of interest may also arise as a result of a personal or professional relationship between a trustee or trust employee and third parties, commonly referred to as a "related-party transaction."”

“This organization, and all its related organizations, determines compensation of all its officers and key employees annually either by a) compliance with collective bargaining agreements for individuals covered by the cbas or b) the board of directors of the parent organization, new york state united teachers.”

“The organization does not make the governing documents, conflict of interest policy and financial statements available to the public. The form 5500 filed with the employee benefit security administration (us department of labor) is made available to plan participants.”

“Hours for related organizations some of the officers and directors listed in part vii, section a, line 1a also serve in similar roles for related organizations. The hours listed in part vii column b reflect the average hours per week for this organization only. The hours worked for related organizations are reflected on the respective organizations' form 990. Certain key employees and highest compensated employees listed in part vii, section a, line 1a also perform work in varying capacities for related organizations. The total hours that these employees work on average is between 35 and 40 hours per week for this and related organizations.”