Plan Operations

The Plan has been designed with the intention that over the future working lifetime of the Plan Participants, the estimated required contributions from Participants and their Employer together with investment earnings on these contributions will be adequate to finance the level of benefits provided. The Employer does not guarantee the benefits.

Actuarial reviews are carried out every 3 years and the benefits under the Plan may be adjusted on the basis of experience and the actuarial reports. The Plan's actuary determines the funding required to support the benefits and reports any unfunded liability to the Trustees for their action.

All contributions are paid to, and all plan operation expenses are paid from, the Plan Trust Fund. CIBC/Mellon is the current custodian of the assets in the Trust Fund.

The Trustees also retain the services of other advisers in the operation of the Plan:

The Plan upon Wind up (Termination)

The Plan assets are required to be used for the exclusive benefit of all Participants and beneficiaries. If on Plan Termination the assets are insufficient to meet the liabilities, the benefits may be reduced. The Trust Agreement, Plan text and the federal Pension Benefits Standards Act 1985 govern plan termination and partial plan termination.