If the plan Discontinues

If the plan is terminated, the University is not required to make any additional contributions to the fund. If there are insufficient assets in the fund at termination to pay the pensions and benefits under the plan, the pensions and benefits payable will be reduced pro-rata or as otherwise determined by the Pension Board in an equitable manner subject to the requirements of the Pension Benefits Act and Regulations.

If the plan is terminated and a surplus exists, the excess funds will be shared between the University and the members.