PLAN AMENDMENT PROCEDURES

Changing, Enhancing, Reducing or Eliminating Benefits

There is no vested right to receive Plan benefits.  What this means is that the Board of Trustees may change, enhance, reduce or eliminate benefits at any time.  The Board of Trustees has a fiduciary responsibility to prudently manage the Plan.  In order to meet this responsibility, the Trustees periodically review the cost and benefits of the various Plans.  As a result of this review, the Trustees may find it necessary to change, reduce or eliminate benefits.  An example of this occurs when Plan costs for a specific benefit increase more than projected, requiring a reduction in the benefit allowance.

Notification of Plan Changes to Participants

The Trustees reserve the right to change or discontinue any Plan benefits, in whole or in part, as they deem such action necessary.

Such action by the Trustees will be accomplished by a Plan Amendment, which details in writing the changes made.

You will be provided a written notice when such changes to the Plan (Plan Amendment) are made. This notice will describe in detail the changes and will be provided to you no less than 60 days prior to the effective date of any change which discontinues, reduces, or eliminates a benefit.  However, the Board of Trustees reserves the right to utilize a shorter notification period if necessary.