Who has the authority to amend or modify the CEAP Retirement Plan?
The Retirement Commission may amend or modify the CEAP Retirement Plan at any time by a resolution approved by at least two-thirds (2/3) vote of the members of the Commission, subject to the approval of the CEAP National Board. Any amendment shall immediately be communicated to each member through his Participating Employer. However, nothing in this present Plan nor in any subsequent amendments to be made therein shall be construed as providing or intending to provide for the return to the Participating Employers of any portion of the contributions made by them to the Fund, nor operate to permit any part of the assets of the Fund to be used for or diverted to purposes other than the exclusive benefit of the members and their beneficiaries.
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