The employer may amend this Plan, at any time or from time to time, by an instrument, in writing, executed in the name of the employer under its Municipal seal by officers duly authorized to execute such instrument and delivered to Council, provided, however, that:
(a) No amendment shall deprive any participant or any beneficiary of a deceased participant of any of the benefits to which he or she is entitled under this Plan, with respect to contributions previously made.
(b) No amendment shall provide for the use of funds or assets held under this Plan other than for the benefit of employees, and no funds contributed to this Plan or assets of this Plan shall, except as provided in Section 296.11(d), ever revert to or be used or enjoyed by the employer.
(c) No amendment to the Plan which provides for a benefit modification shall be made, unless the cost estimate described in Section 296.12(c) has been prepared and presented to Council in accordance with the Act.
(Ord. 2139. Passed 3-15-93.)