(a) If it is found that the amount of monthly benefit provided under the Employees' Pension Plan with respect to a member is incorrect because of a misstatement as to his or her age, sex, length of service, earnings or any other relevant fact, the amount of the monthly benefit shall be equitably adjusted on the basis of the correct facts with respect to such member, subject to the sufficiency of the trust fund of the Plan provided, however, that if such correct facts are brought to the attention of the Plan Administrator after discontinuance or termination of the Plan, the amount of the monthly benefit will be adjusted to the amount which could have been provided on the basis of the correct facts by the amount allocated from the trust fund of the Plan to provide such monthly benefits.
(b) If it is ascertained that an overpayment has been made, the amount of such overpayment will be charged against any further payments to the member. If it is ascertained that an underpayment has been made by the Plan, the amount of such underpayment shall be paid by the Plan to the member or person entitled thereto, subject to the sufficiency of the trust fund of the Plan as provided in subsection (a) hereof.
(Ord. 826. Passed 10-9-84.)