This Employees' Pension Plan may be amended or terminated at any time, retroactively or prospectively, by the Borough Council, subject to ninety days prior notice in writing to the Trustee and the Pension Committee; provided, however, that no modification or amendment which affects rights to any benefits by reason of contributions theretofore made under the Plan shall be made, except to the extent necessary or appropriate to qualify or continue to qualify the Plan under the Code or any other law; and provided, further, that no termination, modification or amendment shall permit any part of the corpus or income of the Fund to be used for or diverted to purposes other than for the exclusive benefit of members and their beneficiaries under the Plan.
(Ord. 826. Passed 10-9-84.)