Establishment and Amendment of Other Plans. The Trustees may:
(a) establish one or more Benefit Plans in respect of some or all Participating Employees not covered by the Central Collective Agreement who participate in the AEFO ELHT pursuant to one or more Participation Agreements. The Trustees shall establish, for each such Plan, a corresponding Separate Account. The Trustees may change, modify, reduce, increase or otherwise alter such other Plan or Plans, in their absolute and unfettered discretion, to align, as much as possible, the assets in and Contributions to the Separate Account with the Benefits and liabilities of the Plan associated with the Separate Account. Any such alteration may take effect retroactively or otherwise, provided that Benefits, once paid, may not be reclaimed;
(b) establish, on their own, or together with other Education Sector Employee LIfe and Health Trusts, one or more Benefit Plans for other Participating Employees who are entitled to Benefits from the Fund under a Central Collective Agreement, but who cannot participate in the AEFO Plan. The Trustees shall establish a corresponding Separate Account for each such Plan. Fund under a Central Collective Agreement, but who cannot participate in the AEFO Plan. The Trustees shall establish a corresponding Separate Account for each such Plan.
Establishment and Amendment of Other Plans. The Trustees may, subject to s. 12.3, establish one or more Benefit Plans in respect of some or all Participating Employees not covered by the Central Collective Agreement who participate in the CUPE EWBT pursuant to one or more Participation Agreements. The Trustees shall establish, for each such Plan, a corresponding Separate Account. The Trustees may change, modify, reduce, increase or otherwise alter such other Plan or Plans, in their absolute and unfettered discretion, to align, as much as possible, the assets in and Contributions to the Separate Account with the Benefits and liabilities of the Plan associated with the Separate Account. Any such alteration may take effect retroactively or otherwise, provided that Benefits, once paid, may not be reclaimed.
