Increase in Contribution Rates During Transitional Period Sample Clauses

Increase in Contribution Rates During Transitional Period. If during the Transitional Period an actuarial valuation report filed with the Superintendant of Pensions indicates that the contribution rates to the Basic Account then in effect are insufficient to cause the Pension Plan to be fully funded on a going concern basis, and that there is thus a requirement to increase contribution rates to the Basic Account, the increase shall be shared equally between the Employers and the Plan Members, and the Board shall amend the Pension Plan Rules accordingly.
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