Transfer of Existing Pension Assets. In order for CUPE Local 1001 to meet the Pension obligations pursuant to the foregoing, monies will be transferred to the Trustees of Local 1001 from the existing Pension Plan, being the "University of Windsor Employees' Retirement Plan", at a time and manner to be determined by the parties; the amount of such monies shall be determined by the Actuaries representing the interests of all parties affected by such a transfer (CUPE Local 1001, The University of Windsor, and the Ad Hoc Pension Committee) and shall be in accordance with the rules, regulations and requirements of the Pension Commission of Ontario and the Department of National Revenue. Once transferred to the Pension Trust, monies will be utilized at the sole discretion of the Trustee.
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