Memorandum of Agreement

between

The Trent University Faculty Association
("the Association")

and

The Board of Governors of Trent University
("the Employer")

In the Matter of the Legal Splitting of the Pension Plan

Subject to satisfying any legal or contractual provisions, the Association and the Employer ("the parties") agree that the Contributory Pension Plan for Permanent Employees of Trent University ("the Plan") should be legally split into two plans in accordance, in the first instance, with the present segregation of Plan assets and liabilities: one plan for members of the bargaining unit represented by the Association and for Plan members with the right to enter or return to that bargaining unit, and the other for other members of the Plan. Accordingly, the parties now agree as follows:

1. They shall jointly advise OPSEU, Local 365, of the signing of this Memorandum of Agreement between them.

    

2. They shall jointly request the Plan actuary to prepare a report to be submitted to the next scheduled meeting of the Pension Committee, advising in detail on the most expeditious way to proceed with splitting the Plan.

    

3. They shall jointly submit to the next scheduled meeting of the Pension Committee a motion which shall approve in principle the splitting of the Plan into two legally separate plans.

    

4. With the approval of the Pension Committee, they shall proceed as expeditiously as possible with arrangements for the legal splitting of the Plan.

Dated at Peterborough this 11th day of June, 1996.

	Title Index
Chapter	I, II, III, IV, V, VI, VII, VIII
Schedule	A, AA
Appendix	A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P
Signatures