7. Administration/Management Costs - the plan will be self
supporting without a subsidy from the College. The minimum
fee charged by the trustees will be $750.00 per year or 1/2
of 1% per year of the fund, plus $25.00/member, per year. This
is to administer the plan, and provide members with appropriate
documentation and updates.

You should be aware that changes may be made to the Income Tax
Act or other requirements to the plan, which may result in amendments or
the termination of the plan.

The foregoing is intended only as a brief outline for employees
to be able to give an indication of whether or not they would be interested
in such a plan. If interested, please sign below, and forward to Robert
Sawka, Personnel Department, by February 6, 1986.

 

 

Name Department

With a favourable expression of interest, the Committee will carry
the concept for the plan forward to the College Board for formal approval.

M.H. Morfey
M. Leslie