Number: 45
Subject: RESTRICTION STATEMENT ON
RETIREMENT FUNDS
The Amberton University Pension Plan
and Trust is under the oversight of the Amberton University Corporation. The
Board of Trustees of Amberton University appoints the University’s CEO, and/or
his/her designate, to administer the Amberton University Pension Plan and
Trust.
The Board of Trustees authorizes the
administrator to distribute retirement funds from the Pension Plan and Trust to
specific individuals who are entitled to receive such funds. Withdrawal
and disbursement of retirement funds will be allowed only to specific
individuals and for the exact amount to which they are entitled, and any and
all such disbursements of funds will be reported to the Board of Trustees on a
regular basis.
The investing of the Amberton
University Pension Plan and Trust will be dictated by the Trustees of the plan,
appointed by the Board of Trustees of Amberton University. Investment activity will be reported annually
to the Board of Trustees of Amberton University.