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.