Administrative Information

Plan Amendment and Termination

While it is expected that CRP will continue indefinitely, the Board of Trustees of the University reserves the right to amend, modify or terminate CRP and to discontinue CRP contributions at any time under any circumstance it deems advisable (including, but not limited to, the need to address legal changes or cost or plan design considerations). Any termination or modification of CRP shall not adversely affect the benefits accrued by participants prior to the date of termination or modification except to such extent as the University may decide in accordance with applicable law. Upon termination of CRP, all participants who are employed by the University shall be 100% vested in any CRP benefits accrued prior to the termination date.

While this Summary Plan Description summarizes the major provisions of this plan, it does not provide you with every plan detail. The plan documents, which govern this plan, provide full details. If there are any discrepancies between this Summary Plan Description and the legal plan documents, the legal plan documents control.