f' ;', 29 Sample Clauses

f' ;', 29. 4 It is expressly understood and agreed by and between the parties that the contributions of the members of this unit to Pension Plan II up through and including December 31, 1989, shall be credited to the members' individual accounts in the MERS system effective upon transfer. All funds paid by the City into the Pension II shall be transferred, including those contributions made by the City from 111/90 and thereafter to fully fund Pension Plan II. It is expressly understood by and between the parties that all amounts paid by the City into Pension Plan II since 1/1/90 to fully fund the pension plan shall remain in the plan and these funds are not subject to claims by individual members of the pension plan. It is further understood that from and after 111/90 the pension benefits for the members of this unit are fully funded by the City of Melvindale on a sound actuarial basis.
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