LETTER X

If a filed actuarial valuation results in the combination of the University contributions to the Money Purchase Component Account and in respect of the Supplementary Pension benefits, which shall include both current service cost and special payments required by the filed actuarial valuation before the application of any surplus, being less than the member contributions to the Money Purchase Component Account, then the University's combined contributions in the subsequent plan year shall be made equal to the member contributions, either by increasing the University contributions to the Money Purchase Component Account or decreasing the member contributions, or a combination thereof, at the discretion of the University.

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