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Future of the Plan and Trust Fund
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Future of the Plan and Trust Fund
The Board of Trustees has the authority to terminate the Trust Fund. The Trust Fund will also terminate upon the expiration of all collective bargaining agreements requiring the payment of contributions to the Trust Fund. In the event of termination of the Trust Fund, any and all monies and assets remaining in the Trust Fund after payment of expenses shall be used for the continuation of the benefits provided by the then existing benefit plans, until such monies and assets have been exhausted.
 
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