Introduction

The purpose of the Canadian Christian School Pension Plan (the “Plan”) is to provide retirement benefits for eligible Employees of a Participating Employer.

Effective September 4, 1943, CSI established the Former Plan under which Employees previously accrued benefits up to and including August 31, 1972. This Plan was established effective September 1, 1972, and has been restated September 1, 1986, September 1, 1987, September 1, 1992 and September 1, 1998.

It is intended that the Plan and related Trust Fund meet all requirements for registration under the Income Tax Act and the Pension Benefits Act so that the income of the Trust Fund may be exempt from taxation.  Any modifications or amendment of the Plan may be made retroactive, as necessary or appropriate, to establish and maintain such registration.

Except as otherwise provided herein, the provisions of this amended and restated Plan shall apply to an Employee whose employment terminates on or after September 1, 1998. The eligibility for benefits of a former Employee whose employment terminated before September 1, 1998, and the amount of benefits, if any, payable to or on behalf of such former Employee shall be determined in accordance with the provisions of the Plan in effect on the date employment terminated, unless otherwise specifically stated herein.