BGCM EC May 2017

18.

MODIFICATION OF THE SCHEME

The formal documents that govern the Scheme are the Trust Deeds and Rules, and they may be amended from time to time by the Trustees. The Trustees need to get the consent of the GFTU to any amendment. The Trustees do not need to get the consent of Scheme members before amendments are made, but their legal obligation is to exercise any powers or discretions that they have, including the power to amend the Scheme, in the best interests of members. Any amendments that change benefits cannot affect any benefits that you have already accrued or which are already being paid to you. You will be formally notified of any changes that are made. The GFTU considers the Scheme to be an important way to reward its employees and fully intends to continue the Scheme and to ensure that all benefits are paid as promised. However, because future conditions cannot be foreseen, the GFTU reserves the right to change or even discontinue the Scheme at any time.

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