On or about January 1, 2005, or as soon thereafter as administratively feasible, the trustee will accept a plan-to-plan transfer of assets and liabilities from SRIP II in an amount equal to the sum of the account balances of the police employees who become participants in this plan and who have account balances in SRIP II as of December 31, 2004. The account balances shall be valued as of December 31, 2004 (plus applicable earnings and losses incurred to the date of transfer). Each police employee with an account balance in SRIP II as of December 31, 2004 whose account is transferred to this plan shall be credited with the same account balance as of January 1, 2005 in this plan. The accounts shall remain invested as the police employees designated under SRIP II until the police employee affirmatively changes their investment election in accordance with procedures established by the committee. No change in investment elections will be permitted during any necessary "black out" period that is administratively necessary to transfer the account balances.

If a participant becomes an inactive participant, becomes an employee who is not a police employee, and then participates in SRIP II, the balance credited to their account under this plan (as of the date of transfer) shall be transferred from this plan to SRIP II as soon as administratively feasible. After such transfer, no further benefits shall be due and payable to such person or their beneficiaries from this plan and they shall be due and payable from SRIP II. (Ord. 6837-NS § 1 (part), 2005)