Retirement Benefits Disclaimer
1. PURPOSE
2. POLICY
BYU–Hawaii reserves the right to terminate or amend any of its benefit programs.
ERISA ACT
Pursuant to the Employee Retirement Income Security Act of 1974 (ERISA), it is understood that the university has the right to amend or terminate any of its retirement benefit plans, in whole or in part, or to establish other retirement plans in any way which seem advisable to the President in his/her discretion, provided that any amendment to retirement benefit plans will not prejudice any rights or retirement benefits already vested.
The university also reserves the right, in individual cases where exceptional condition exist, to modify the provisions herein set forth governing the amount and application of the university’s contributions and benefit programs.