8(1)All contributions, investment income and other assets received for the purposes of the plan shall be deposited in the pension fund.

8(2)All the benefits under the plan shall be paid from the pension fund.

8(3)Subject to this section and section 7, no part of the pension fund, including income on the pension fund, shall be used for or directed to a purpose other than a purpose for the exclusive benefit of members, retired members, terminated vested members and their beneficiaries and contingent annuitants entitled to benefits under the plan.

8(4)The pension fund shall be held, invested, reinvested and distributed by the investment agency in accordance with the following:

8(5)All expenses incurred in the operation and administration of the plan shall be withdrawn from the pension fund unless they are paid separately.

8(6)At intervals not exceeding 3 years, the Board shall cause the actuary to value the assets and liabilities under the plan and to report on the status of the pension fund.

8(7)On termination of the plan in accordance with section 7, benefits payable under the plan shall be paid out of the assets held in the pension fund and no further liability or obligation to make contributions to the pension fund shall be imposed on an employer except as may be required under any applicable legislation to the extent that the employer has not previously complied with those requirements.