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5. The Trustee shall allocate to each Member’s Accumulated Fund:
(1) the contributions paid by the Member under Rule 3 and by the Participating Employer in respect of the Member;
(2) any transfer payments received by the Section in respect of the Member; and
(3) a fair share (determined on the advice of the Actuary) of the income, gains, losses and expenses of the Section.
Where the Trustee effects an insurance policy on the life of the Member, the Member’s Accumulated Fund shall be debited with the premiums and (where the Trustee considers appropriate) credited with any proceeds of the policy.
Any allocation of assets to a particular Member’s Accumulated Fund is for benefit calculation purposes only. No beneficiary is entitled to any specific assets of the Section.
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