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AMENDMENT TO APPROVAL OF CHANGES TO MEDICAL CENTER RETIREMENT BENEFITS

WHEREAS, on May 31, 2002, the Board of Visitors, adopted a resolution entitled Approval of Changes to Medical Center Retirement Benefits, amending the Medical Center's retirement plan benefits on a prospective basis, effective no earlier than October 1, 2002; and

WHEREAS, the resolution will result, inter alia, in the establishment of a new Matching Contribution Retirement Plan for Salaried Employees of the University of Virginia Medical Center; and

WHEREAS, the Plan's trustee is legally prohibited from accepting Plan funds prior to the effective date of the Plan; and

WHEREAS, the transfer of funds must be accomplished prior to October 1, in order to permit proper and timely reporting of the transfer to Plan participants, and to prevent disruption of the reporting cycle for all other University retirement plan participants;

RESOLVED that the Approval of Changes to Medical Center Benefits resolution adopted May 31, 2002, is amended to reflect the effective date of September 30, 2002; and

RESOLVED FURTHER that all other provisions of the resolution entitled Approval of Changes to Medical Center Retirement Benefits are ratified.