Except for plan loans approved pursuant to the Loan Policy maintained by the administrator,
no right or benefit of any participant or his beneficiary under this plan shall be
subject to anticipation, alienation, assignment, sale, pledge, encumbrance or charge,
and any attempt to otherwise anticipate, alienate, assign, sell, pledge, encumber
or charge the same shall have no force or effect. If any participant or his beneficiary
shall violate the terms of this section, or shall become bankrupt, then his rights
and benefits hereunder shall, in the sole and absolute discretion of administrator,
cease and terminate, and in such event administrator shall hold or apply an amount
equal to the then-value of such rights and benefits, or any part thereof, for the
benefit of participant or his beneficiary(ies), his spouse, children or other dependents,
or any of them, in such manner and in such amounts as city shall direct.