Resolution 01-1038RESOLUTIONNO.,H I S
A RESOLUTION OF THE CITY OF LONGWOOD_ IIOR[DA
ESTABLISHING A DEFINED CONTRIBUTION PLAN, PROVIDING
FOR EXECUTION OF TRUST JOMDER AGREEMENT'.
PROVIDING FOR .ADOPTION OF DEFINED CONTRIBUTION
PLAN: PROVIDING FOR ACKNOWLEDGEMENT OF MASTER
TRUSTEES'. PROVIDING FOR EXECUTION OF AN ADOPTION
ACCEPTANCE OF SERVICES'. PROVIDING FOR TERMINATION
OF PARPICNAIIONPROVIDING FOR ACKNOWLEDGEMENT
TRUSTEES. PROVIDING FOR FULL FORCE AND
EFFECTIVENESS. PROVIDING FOR REPEAL OF CONFLICTING
RESOLUTIONS- AND PROVIDING AN EFFECTIVE DATE.
WHEREAS. the City of Longwood, Florida, (hereinafter referred m s the "Panieip.Fi ,
Employer' I Ras delennined that in the inxeres o[axvuxingand rexeining qualiled emplpyeev it swishes to
o11Lr o defined contribution plan:
WHEREAS, the Pxnicipating Employer has also determined That it wishes m enco g
-mploy m ing for renament by offering noo-rm.1—g convibuttons,
WHEREAS Em the PerticipotinS ploye has reviewed dte Florida Municipal Pension Taus Fund
("FMPTF' I Defined Contributlon Plan C Plaii I
WHEREAS, tM1e Peraelpaang E+nployer wisNcs to pattleipele in the Plen to provide ouaoin
benefits ro employees. reduce ovomll-,R,svetivc colts. end ntford amarnve tnvesvnenr
opportunities,s
WHEREAS dte PaniupaanS Employer is an Employer as defined in the PH.
WHEREAS, the PenaR, Employer ahall eze - a Trust Joinder AR,—, m become a
parry rp the FMPTF NNIR1 Ub" Agreement ea a condition of p,I,IpaRP9 in the Plan:
\VHEREAS, the Part I ing Empinyr IRGI ezexl— Adop b —11 for IM1e Plan, end
WHEREAS the City of Longwood u rued 0, laa to adopt Ris .-1 pP 'ing the
Trus Joinder mcmand IF, Adoptio Agrement.
Therefore. the City Comminton of are Ciry of Longwood, Florida hereby rewlcer.
Sr»' L The Per g Employ author I I. P of 1h, T sl t—
III he Part S Employer to 1, v putt o the FMPTF Maser Tru Agce . The FMP'IF
Mas erTmcAF11 ay bee tided by the Mas spf-F Defined Contn'buticn
Plan (-Master Tt —, F shall be a[t phed tbOE made a pan of the Tms ]oinder Alm--,
Secion 2 The Panioipating Employer adopts the FMP'fF Defined Conttibulion Plan fm its
s. The Plan, as ay be amended by the Mvsru"Ilvst-es, is aaeched hereto as Exhibit end is
sen of'hia 11-valor on.
Sec on l The Part, p ing Employ aclmowledges ma, the Mes,et Trustees an only
(bnh the Employees to be covered by ,be Plan the benefits m be provided by the Panivipvhug Employer
under ,he Plan and any candid mp—d by the Pan ling Employ whh r o, but
vi[h. me Plen. The Pm'IicipatinN Employer sthe right end its -lee undo the
AdoPtio Agreemen4 so Ion& es the amendment is not Iveonsistxnt wim th- Plvn me III IIF Mvst-r
Agrcem r tM1e Internal R-vrnue Code or other pplieable law and is pp v-d by the Master
T ones of the Plan
(a) The Paniclpahng —player shell We by me [eons of the Plav and the FMPIY Mas,cr
Trust A— nchbm, endure o the Plan and the FMPTi Mes r Tm made by
theMaster Tmstees. ell n i, administrative, and other service agreent-ms' of,he Plan and the
I M? F Master Trust A- -,nand all applicable pmvislons of [he Internal Revenue Cade or other
applicable low.
@) The Participating Employer ceptz the adm Io be Vrovide<I yI "Id,
Teagu- of Clies. Inc end a ovided by n -pager ated by d
ru .The Pnniciputng Employ aoknowledga Mat fees will b-impos-d+Ar-sp-e oIM1-sr,icu
p o5id-d and ma, such fees may be deducted from the Panieipming-Ploy— acwuntz
Section 4:
(a) The Participating Employer may terminate ,ts panicmation in IM1- Plan. if it lakes the
follo,ving actions:
(� Aresolution-1 be adopted tetmivating its Pani-ipatiov ib ft Plvv.
The resolution mvtspeeiryw ev,he pan p on will-nd.
er Trustees shall d-[ermine whether the resolution complies with the Plan. ,h
Mayo Tm.n Al—'-, and ell applicable federal end s[ ,e hwz shall der- tin- an ap
efC<a c dau and shall provide approPne a formt.ongoing P ivipeti Ho,
dis[ribv,iona under the Plan of-xis,ing accounts ro Partieipatning Employ-cs will be made�in accordance
whh,he Plan.
@) TM1- Pan;-ipe,ing Enployer aclmowledges mat d,e elan and me I W 1I Hasler Fatal
mein wn p ismns for mvvlu ry Plan bnnimtion.
�iegpg 7 Th- I g Employ-r owledge- mat au ae Is held ii
nd-ding e a the Plan all v,op— e 'igMs quired o pu,ehosW with s
and all in a 3ulebl-1. ..h a s. propen b- held lb, ,ho
ex-lus eve bevelit ofI articipating Employees ovd their Nenefician'es uoderthe Plen. No pan of,he —,s
ORIGINAL
qI of 2 —
TRUST JOINDER AGREEMENT
FOR DEFINED CONTRIBUTION PLANS UNDER
FLORIDA MUNICIPAL PENSION TRUST FUND
MASTER TRUST AGREEMENT
THIS TRUST JOINDER AGREEMENT, b—t- the City of Lmtgwood, Florida
(herein ref red to s the 'Pti,kipidng Empleyer') and the Master Trustees ofths Florida
Municipal Pension Trust Fund (herein lb-d was ihe"Mester Trustee �.
WITNESSETH:
'ALIEREAS, the Petticipati g Pttployer deairea to provide a defined eo tribution plan
for die sole d exclusive benefit of its Peniciputing Employee, end their Beneficiaries. and F r
such purposes adopted Resolution No- 01-1038 on the 50, day of �. 20)I providing for
the"Ol,li,lbb- of a defned contribution plan'.
WHEREAS, said Resolution authofzd panicipalion in the Flofdi Municipal Pension
Tnist Fund (' FMPTF) and further authorizes the exewtion of this Tritst ].rode, Agreement to
become a pony to the FMPTP M.-, Trust Agreea —, and
I E BEAN, Ore Panicipathtg Employer desires to submit IN, Furst Joinder A3eemeni
10 the Master Tnistee to become a party to the PMPTF Masler Trust Agreement.
THEREFORE, in consideration of the tntnuel covenenrs and agreements fid-tg to —1,
of the pant,, hereto. it i,, agreed ea tbllows.
1. Both panic , ibis Trust Joinder Agreeanent agree that the City of L.onot—d.
Florida is a Panieip,bb, Employer as provided iit the Florida Municipal Pension
Truss Fund Mestet'ltvst Agreement ("Master T—t Agreeme tC ).
2- A, provided m the plan provisons selected by the Panioipating Employer, the
-,kipativg Employer shall make timely <o ttfbutions or shag timely forward
eontnbutions made by Participating Employed for the defined contnb,tb,b plan.
3. A, provided m the plan provisions selected by the Participating Employer, the
Participating Employer shall timely re mely approve the renmtance of
administrative fees as may bo dire under the defined c.-FL16- plan.
4_ The Particlpoti g Lh loyer agrees to provide all i d,tl and update all relevant
Participating Employee infonne[ion requited under the defined wntnbution plan to
the Adntinito sh'etor designated by the Master Ttu t— Tire Participating &nployer
fy shall certisaid information to be correct the best of t, iknowledge and the Master
T"' i- end the .Adminisvatnr ahvb I—, rite ngbt to rely on die accuracy of said
information in performing contr —1 reryonsibdi—
ii I ,�ployer T 'I on�ib'il -,vide tb \1
a,Wb Mntt�tTis „clyn .ail
zl ilo}ecc tl,e 1. �cp ., I, pkl ctd
tb I ,he 1 I,I<,o,i I,d d beMane-[ , _,d Yc
I'k < h,
r�oon,IbW,_
� � . Vnrties t C- A loindc % 1 k hl aIW k I nb b, [I,,
. d, iies, ,d�bi S,i Cl «[o th- the Fo,1Nit icpl
1 in Tivs I J Master l'i i nznded I � \ita,cr
'hcr pant ibis I du' A� 1
the a,he' I.,t� \ v sh,ll be .. b� ,
soi hcih �de M, icp lY�,s<, i",stl nd \I.scTv�i ,,,t. <.
Oh, pW, d,-,;„a;,l ro, Ibe den;,<a -ntrot,aon ..
1 11 VI SS\III ItI ()1' 1! 141 I :ed th i i ei
i Sul ti ,r I� ,lio yea r u aml. f� 1��
rn v or I.ovc�.loon
si'rGs'I'.
n rl�
r
FIAItIDlUI L PbMJ0,N Ii�.fgS`,I 1 no
Fl.n,,M gran( soI —tF-d ORIGINAL.
iOn.t!mi _i ni'ian
1 foPtii n:1ga..mpat #1 of 2 CM
Vlease tell us about Rl�e Yarctciputin� Eimploycr'.
o1_
Ad'va 11 W Y.ar�1 A11,1ic f
lddces� —_ - —
Ia ..........
I lepho _ �401 60 75
I s 4C') JCO 451 --1
� ail (. I II(c long oo II us
layer k'lau Administ�hinr Is:
eioeaa t�ao��c orar��, m�.
J01 S. Bmnough So-eeS
eo-1o= nn
ialleheMO IM 9
enonn: (ss) 2zz -c11sa
tan'. (550)222-33(Iti
e.onw _ Ila" Ina I n 1-1--a"", 350.JJ L ' x2'IQ
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L6eP 1 gF,mFla iuFIW 4401 (e) DeCin�l (' l ian Pia2
Ioialll' choice h: I -i�i eCv-Is tespe �C}thi lzlc pa- layv, is
deem I :V�=i�eF 1 1 FI.yN choice
Your Plsn fear is:
Ouober1- .mbc: W
i_] Jviu��vt-Dcccmhe�3.
I J Oae
. ao�(z)ue wG�rcibw on nand
m
The payroll De—d of the Participating Employer is:
weekly
bi-weekly
❑ onthly
® onthly _
other [specify):
W ho's eligible?
An Employee is eligible to share m Non-cleetivc Contributions and Matching Contrbufions (w
the extent provided wde« the Ylan) if he or she meets all of the following dvym aligbilay
conditions.
1. Aga eanmtlaa
An P.mVloYee is eligbla if he or she has attaioetl:
_ o age requirement
_ age 16
_ gc l8
age 21
_, Service eoadition
An Employee is eligible if he or she bas completed:
se � reyuic
onthsilill",ill Service
_ lYcat of Eligibility Service
Omer:
3. Excluded Employ -
Every Gmployee shares m Non -elective Contributions end Matching Coat bmioas except an
Employee who bebngs eo a claesifcation specified below:
cane �
tg ao l(a)ue Ina
Partielpating Hmployer Coatrtbntlons
A- Picipating Employer may make Non -elective Contributions and/or Matching Contnbuti—
s specified below. Non elective Comributions and Matching Contributions the, are tied m
Payroll Periods (as defned in this Adoption Agreement) m st be re itted to --the Plan
Administrator no later than 15 business days after the Payroll Period, Annual Contributions must
be remitted to the Plan Administfator no later than 15 business days after the cud of the Plan
Year. A Panicipating Employer may establish different clazses of Employees for wntnbution
pueposes in this Adoption Agreement. The Participating Employer hereby elects to make
Contributions as follows (choose one or both az applicable):
[� Non -elective Con [ribu[inns-Panicipating Employer Non -elective Contnbutions will be
mode on the following bvsis (must specify):
SO% of ®ch pact5cig3nY's__mt�w__ti=______
❑ Matehine Contributions
Matching Contnbutions arc Panicipating Employer Contnbutions that may be made to
arch all o e portion of n Pani6pn— eontnbation to an eligible 457(b) dek—d
compensation plan.
If the Participating Employer provides Mulching Contributions, the amount of Matching
�. Contributions made for a Panicipan each Plnn Year will ba(,h.— only
of such Participant's Employee Basic Contributions.
of the Participant's Employee Basic Contnbutions, which cannot exceed
_ o of the Panicipani s B—fit Compensation.
[ j otltet [onnula (requires approval from the F"MPTP )
Non -elective Contributions and MM6 htg Contributions I. the year of termination
A Punieipant shall receive the Employer Contribution dung the your of termination regardless
.Rimecompleted. subject to the vesting sGredule.
Non -elective Contnbutions and Matching Contnbutions will be made:
r§not(�l oen�ee com�n�io ri.�e
Heite(it Contpratsatlon
6eneht Compensation mevre iho Participant's:
Benefit Compensation as defined in Provision 3.13 m the Plan Document.
® other (specify] (requires approval 6om the FMPTF)
Vesting for Participating Employer Non -elective Contributions and Matching Contributions
A Participating Employer may establish a vesting schedule for Participating Employer Non -
elective Contributions and Matching Contributions. This means that if the Participant leaves the
Partioipating Employer's employment prior to completing a spmifted minimum period of service
(not xcoed S years), the Participant forfeits rite Participating Employees Noo-elective
Contnbittions and Matching Conuibtttiotra. However, upon Dovth, Disability, or till Termination
of the Plan, the Panieipnnt is 100% vested in the Panicipant's Participating Non -
elective Contributions and Matching Conaibutions, notwithstanding any vesting schedule. If a
ring schedule is estvblished, ii is the Participating Employer :s responsibility to —Iota the
Participants se and report it to tile Plan Administrator. Tht Participating Employer h—by
cleots [he follow rig:
A Participant b-- Vested in his or her Plan Account acwrding to:
❑ immediate veting
� [he schedule marked below
Vested pereen[agc
Years nfveating Service
1 0% 0% 20% 0%
2 0% 0% `,0% 20%
l !00 % 0% GO% 401
S 100% 100%
7 xxxx xxxx xxxx xxxx
4 ao t(a) n�h��a Cn�t�bvt on IIved
Unless otherwise specified above, the vesting period will begin on the Participant's Erst day of
employment as an Eligible Employee. In addition, unless otherwise indicated above, Eligible
Employees who are employed on the date the Plan is adopted by the Employer will be given
credit for prior service as an Eligible Employee for purposes of satisfying the vesting sch—,
Also. unless otherwise provided ab—, diQereot periods of service as an Eigible Employee will
be added together in determining whether the vesting period hes been satisfied.
Restated Plan If this is a Restated Plan to a be istmg defined —b,b aion plan and the Vesting
Schedule lb,been amended by this Restated Plan, enter the prcamended vesting schedule
below.
Years of Service Percentage Years of Service Percentage
9ok
60% c0%
0%
8 80%
Schedule haz not been amended.
Years of Vesting Service
A year of vesting service shall be measured from the Participant's date of hire. The completion
of twelve calendar months fiom the date of hire shall count as a year of vesting service. Any
years of vesting service credited Gom prior yeas shalt remain credited, regardless of revised
provisions.
Forfeits rex
Forfeitures shall be held in a Forfeitwe A-- and be used to reduce future Panicipating
Employer Contributions.
I � Pay � i 'r4 �=atP1a1� dci rt.' i n I , C-[c vivc[io s �w1 In II : \option
11-,,,,t g F tloy�er by tf ] 1 the
Wopt�o r a Ad b,,i A c.I rrt J_ be tl l[cd end fou, led t�
=1vTTF for egpmvelt
l h, Adop(,on Agreement mny bet --al,d only In awoManea -1, the Plan.
.ddopfing [M1c Yinn
6y below, th, Participating Anploned y,, ndoPts the FMYTF A01(a) DefiConinbution
Plan (" 1 [- ). The Cartiu - Lnplcyer A I lees that —d a wP he Plsn.
llre i'a'"=) 6L'mploYc II .re cnp r YI Hnwne I ade by Ic1�MPTF.
&rrpluy icFl I'u hn or sh 1 - por bill f and has
o,ian It n - _ t,a I r,,mt„ r L. _ _,ipacnl I
crry of ho�cwooD
l�
Paut LoveslnnQ Mayor
�cceptcd for the
Itlartdn Mnuiupal Pension 11'us[ Fund
Dyll Admen istrator
Florida Municipal Pension Trust Fund
§ 401(a) Defined Contribution Plan
Florida Mnninpnl Pension Tn�s Fund
401(n)UCMM Conlribuuon Pivn
CaeLf: OF CQ\'rF:\'TS
3. Por tipafinp 6mplo,} n nrr
J.Ilellniriun'.._.................
J. Service Crediting............
i. Eligilrllir:v_.......................
6. Yi�rticipation in the Vlpn
1 1. Reemplo�'menr tw I Lnirormed Service
13, IN, d l,letl Domestic lielafions Omer.._..
I J. ll�erd Drip Dislribiitiun .............................
Floddn Muulolpal Pension T— Pond
4011a) Defined Con'dbmion Plm,
1. ES I APLISIAILN I OP PLAN
I., c.1Plmi
This Pluu Doemnen, ros ,her e=ilh ,be Penie,l g F oployevs Adi,bi lb Agbneman
the pro oC this be„bemenl Plan-.blished and ma.mamed by .be
Panicipming En,pl.yeb(s),
To IM1e extent oC the Participating Employers panicip.b.. in 'be Florida Municipal
-Pension Tn.n Fund 4o1(a) Defined Contribution Plait Ibis Plan shall amend and
--plan pbeviously io eff-The--d Plan is effective xs f,he Resca,emem
Uma Weep,nso'hmvise specified by the Adoption Ag--,w _
I.d Plan tyypc
The Plan Sponsor ib-ds 1. (ba, is vol required,. or obligated,., main,ain ,he Plan as a
plan Iha, yunlifes for Cavoroble Cedrxal income ms veaonen, under IRC 401b).
Indtt'Idual n...... plan
The Plan is an individual ecconn, play Iba, provides for an indivi-] Accoan, tar each
ican, aipnd for Lebd¢ based solely upon the om an amours, Df C.u'nbolions. in - d
gaibn and losses. espencas. and-feimres aP,,.,d ,o the Pvnioipani s Acmul,
1.5 CRISA does nob apply
TM1e United Slates Code provisions created by Tide I of.he F,nrployee Rehire...... lacm..e
SecarfyAc. fIpl4I—ISA']dono'apply'. Ibis Plan.
I.d Cnt tnl plan
The toll.+ ing In,emal Pb-- Code Pro i,b— don , apply,. this Plan.
IRC§ lle)(d)
IRC 4o4ol(a)(4)
IRC § 401(n)(5J
IRC § 401[a)(d)
IRC S 4011a)(lo)
IRC § 4o1(a)(1I)
IRC § 4011n)(12)
IRC§401(n)(I])
IRC § 401(a)(14)
IRC § 401(aNlS)
IRC q 4olla)(19)
Florida Municipal Pension True Fund
-0) Defined Conlrib.b.11 Plan
IIiC § 401(e)(20)
IIiC § 601(v)()
IRC § C01(v)(B6)
IRC § 601(a)(26)
IRC ¢ 301(v)(28)
IRC § a0I(a)(29)
IRC § OOI(a)(I6)
IRC § 401(a)(I'1)
IRC § 401(a)(2iJ
The --mg Internal kevevue Code provision applies' ns in efkel on Seplemba I,
19Id:
IRC § 40I(aJ(�-
2. PAIt'1'ICIPA—G I'.',11P101EI1S
2.1 Adoption ley Parlicipafinp Employer
Aa Employer m make Ina Plan available Io Its Employees if iI lakes IIIe
folio -' ae —':
v) The Goveming AUIhonly of the Employer mun pus a resoludov ro�molly
adoplinp dlis Plan for i,s Employees end apt o g the Adoption
Agree�nenl.
n) rnereowdnn nmr lnamare me galeofadovlmn_
c) Tne resolution mcommit Io the Iernis' ur an nJaPlion .44mnlcnl u
omplcled bybe Employer.
d) The resolmion must peeity Inal the Employer shall abide by the t— or
the Plan and 11 irusi. ineludivg all in 11, 1sue11 and
e oC the plan. and all applicable proves'onsnor the Code an0 other
applicvble Ivw.
11—b Municipal Pension Trust Fund
401(a Defined Convib,II— Plvn
e) Ilro �esolution Ib [ acknowledge that hte Master Tlusecr v only
,—'p spl for them. and have no responsibility for other employzc
benefit plain memtmned by tFe Employer.
reipating Eml
plo, to Provision
Except lv, properly specified by lhe Ad,'— Agreemem, each Panicipali nq Employer
adopt., the Plan as ived by the Plav Sponsor. The P,1b,,pating Pmpioyvr'
adoption bb, plan u stated bythc Adoption Agacb—
2.3 Alvandmanr biudivg upon all Par Milbitiva Employers
mend o modify this Plan without the consent of the Pvrzlclpating
Employers or of Participants (or uny 8enehcianaz lhereot). Anymodihention_
vitcrvit— or amendment of the Plan. made in occordunee with lhis Provisiob.
may be made retroactively, if doomed necessary or l,ppropnatc by the Manor
Tntmec copy of the rnsolution of the Masterma T-1,, king such
rendmenSF 11 be delivered m the Administrator_ and the Plan shall be
mended in lh¢manner and efFive as aPnadrtiuthrpeatmings vnd r Enplothyeedote setfan-11 s�unc�hundrumfcoc
TPmt be '..I"' lyIt'll
Gnplomaynnlut.tionA.
amend the Plvn in vny tvay. a
b) Subjcc the of applicable laa the Mus r Trus vnd the
Adminlstmtor may I, m ti nand o modify the form of Adoption
Agreemem with the consent ofill, Padicipafing Employers, unless mhcnvlsc
,,,ired under --rob 2 4.
2.J endment for Qualifeafton or Plun.
It is the intent of the —b, trustees that the Plan shall be and remain qualified for lax
puryoses under Code Section 4010) vnd other' applicable ptovi—b, The Master
—1— are permitted (but not required) to submit the Plan to the Imam.' Revenue
Sen'ice for a detetm-b- under the lvtemal Revenue Code and all czpcnse ncident
thereto shall be borne by the FMPTF The Master Trustees may make any modlri-1 ns.
alterations. o mendments to the Plan or Adoption Agreement necessary to obtain and
v approvvl oflhe &,rebury of the Treasury or his or her delegate es may be necessary
v stablisit and m the or the Plan as qualified under the pro of the
Internal Revenue Codo �v ,efeut or hereefier enacted, and tFc 1bg111lb. ns 113ncd
,lb—,,- Any modilicati n' ahemtion. or amendment ,f the Ian of Adoption
r vpp,.,iale. A copy ofth, resolution of the Mvsler —I— making suck amendment
Florida M,,b-i,al Pension Tend F—d
"II a Defined Comribuiion Plan
shall be delivemd to the Adminislmtor end the Plan or Adoptio
n Agree,nem shall be
mended In ,ha monnes vnd elfeetive es of the dmo sal roan in such msolmian. and ,ne
Panicivmin, E,1' lI e[s. Employees. Panieipaatz Bennllcinncs.'fn¢tees_ Admimstramc
and oll others h,,,,g any Interest under are Plea shall be bound ilh—by
2_5 endm rtlopfion Aga it by Pzr kips ing En
The Govembng Au,h-ly shall have,he right a, any time to amend, in whole or in
pan. any or all of its eleUions under the Adoption Agmemenl without the consent
of ,he P iciponts or any Berefleiaries. Provided. bow ever, tl,a, no such
amendmcn�shall:
a) Deprive any Panicipan[nr Beneficiary of any of the bench,, ,o which
me Panicipan[ or Beneficiary u entitled nndor d,is Plan with respect to
credited p[ior,o the eReelivc date of,he amendment: or
b) Amhort- or P—I
any part of the Maser Tres, ,o be livened to
purposes other ,ban the exclusive benefit of the Panicipams or ,het,
e) If an ,evd,—I Burt[, o otherwise r s the deferral w,d
d,oibation ngh,s of,l,, Panieipamu ,he amendment .shall become
efFeclivc on the frs[day of the month following the giving oI not less
d,on forty-five (a5) days prief no,ica of,he an,cndmen, to Panicipams.
if,he endure Wade by , r"1'n shall be
deemed given 0- the amcndn,nnlMis c,eh Pnr[icipaiin3
Employer. If,he ameadmenr was made by,he Pnnicipuling Employer,
e shell b¢ d-,,ed given when the ab,,W un, is o the
Administrator. No a,,,dmen, shell doprive any Participant of any of
the benefits to which the Panicipani is milled under,his Plan with
respects —dllt d pbor toe,he effeGlvc date of the
endure nd n
d) IC the Plnn is ,wded o nodlfied. ,hc Administtvwr shall
ne,heless be esponsible for the supery and the paym of
be"Fils resoling from amounts contrlbnted poor to the an,e,dmem or
modifrntions in accordance with this Pan.
2.6 Comrih utions by l'arricipating Employer
Con«ibu,ions made by o Panic ,lmg Employer shall be de,cnnined separately by
earl, P,nicipating Employer and shell be paid io and held by indir idoal
untfa) under the Invea—KO forth¢ Ix I.Iive 1,11161 of the Pan —
pa -(an, their Bencl iciaries) who are Employees of die Participating Employer.
Florida M-6,1 Pepsi- TnlsI r-d
2.7 1 --f—twip-t among Nliidp.ling Employers
The I-- of any N—ipa.l from ., to any P.1i,,l, E,J., shell no
affect the Participant's Benefit o, rights under the Pla. .11- than ., provided by
,he Pk,
2.8 Discontinuaneo of Plan by Participating E.,,l—,
A, participating -pl., ., p-11W 1-- and d--Ii—, i,
p—o p,— im the Pla., by giving a, l—, 60 d -t— in renting ro the -
,- A, 11—ibb- —1 be 9--d by ffio provisions of Iho Florid.
M-i,ipl P—i.., T-1 Fund M— — Agree.- - he Pl-
3. DEFINITIONS
—d iv the Plan —h of the Id—, the --g soled bd—
is Ih, ro-1 f the individual -Ifd mob Poeicipant
under the lnvestmenl(s) lleld Pu-,— t. the Plan
The --,, balance is the I.Ial amount or value of[he A--, (.1 sub -Account v
reduced by anyinterestheld by �, y k Plan o, by the f, an
Landing 1— and -dll,,d by any IiW, lnvesvnent or M.,1- T— ch f-,
expenses. end raze
1, Ih, 11 Ily 1 11 sub-Am
A_., baj_, ", f h_=i_ ." Ap,lim—
ble
ialrs-Id ,— [1h, —,d A--]
Account Inay also refer to each of the
To the extern necessary ofdesirable to administer the Plan e separate --A—shall
-
be lbep, 1� -- —h ki.d f (- "I'll, 11 11
) H ..... lk Plan Ad-1-11, .. its .I. dil—l—, .-, —=
A,— ' , if doing. d9 does not impair the — -abilityAd, I ability to operate lhi, �
cording to i¢ p—i,r— E-11, as --, p,.,,,,d - b-A--, that aie
W, —d Ih.11 not be l,i ,l ,,h that — .., fully Vested.
Florida Municipal Pension Tnm Pond
4olfa1 Defined Cnn[ribntion plan
Employer Contributions Account
Employer Matching Conrcibutions Account
Employer Non- elective Con[nbudons Ace —
Trvnsfer Covtribu[ions Account
Miscellaneous Amount
If the Penioipant designates more 'lieu one Beneficiary_ upon the w'riuen request o[ any
Benefiesary 0 upon en approvui claim payable to any Honeficiary and u all
Beuedeieries. the Plan AdminislratOr or the I111-bs) shell, to the extent per 1,b by the
lnvestment(s), m separate a with respeot t the of e.,
HeneGciary. begin bg as of the next Valuation Date that ocews s after [he Bwaf, s
regacsror claim Is reocrved by die Plun Administrator or the Issuer(a, appl-ble)_
Eeeb Account st onFlrmvlion furnished by (or on behalf on the Plan
Administrator or by an Issuer or We Agent is intended as a legally simificant statement of
the Panleipaofs accrued (but out Vested) Benefit undo [he Plan. As to each Account
t. i,t by the d- than is 180 days alter the date —the sta[ement was moiled or
otltenvtse seer or ddlivared (or the later date that rs gvi'ed under applicable Ltvesnnent
t. tttc,emotion, r,ported'is rhea, settled and conclusive and en amount stated. If
enbjection to any Account statement or confirmation is withdrawn or is adj-,d to the
PaaicipanCs satisfaction, the ace -,n g is then settled and conclusive end en account
ated. To [ho extent that an Acvotmt statement or oonfinnvtion is an account stated, the
Plan Admiuistratof end every party acdng under the instrvctiov of the Plan Administrator
Ia dischar¢ed from any liability that might otherwise arise out of the Account sta[entent as
fully as if the A-11b, had been setded by an appropriate —1n 1 proceeding. If e court
finds at the application .-I, I ts'on is void as against public polic,, this pro 'stun
mean, a Punlcipant who received a Contribution allorvted m his or her Account doriug
atu die separate but''eI-d wriven ageement exmntcd by the PanicipvtinS Employer
that sate, the establishment of the Participating Employer's plan and its adoption o this
Plan Document, The Flofida Municipal P.,.--,I Rtnd -(a) Defined Contribution
Plan, and Chet states those conforming and eleotive provisions of this Plau vp—ld by
the Participating Employer.
Florida Municipal Veasion Trutt FLnd
401(nt Dafned Con,ribution Plan
3.0 "Agent"
a person tha[ H,e Plan Adminisnntor nppoiuts m frtn services regarding the
Plan.
3.5 allot , Det
,mans the last day ofihc Yenr, unless otherwise specified bythe Ad option Agreement.
3.6 "Alternate Payee"
s a person who is an alt—, payee (within the meaning of IRC $ 4I0(p)(B)J under
n order duetted .the Plan that the Plan Adminittra,or has determined 1p ben Qualified
Domestic Relations Orde,
3.7 ty Pay -,Option"
e Payout Option that includes a provision for payments bused in whole or in par,.
upon the hf of a --I person
3.8 ^Annuity Starting Date"
If the y In, nt fails to define the relev ry Smning Datc the Aonuily Stnr
Date is thetftrs, dny of the first period for whioh an omounl is paid under nny Vayout
Option -
or other fiduciary_ dealgnated by ha Pe icipnnt by a valid Beneficiary Designs ion in his
payable upon or aft, [he Participants death (ihe'primary' Beneficiary(sJ)_or epon or
after the primary Beneficiary s dead, (the"wntingent''or, M—,atc' Benefinary(s)).
The Participants right to desigtrete his or her Bm,eftoivey, limited by Provision 3. 11 and
by all of the following provisions.
withstanding any B—fi, iary designation in the Pnrticipetion Agrcranen, or o,henvise
soothe —Ia person shall not be a BweFciary unless he or xhe is living or in
ar acts fal. is living or in aistcnce) cb die Disrtibn,ion Ce,mn,cneanent Dote. Any right
Florida MuniupalPrnsivn Trust Fuvd
401la) Defned CovMbution Plan
of a Beneficiary is strictly personal to that Benefiavey and lap upon his or her death.
Any uvdisHb-d Vested Account balance Jiar would have Ixcn distributable to
Beneficiary if he or she had lived is not dlsvibutable I, the Beneficiary s heirs- Upon a
eneficiafya death, any uvdlslributed —,,d Accouvt balance with respect to ibai
Beneficiary becomes diatributnble to the rmn—mg primary Beateficiury(s) if any, or if
o the r—inB contingent eneficiary(s)i, each di-ibmable v case m be iequal
shares to all livlvg Benefciariea of the apDliovbl¢ primary or contngent Beneficiary class.
The Panlcipant must dusigvare each B—fciary by —,,, A Benefciary(s) cannot be
designated by r,IaI,-1tip or by class. attd any such a",,"d beneficimy desienation is
absolutely void
withstanding any Izw to the contrarya chvuge iv Sc (w"", st utory or
on-Imv) or family ldlld, @ut not Ilmi canto) a divorce dismhrtion.
nmme or aecmravon of noo-marriage, seearaoon. aeparece mamtenanpe. a.pcmmn
of a dom is panner mgisnanon. to of any marriage or livive-
toge,har contact. o avy otha'Intetrupdon or tennl Plan., I, lhe v of a spouse or quesipe
relationship. has no efieU in avy way wveeming ho is thwBeneficiary mtder the Pl
If the Panlcip'- designates as Bereficiary more than one pz,—, all pa—,, of the same
Benefipiary Designation ('prim�ry'o ungent'� have equalsMies(pa apita and not
per siryes), unless Ote Patticipunt specifies otherwise.
If a Panlcipaut foils ro designate a Beneficiary. or if fox any reason (including dte absence
ofa surviving designated benefcivry)the Perticipenfs benefeituy designation is invalid
inefiecti ve.dte persons) entitled [oche residuary esate of the Panicipant's estate u'
(ere)lhe ppil fit fit). to the extern A. failure of invalid 11-,Be—fiii.-, a, lhv
xfrh the applicable .shore of the Flan Account divided among [hose Benefciariea in the
e.shvresasthelr sharesor the residuary Mara. Por lheporyoses of dtis Provision,the
Plvv Administrator may rely on an appropriate corm orderor the personal represetetatfy,.g
n the identity (ncludivg It), address and Taxpzya ldenti tying
IJumber)tof andnshaas alloceblerothe persons cn[iticclN sudt rssiduaryestate.
mad beveeciury who feloniously and intentionolly kills the Penicipunt or Beneficiary
a Benefipiary and is not entitled to any_
or any "I",right under the
Plam vvd .y Vested Account balance is payable vs though the killer had ptedepeosed Ili,
Pa -pant or Beneficiary.
Florida Municipal Pension Tnut Fund
4p I(e) Defined (bntr'ibution Plnn
3.11 "Beneficiary Drsigna[lon"
s the valid and effective Benetciary Designetiod made by the Panicipanl,
desi¢nanvS the person,,) (which may be 'l non -detain, perwbo shall be lb,, or
Bzneficiary(,) emitted to mrrive avy undi,nibutzd Vested A—ceounr balanoe.
A[ avy I ne before his or her d—h- the Paa ,,pam has the right to d-gnna e
Benefioiary(,), inclndldg e tingev[ BetnePniary(s)- mbjem to the provisions of i,
play. The Panicipanl shall have the ,ght to change his or her Bedeticiery DesigvePon at
avy time s tbj- d, the provisions of lh, Plan.
A Beneficiary Designation mane in ranting- ov the form(,) prescribed by the plan
Administratoc A Beneficiary Designation (or ehavge) is not eRective rant;[ the Plan
Administrator mreives it. Bash Beneficiary Designation oomplerely --, and cancels
any and every previous beneficiary designation
The P—'tpvnt min designate each Beanefieie , by name. A Beneficiary(,) eanno[be
de,igvaed by relationship or by dell, and airy mch anrJnptul beneficiary desivnaton u
absolutely void.
No nvitltnandm"the Wile that e Panicipanl muss designate each Beneficing by name if
he Plan Administrator. in sole discretion Pads that a Beneficiary Desigvetion
flh td.ly p .-dd es a ,,,,that Benefleiary Desanan'on will be construed as naming,
[he duly appoimed and curteniy noting trance oCthan tnise
Any beneficiary designation [hat, iv whole or in part. dosigd-, the-Idipanfs esra[e as
beneficiary shall be vonatmed as dosignadvg as BetneFeiary(s). to the --tof the share
df Vented Aeoovnt balance specified or othenvisa provided for the estate, the personal
represemative of the Panleipam's eatate-
'Ibis ending avy law m the contrary. a change in m mega (whether eneturory or
on -law) ur firmly status, utcld 'g (but not limited tut o divdcce. dissolmion.
ulment or deelerntion of norrmemage, aepareli— separate m antenancx. msocn[an
of a doma-tic panver regutraion, Icnninalion or revodaiion of any marziage or hr-
together comae of any other intcnuptinn or termination of n spouse or gvasispouse
relationship. has vo effut in any way mviceming avy OenaGelary Designation.
n Beneficiary Designation ref—, to the Beneficiary's relalionship to
,It,participadt nis for e infnnnation only and has no effect in the
wnsrucnov orinte,,dl,,ddd ofthz Beneficiary llesignation
Florida Municipal Pension Tnist Fuvd
01(a) DefI Comribution Plan
Any svaremem in a Beneficiary designation attempting to s,- or creme a conditien or
n npon the Beneficiary s receipt a' enjo ,, of any Vested Accoum balance is
nvelid end [ho Beneficiary is wtfrle4 to Ne Wasted Accoun[ balance iviNout regard to
any mmmptcd wndision oras¢iuion.
NonviNslandino anything to [he wn y y B-od y des mn m the
any wort order)_ any designmion of a Beneficiary cannot be irrevocnble and any such
designation shall be construed es a revocable dasignxfon of Nat Benefuary-
if the Participant designmes as eeneEciarymore tbao one person all p—., of the same
Beneficinry Deslgnarien f peimary" or `—Imgeld ) ha, equal shx (par capim vnd not
per stiryes). unless the Pnaicipant specifies oNenvise.
If a Beneficinry Desiymo[ion divides a Benefit between or
Beneficiaries. Need—, Beneficinry Designation museallocate Ne sham of—h uch
Beneficiary solely by specifying a pervenmye of the Paniclpam's Accoun[ and It,[ingest' Beneficiary Designmim� must allocate the lb— of each such Beneficiary
mlely by specifying a pomentage of the Pnnioipanr's A000tmL Whhom Ilmifug the
omprcltensive effect of the preceding sentence_ any division of my IW - onder a
Beneficiary Designation shall be 11-1hfve to the cxrent that i[ —o ask die Plan
Adminisnatm'to consider any (em other [ban the amount of the Participants Account.
A Beneficiary Designation shall be consu'ued to dispose of all of Ne remaining Plan
Acconnr or Vested Acwuvt balance.
Except provided by the Plan. x Beneficiary Designation that uses u terns of of
pbnse Nat would have significance iv constming or inruprelmg a oPanne or a
disposition a decedents esmte shall. except ea otherwise speoificd by h, the g,,d pant
be wvstrueI or interprued aecordiug m [he lhr—lb, tP.ill 13 a Cade D-91regard to the
Panicipevfs domicile at the lime he of she made the Beneficiary Designadon or the
Paniclpantk domicile et the d e of ply or her death)_ Ilkervis4 i[ a BvnoFciary
lyth,mion rennains ambiguousafter applyingal provisions and wvsruction roles sated
by [his Ptav and cev bo r¢solved by appl}ng [he roles of mns[ructiov and ivterprzm[ion
of the f/11-11 Probate Cade for blyD l�g a beneficiary desigvetian or conveyance.
sucI rules stroll apply to the Beneficiary Designation except as oNenvisa provided by the
Plva Any provision ofthe i, rnr Prnbote Cade canceming the e[(ect of divorce
aration or
mental sepshall not appply.
Attu llh�'s death, no pro's rieht or pow ocAnn
Beneficiary (exrcept m disclnim his or her or m Wesed Accoum balance as pen road by
Clorlda Municipal Pension Tryst fund
"l(a) Defivcd Cont bution Plnn
Provision 18.14, and any such pnryorted provision stared in a Benefciary llesienation or
oth¢rwise is inetfrraiva
3.12 "Benefitt"
infers to ehe right under this plan o[the Parddpant (or Benefioiery or other payee) to
rcemve a Distribution of all or ony ponion of the Participants Vestetl Account.
Any Benefit under the Plan shall not be paid or payable exoepl
Reli--,Distribution
Death Dimibv[ion
Hardship Dismbution
Conective Distribelion
Termination Distribution:
provcording to the provisions of a Qualified Domestic Relations Order [all as defined and
ided below].
All rights and Benefits. including elections, provided by the Plan shall be subject to and
limited by the rights awarded to any Al,-- Peyce pars,-tto e Qualified Domestic
Relaliotvs Orde,.
die mvl wages_saleoos_ fees, and other —",b, paid(—x pt as modified below)dnribg
each Pb Year to the Participant by the %,loyu For personal seavi— actually tam —d
in the course of employment with the Employer excluding compensation payable v
'colt premium" o "shift diReruttial- -dI-ge time -less the Portieipenl i
permanently assigned to the unfavorable shifi or dory, and excluding any comVwtsation
-pained in the form of non -fixable fringe benefits.
Bz 6, Compen nshall include the of die Part cipan selec .salary
redaction nndw - IRC § 132(f) quehfied I—portetion f-ge end- an of
ompmumipn deferred as 'elective deferrals` bvlthln the meaning INKC $ 4p2(g)(3) or
similar pmv,,-) node[any .that deferred rompennauon plan, inoladi ,but not limited
to- plans in accordpncz with or under IRC§§ 125. 401(k). 4U2(a)(eJ_ 403(b). —(k
re arc nt tbet Conuibutions -d or pvm -d ro be made for a Disabled
Penic�pente Benefit Compensation is determined o the basis of the Benefit
Compensation the Participant would have received if he or she were or had been paid at
the a of compensation paid to the Pnt9icipem imntediAtely before the Panielpam
bernme Disabled.
In additiov to other applicable limits stated by the Plpn and notwithstanding any other
provision of the Plon t the e racy. [or any Plan Year beginning At,
Deeembel'31- 1993 (exoept a5 orhenoise provided by 3.13.2). the am t of Benefit
Compensation determined For ibe purposes of the PIaD shell n exceed the limit
prescribed by IRC § 401(a)(I ]) as adjusted each year AccoNing to IRC ➢ 401(a)(1 ])(B).
If the Plan Year or applicable period for d-,tilling Benefil Compensation contains
fewer than 12 cMl',dal'monthq dies this BenefitCoinpauatim lira, t is the amount equal
o Ifie annual IRC § 401(a)(i)) limit for the applicable calendar Year during which the
Benefit Compensation period begins multiplied by the ratio that is obtained by dividing
the number of f. months in the period by 12 If Benefit Compensation for any prim
Yea lekzn n date rang Coniribmt s for the tt Plnn Yea the
Benefit Canpe—b— for the prior Year is -ill, to [lte applicable annual Benefit
Compensation limit in effect for Thal prior Year (and for this puryose the applicable
avtuel Benefit Compensation limit for all Plan Yee¢ beginning before l-n 1, 1994 is
[his definition of 'Benefr Compensation" i tended to cnntmi the definition of
ompensntion for the purposes of applying the [RC § 415(e) annual additions limit or
for any purpose othu then determining the amount of en Employer Conn'ibnli-
3.13.1 P-1994 Plan Years
in additiov to other applicable limbs stated by the PIAn and notwhln'tanding any other
provision o[ the Plen r the c ttrary for any Plan Year beginning alter
December 31. 1- end before lannary l_ 1994ehe amoral of Benefit Compensation
determined for the pnryoses of rile Plan shall n d the limit prescribed by
IRC §4ol(ax 1]). a�'rvred each y witboul rgerd t the arendmenl DP
IRC $ 401(u)(1� made by § 13212(A)(I) of the Omnibus' Budget—bb,liarion - of
1993.
Florida Muvlcipal Pe,uiov Must Rmd
401fa, Denned Conr burin, plan
3.13.2 Go—,i,, nralelan
Consss,ent with § 13212(d)(3)(A) -he Omnibus Badge, Reeoncil'iauon Au of 1993_for
IRC $ 001(a)(I 7) limit stared above shall not apply to the ex,em that the amount of
vmpmsadov that is allowed m betaken in,o avuunt under the plan would be reduced
below the umoum ,hn[ was nllowwl to ba,xken ivm lecoum uvdnr the Plav as in eRu, on
July t_ 1993_ Far the puryose of the preceding seiuence. an eligible p,,,icipen, is
umI person who f-, becomes ,,became a Participant iv the Plav during, elan Year
that b,— oe bees, before the first Plnn Yeer that begins or began ,her 31.
1995. eor a y Plnn Ycur tbnr bagivs -, December 11_ 1995. the
IRC $ 401(a)(1 "!) limit scored above (without regard 10 [he specinl Wile s,-t by chi,
paragraph) shall xpplym evch P.-Ipan, othu then m eligible panicipan,.
any by on which both the New York Sack Exchange [NYSE] is open for regulnr
vadlvg and the person lhat is required or permuted !, act or lhet is endeled ro rerclve
nonce is (or was) open fbr reg,lar business al its principal ofRee_
A Business Day ends vt 4 p.m. New York Ti—, or, if curlier. the time Ora, regular wading
As required or pumihed by applicable Investment Law_e.y A,,l may makereosmable
rules goI—mg Ne time of the day uhu which investment ins¢uetions will be,reu,ed os
ived ov the next Business Day. Without limiting the comprehensive effect of the
preeading sentu,ee. any invorment direction that in [-, an in l-- m buy or sell
be,ren,ed as received on ih next Business Day.
A day that is not x Business Day aids at 4 p.m. New York lime
3.15 "Compensation"
s Al waees, salaries fees_antl other amounts paid m the Employee by the Employer
for personal services n—Ily rendered —he course nfeunplo ,,t wilh ,be Employer.
a1s ^co,an,wron.
ns Contributions uncle We provisions of this Plan [as provided in the Adopn,n
Agreemen,j. including Employer Contnhntions and Rollovu Connibudons.
Florida Municipal Pension— Fwd
601(aJ Defvcd Contribu(on plan
Connibvl— under the Plan -11 not be reduced b-11. or the PatticiDvnl's ellainn:ent
of zny age.
Each R,,i,—g 2mployer shall determine a000rding to the provisoes dr he Plan the
nmounl of Conlribunons to he made for earJt Pa 6panl_
To the ezlenl required for this Plmn to qualify under IRC $ 401(a). the Drovisioiv of this
Plan shv1l by aonstmed. eo Iwith Treasury Reg P 1.401-I (b)f I1(i i), to proviA.' a
definite pro-dere--d fortnula for allocating Contribu[irns. n defnile predetermined
formula for allowtlng invcnment earning, (and lasso) among Accounts, periodic [ol
leant once each year] valmaeion of Plav assess (including Investments) and Master Truss
Is, periodic (al Ieasl once each yeer]veluvlion d Aceounts_and distribution of plan
s after a fixed numbu of years (fhal is no less dtao 2 years) or [he ntlainmenl of a
specified age (that is nor greetu then age 65) or upon Ifie occunence of same even rich
as dsxth or retirement or Sevuavco-fxom-fnploymenl.
3.1] "Corrective Distribution"
e inc
9 Disrib f required or pennilred to remedy a polenlisl
pen 9 violation or correc[ v
violation of ofthis Plan_ A Corrective Distribution ludes (balls not limited lol
a corzecuve disburscmevl under TreasuryRcg § 1.415-6(b)(6) or IRS Rev. Piuc. 9293.
J.Itl "Corrective Frequired.,
nteev e otfeinta required or pea'miued under Pan 9ufthis Plna
3.19 "Cuxfodian"
any Cl -din duly appointed and atrrenlly serving agarding the Hasler Dust
t vll limes, every Custodian shall be a dirttrW wsree and (exocpt es provided by the
nce)sha11 be—pl-lly s.bjecl to the dveofiov of the Plan Adminis:retor_or
the Paninpam of Benefoiary or Al—,IR Payee. The Custodian's only dmryis to enstu'e
thel all Invesunen[s. a s prrpeny. and rights held under the Master T and
ed to d[e Custod nuns care are held for the exclusive benefit of P.1-pn is and
rftuitr Beneficiaries.
a Benefil paid or payable andera Qualifed Dotnes[ic Rvlatiovs ONer
Florida Municipal Pension Tmsl Fund
401(a) Defined Contribution Plan
3.21 "Deemed Diftribufion"
means a Disrcibnnov (ofa Vested Account of not more than S.)that is deemed dist2uted
This defiuil— is limited and is [aided bd include any other Disulbu[ion or
distribution drat is or nay be a deemed disnibnnon within the meanin¢ of IRC § 3405 or
.then - for federal income tax re ,libb puryoses.
3.22 "Di-1 Rollos er"
e peynrevt under the Plav caused by the Master Trustee or 1-- 1. an Eligible
Retirement Plnn sp—bl d by the Dinributee_
3.23 "Disvbility"or "Ulsabled"
with IRC § 22(e)(3) or IRC § 37 or IRC §'12(in)(T) as applicable in the
n Cthe inability of the Participant to any substnnnal enivful activity by
(a�t of any medically de[em—d phys'M or m d'l imPaimtent. is hicI condition
coNivg ro a physician's wrdb,.1 medical opinion acceptable to the Plan Adtninisvruor)
an be cvpacted [o result iv death or Oidt bas lasted or env be expected to laze fora
is period of not less than 12 months. The Permanence end Oegr<e of the
impeimtevt shall be supported by medical evidence acceptable to the Plan Administrator.
The Plnn Administrator has sole dd—lion to date-- whether a Participant is Disabled
or has a Disability,
3.24 "D6tribne11"
by
p-- who ra or but for his or her or to Instntcuou to [he Plan
Adm nismtor is en[itleA to receive a Ds[ributian.
A Disnibutee includes an Alternate Payee to whom the Plan Administrator is directed to
mvkz apapnevt enders Quali[ed Domcstie Relations Order.
Disvibution provided bythe Plan. as follows
Hardship Distribud-
Deelb Dis[fibution
Cvrrecuve Oisnibutton
Teanuauov Distnbunan
Florida Municipal pension Ttvst Fund
101(v) Defined Contribution plan
Any Distribution may be made, in whole nnu any ontraco to pan. in cash, or by delivery of
Investments) (inoluding eily ct rot life insurance coot—)_ Fund Shares,
other secnrides, or other assets or property Df any kind. Any Disrbution of pmpeay
other than cash shall be valued at fair markU value as'oflhe dare oflhe Distribution
Ifa payee does not as a pan of his or her or irs written oleim specify that a Uimibtnion is
ro be made in the Conn ofa speeified pmperry(s)-any Distribution is paynble ns a cash
poyment(s).
Any Distribution may. to the c t That the Distribution is an Eligible Rol1—
Dinribution.bepaid asa Direct ftollovu'.
with respect to a Panlcipatinp Employers participation the date so spew Fed by its
Adoytion Agreotneat. If no date is so speoified, the Effective Date shall be 11e date that
the Adoption Agreemwtt is executed.
3.2, 'Eligible Employee"
n Employee wl n s the age and se reylliremevts provided by the
Adoytion Agrezmenl who is not otherwise excluded (by the Adoption Age -) from
panicip" - in I, Pla,.
Eligible Employee shrill no include an Employe de eli s thwho "'lone} to a elanification of
employees at iexcluded from gibillly to penleipnte. in the Plan by xny finition
term. Dr provision specified by the Adoption Agrsenrcrn_
If the Adoption Agreement states any terms for employment classifications_ these temls
shall have the m ning g n by the Participating Employer for other non pcnsitrn
nploMtenr-related puryosese
If thv Adoption Agreement .cpeci fie thxl "pun time' Employ— xre excluded and does
refer [o a definition of 'part-time". a - ' Employee
I- lb m
'mpwnormxlly works or_ F a schedule eppliespe
fs reptlarly schadalcd to work
less M1an 20 hours per week.
An Employee who is a Lexsed Employee shell not be an Eligible -pi., unlns
nthenvise specified by the Ad.,- Ageranen,
An Employee shell not be eeell d- from Datticipation in the Plan solely bemuse of his or
her of any age, onvithrtanding anylM1ing it the Adoption Ag .-, or
otheew ate toethe <onttnry.
Florida Municipal Pension Tms[ Fund
401(a) Definetl Conrtbmion Plan
3.2% "Eligible Reliren[enf Plan"
has the meaning given by IRC § 402(c)(%J(A)
3.29 "Eligible Rollover Disfribmian"
has the meaning given by IRC § 402(0(2)(A)
s the no e prescribed under Tmasory Reg. § 1,411(a)-I I(c
whe[her IRC § 41 l applies to the pla,
xcep[ as provided below_ a person who performs services ror the Employer on a
regulvr basis as -law employ, and no[ ns "I independen[ comrac[oc or as a
Leased Employee wl[o is deemed an Employee or an Employer according w [he
The [acl Aa[ a namml poison is or is determined to be an emVloyce for the purpose of
ano[her employee benefi[plan (iaeinding ano[ber pension plan or m[iremem plan) or uny
332 "E mV1—, Hasic Cnntributlons"
ns those conlribubons made under a plan ot-than this 1'Inn [his[am required under
[his Plan as eondi[ion for receiving aft o poison of Ibe Employer Mulching
Con[nbmions rhn[ — provided -, lhis Planr uny
This 14-a provisions Coneeming Employee Baste Con[ribmions mvy be specified by [he
Ad.,— Agreement
Employee Besie Comrib,id— can be determined only upon Benefit Compensation peiJ
after the dine ofeligihilityas provided in the Adoption Agreemenl.
s the Participating Employer named in tM1e Adoption Agreemenl, or any Employer
Nm has adop[ed this Plan_
Unless the con[cn of[he plan clearly indicn,a otherwise the tcnn "Employer" �holl be
deemed to refer only to each Paaid,ling Employer as relined m i1, adoption of and
p [icipaiion in [hc i'lan.
Florida Municipal .16bbTmn Fuvd
401(v)Defived Cont bvuon Plan
By adopli^g she Plan. enc1, Panioij,mmg -ploycr sVe F—Ily agrees 2.01
evd all provisions o[ Pub 2 of �h'is plan.
3.34 :mplvyyr Covniburinnr"
s thlose Convibu�ions made by PM1e panicipa�ing Employer and nog under a salary
reduc agree end which the Part v could not have el—d �o acu+e in IM1e
forth ofcnsh or o�he'r ra:cable bGiefl.
Employer Covtribubovs mcludcs Marching Comfibubom and Non�luovc
Cvnoibufovs.
This Plov's provisions concerning Emplvyu Conbibutiovs may be specified by the
s die pay dare of die next available pay period for Employu Conlrlbullons a be
made edu Ibe Eligible Employeeenrollsm IM1e plan(according to Provision 601 belo )
The Plan Adm vy lI the Emry Dales pro icons of
+ s with the Agent.
3.3] ss Elec�le'e Deferrals"
vvs, fo xcecli Taxable year of die Participant. Ihose dl—Ill lle ineludible
the Pa 6pani s gross income under IRC § 402(g) 1. the ex - fha, she P.--pa, s
elective deferrals for the taxably year exeecd IM1e dollar limit under any applieable pen of
IRC § 402(g) or IRC § 453(b)(2)-(3) ar IRC § 451(e).
3.3tl "Fees"
any fees required or pumived to be charged agai�ui the Panicipan�s for
Brneficiarys or Al1em- Payee's) Plan Account a000rding mny aone or more of the
n, following)'. the Plathe Maslor Tn1
isl Agreement. she Participation Ay of
Inv advirory agree any other + ing signed,b. bby Abe
Participam fllba Plrt d—ilpam's dealh. lM-,,efiviary. any wri�ten miice gisrcn by
or beltad of [he Plan Adminisbalor or the Mas�u T�usree chat is ecyepied or deemed
eccep�ed by Abe Participant (or Benefiviarv). or aoy coon order.
Florida Municipal Pennon Trust Fund
40I(a)Defined Coneibmion Plev
3.39 "Fnrfeitnre"
n that portion of the Partioipunt's Recount that is not verted and that i, nddxd to the
Forklture Aavount nm, dn, to Provision 3,40 below.
3.40 "Forfehere --11"
a special Plan aaouut mvinlained by Ib, Plan Adminiattator for the puryases of
holding Forfeieure amounts un[il reelloented as specified in the Adoptive Agreement.
3.41 "F'ued"
means e regirtsed investment enmpnny, n eollectivo investmrnt fund, an tth�vancc
cnlwlated according to the number of slwres or units bzId for the holder's
3.42 "Governing .Authority"
ns the entity authorized bylaw to ncl for the Employer and adopt this Plan through
the Adoption Agreement_
es the Intental Revenue Code of 1966, as amended, and inuludi any Regulations,
and ruhogs(of other guidance o[gevoral epph.bilfy) under the Code
Auy reRrznec n Szation of the Code shell be eonstrued to also rtfer ro any zuccessor
provision. Avy reference to n Seonon oRreesnry Reguletio�ts shell be cottstnted to also
reFu to any successor provision of each Regulations- Any rd—,—too Rzvenuc Ruling
ar Ret,— Procedure or IRS Notice or IRS AnnouncentxnI shall be wnsttued m also
refr b, any guidance of geextal applicability that extends, amplifies. o modifies the
Revenue Ruling or Revenue Procedure or IRS Notice or IRS Anvooncemwi
3.41 "Internal Revenue Service" or "IRS"
ve
end refers to the Ivtemnl Ravevue Serer a division of fl, ryepnnmem of the
Tresury of the Gviled Smta, ued thereby an agency of the government of the United
grates of A and any refaced deparzmentz Aivisiovs. o o1Reu under thz
supervision of the Seeretvry of the Tree,uryo[the llvited States of America
aquirements -RC $ 401(f)_ vny vevuity contract or life inmrnew wneact that may be
Florida Municipal Pension —1 Fund
4011a1 Defined C—Ilbullon Plan
held by the Maser Tmsc. any Fund Shares Ihvl may by held by dIc Master Tnin, vn
under e group mis'r (as described in Rev. bi," SI 100) Ihal may be held by the
MesterlTrust'. or any investment Thal may be held by Ile Manor Tnrs,.
The Maslen Trust shell nos bold vny 1,i I ant lhvi has provisions (whether express or
mcolporaled by r6—, e or al law) Ih i would D—b.de the cortecl apPlicvtiov of the
Each Pluv lirvesunent lhal is nos held Imder the Maslen Truss shall-1 the aquireinenls
of IRC§401(() and shots be for the axclusive benefit of P—ipanls and Their
Benefciaries according to the Plan. for any Investments not held by the Masser Tmsl.
the Plvn Administrator shall hold all Investments in its name az Pivn AOininis[rztor and
subject to the provisions of the Plvn.
The Master Trust or the Plan Adminisrator shell invinlain (or cvuxe Io be maintained) the
ivdieiv o(ownership of each Investment within the USA. except as othuwise penni[ced
by 29§2550A0461(b) applied as if this Plan va em v pinn subect Io
?9 U.S-c-§ II04(b).
All Investments 1. be nsed undevthe plan must be specified by the Maser Tmslee
and —1, Puna's prospectus and the stelemem of vdditionel informv[ion
nos inconsistent with[he Plan incorporated in he Plan by reference.
A. Invesnnevl may also he referred m (in Plan documents. disclosure
forms) by other terms that are not misleading in the context.
The Plnn and the Masw.r Trust adopt the provisions ol'Ihe CiIiSlreet Mntuvl Ind Select
Posfollos GronpTvs Declemtion. as a-- from time [o time_ Io pply m the mist
- s applicable or relevant in the context_ any Pederel or Florida banking la«',
msuence loon. scenrities law ar similvr Ivw.
any IRC§ 406(a) Individual Renremenl Awount or any IRC § 011a(b) Individual
Redremenl Amtnity.
Florida Municipal pension Tms[Fund
90Ilaj Defned Con[ribulion plan
},49 "Irsrlu"
means the person who has ismed oe may issue vn Invm'Imen[ held mgaMing the Plan_
.An Issuer may be a bank. o ompany. or registered imesnren[ company,
or [he issuer of any o[her instmmem or indiciv of owne[sIb, or beneficivl owne�hip [ha[
is held aC
l [n da Plan lnves[men[_ When app[e in [he co [n� [arm Issuer alro
includes defindion o'issner'provided byby 15 lS US 771,(41.L
3,50 "Leased Employ has [he morning given IR nY IRC § 414(n).
s [he [ms[ neared and maintained by dre Mastu 1— Agreement. For purposes o[
the"'is"- Mutual fund Selec[ Portfolios Grono-T." Ueclararion. [he Mattu Trus[ is
3.52 "\lasrer'fras[Agreemenf"
s [he Agreemen[ made as of 16" day of Uecvnber, 1983 as may be amended and
amed. by and benveear all pa,b, [bat ere now or mvy hereatiu become Panicipa[ing
Employers of [he Florida Municipal Pens- Tmsr 1: d end the individuals named as
Master'llwtees prsuan[[o provisions ofrbe Agfecnron[.
353 "blvs[er'1}ostue"
s he individuals e.11- vely who senx us [nu'lees pursu:m[ [o Inc Naslu Tnls[
354 "Tln[ehing Con[ribe[Ions"
any Employer Contrbutions [he[ are made [o a Pnnicipant i Aaoun[ on acwun[
of die ParticipenEs Employee Basic Conrzibu[ions.
3.55 - ve Comrinmlous"
means Employer Contriburions otber [hen Me[ening Con[ribu[iorts-
3.5 nl Offiecr"
oral peson who is anlnorizod [o take oa[hs [Inder [he lary of [he furlsdluion in
.vhieh lncarclevan[docr�men[is signed.
x [he naulral person for whom Canrribu[ions under [he Plan h— been made or
acc[ved and whoa W-d A—,.0 Il - oo[ neen fidly dl s 1,o[ed --he plan_
Florida Municipal Pension Trust Plod
401fa) Defined Cnn«ibutian Plan
3.58 "Participattug Employer"
Ploean Gmploycr [hat hvs passed the Trusi Joinder Admemen[ a became a party to Iho
ida Municipal Pension Trust Fund end has passed au Adop:iou Agreemem to
participate mn his Plan.
3." icipatenv Agre
fines t;" ,grccmt (in thcnfomt prescribed by the Plnn Adminis[mtorF as amended
lured in o by and bet. n the Pvnicipanl and the Pnnicipating
Gmploycr ender which the Employee elec 1. licip-nthe Platt
The Patticipadon Ageeemem shall m l—the luves�mou[(s) elected by the Panlclpant.
may desipnate Ilse ParticipanFs 6enetieiary[s)- vnd shall iucorypmte by t—,— the
provisions of [he Plan
-
that ere xvalleble under lho npplicable Plnn htvcsmtmd(s) or [hvl am otherwise provided
by the Plan Adminisr—,
The Plan Administrator shall not permit the use of any payout option that is based on
gender -distinct ne[uarial tables or that othenvisn unlnwfnily discriminates agains any
per on.
The Plun Adntin1,11-1 shall not permit tltn Panici pan[ for �eltehoiaryt m elect any
Payoat Option thus dmt satisfy ell applicable provisions of the Plan. including fbul
no[ limited to) Provoesision 15.3 or Provision 16.3_
3.61 "Plmt"
s the P4 specified by th. Pd , IhI eI together with the Panily ."I,
Employer's Adoption Agreemau and. m the e amply with
0iC $ 401(n).N tee Trust Agreement. mtd mty vxecutz4 emcndmmtu iheaof. which
together wnslmte the Plan of the Panlclpating Fanployu speciCiatl by the Adoption
3.62 "Plan Administrator" or "Administrator"
means the Florida League of Goes luc or auy successor of i[.
Florida Municipal Pension Tmal Fund
401(a) De5aed Contrlbullan Plan
3.63 "Plan Spntrsor"
tneana me noean h.aagm ¢reran, me er am re,eeeonr m it
3.64 "Qualified Domestic Rdalioas Order"
e dam relali order lawfully drected to this Plan diet ercaies or—gnixes
theaeristenca oof the right of nn Alternate Payee io receive all or a portion of a, Benefit
payable to rticipanl under the Pivi and drat is defined as s all the
requiremcuts fora "yuelifiul domrnvic relations ordet'as sia1W by lRC §1414(p).
An order does not Ul w be a Qualified Domesre Relations Older solely becainc the
oNer directs a dialributton or payment to be paid or payable to the Al—,- Poyce(s) ate
An oNershall nor be a Qualified Domestic Relations ONer unless the elan Admiuisaatar
b—F, or any option not otherwise provided under this Plan: the order does not require
this Plvn io provide Increased Benefit_ and the order does not ,—, the payment of
Beaefis to an Ahemate Payee ll,m arc required to be paid to another Ailernala Payee
under another order that was previ lady determined io be a Qualified Domestic Relauons
An oNer shall not be a Quvlired Domestic Relations Order unless the Plzn Adminiarmmr
determines that the order clovrly specifies: the name and the Iasi k .", mailing a—,
(if any) of the Participant, and the name and the mailing vddress oC coati Ali —ale Payee'.
the amount or pence—ip or the moaner in which die amount or 1)mb m gel iu be
deY, lhd. oC the Participnni's Vested Aocvnntlo be paid (or payable1. eve], Ahemate
Payee. the form of pvyiwill and the number of payments or p,,y-to which the order
applies. Ilia Pivn Adnrinistrdior may amone thvt the Altematc Pnyce named by the coon
oNer is a Droper Vayee and need not inquire into whether the person named is a spouse or
former apmuse mane Pameipam.
].6. -'Registeretl Investment adviser"
an Investment Adviser thvi is regblu'ed with the 203(c) o[ the
federal Investment Advirers Act of 19V0_ es amended.
An agreement to provide 111--meal odvice (or the giving or invesenem advice) io e
nlcipani or Beveticiary or Al—,- Payee does not constitute a Registered l¢vestment
Adviser as an Investment Manager as to the Plnn or the-1-hall.
has the meaning Given by IRC $
Florida Municipal Pension l'ms, Fund
401(a)Delined Con,nbu,ion Plan
tt�� "Rasm ,r Dar
means the dete,so speciflcd by the Adoption Agrecmenl
If no dalz is so meet tied, ,M1e Restatement De,e shall
l.ex eeara,,,em D6tro„
tM1anevY Dis¢ibarm or- er ffithan a Hardship Dis¢ibovon mac necuve Dis¢inuuov
begins before,he death oCthe Panieipant.
J.69 "Nolla.er Contribution'
means ev amount or proDe+i'rceeived inlo,his Plan aaoNing to pan 11_
any Eligible Nollover Dismibution (-1- the meaning or IRE n-(,1)(1))Ihat is
o be paid, ducally or indirectly, into another plan or n,I—,y ca,uac, as a milover undn
IRc § 4nz(az
mean and ,, v, the Seeunves ova Exelmnge Commismon. an agency of ,hz
of the united States of Amanca, eamblished by 4 4(a) of the federal
Secoreles Exeban Act of1934,
ns the II, of,ne last day ,hot,he Panieipant performed service fr or has scheduled
oe perform se e for the Employer (including any su mployec) ,vi,h n
obligation (or m'd no particular expectation of faturc scrarcess,o be performed by the
Panieipant.
the Plon AAnini.nralor is entitled m rely upon the dare of SevernncrrFrom-emplopnenl
terrified by tfieF nploycc
-service _lg -1 nr"
vs the ag —., be,u— the Plan Admini -,or or any Participating Employer and
,be Agev, ore Service Provide Co, services rqg ,dmg,he Plan.
Florida Mttnieipal Pension n-1 Fund
401(a) Defined Contribution Plnn
3.'15 "Se Ag Provider"
each Agent eaoh Issuerany ac wary or Imryer who performs
regefding the Plan in his or her progessaonal capaury. sad each otna person �M1al
the Plev Admhiistralor or any P:mieipariag Employer Hires or retains or appoints or
einhorizes or pemriis to perfomtscrviccs regardin6lM1e Plen.
Every Scrvim Provider uLa fiduciary.
— "Beare."
mevns shares or similar uoies of interest in v Fund.
3.]) "Signature Gn,rrvn[ee"
en gueranlee of the sigaama of the person utd Wdi a �ieilivg is made
by nawrpomrion �ha� is en gible guarnnwrlRclimllOn (including bm — Iimi�ed a a
17Abli(aJ(2) avder 1M1e federal Securities F change % of 19 tended [the
'Rule'] chat is g-IMLse excluded under the Rule and that v e member o[ the
Securities Transfer Agent Medallion Program [`STAMP'].
3.1S "Spouse" or IsurvivingSpouse"
f the f um d'slr bufon
a Benefnary who is the rvrviving spouse of the Parziclpam within the meuvine o[
IRC 401(a)197(01(iv);
[or anv other
the individual dint ix lne Participvnl's spoore under vPpli-ble law_
The Plan A-11islmtor may rely conceming rho existence or
e of a Spouse, ualexs it has ac4ial knowledge m the conttery. avd if i� in good
fwheretlies shall be direharsed from liability coneeming nvy Distribwion nr Ueaeh�_
mwns lM1e Slafe of Florida and iveludes the meaning given by IRC $ 7701(vb l o)
3.80 meuuin^Teg—gildearifying Number"
hoc the gven by—
b 6109.
Flood, Municipal Pension Tb.l Pund
4-0I(a) Defined Cont button Phn
10 the extent that any provision of[he V.. is intended to smte a provision tFat meets a
rcquireinent of or by reference to IRC § 4o I(a) or IRC §Sol (M. USA shall be cons[niad
.ordin6 to IRC § >'lol(.1'g, cneepl es orltenvise required or pu'bb,,,d by the ln�emal
Revenue code for lbe applicable re<luieement_
3.82 aluation Dale"
fora nellucatcd- Inv
eae1, b etion dale or rte lAs day of each valuation period previded by the lnv.slmevt.
or as Drovided by [he PIN, Admini niawr's agreemcm Hhirt the Agent.
Itd�llRIfR�M1S[�fi4
for anv l'ru
each valuation dote or the last day of enelt wluntion puioU as Drovided By IFe Platt
Administrator's vgreunent ,vithtbe Service provider.
Each Investmentor Master Trust account1" Di—, that the Alloce[ion —(ocif for
any Year the Allocation Date is 6., regular Business Day.the reyuler Business Day that
tminediately precedes the Allocation Date) is a Valmtion Date,
A Valuation Dvtc thnt is a Business Day ends al the snore time Ihal the 13u--, Day
ends A Vv,,bb l Dnte drat is tiar a Business Day ends at 6 p. l Nero Votk "1'ime
means the time afro,. god of a v Ibu ,ion Date to the end of the next valwadon Dare.
},R4 "Vested"
lhf11 to the portion of the Panicipnufs A--thn[ is currently noo-Por[eitvble undar
the Plan.
3.85 "Vested Aeeaont"
ss the ponion of the PenicipanrI Account Thal u umcndy nun -forfeitable or Vested
under the Plaa
Plofida Municipal Pension Trust Fund
].R6 ling break in -Service"
e 11-month Vesting Compumtion Pariod daring h,h tvthe 1'anicipani fails to
b—Pl�te a Year of Vesing Service under the elapsed time method of cseditiag service.
111
`
means the Employer"s Plan Year_ as sp—fi,d by the Adoption Agreemem_
The limitation year is the wlendor Yenr.
The Plan Admi.—I., .vhall be entitled ro rely on the asrvmption that a Panioipant3
taxable yu is the calendar Year. unless the Pxnicipan[gives tr niten noh puttying his
A. SER\'ICECREUIIIYG
J.i Service cruditiug pro
A wz r of vesting service shall be meast[ed from he Panicipanls date of hire. T
ompletipn of twelve calendar months from the date of hire shall co r of
ting b, Any yea of sett ice —Iited from prio y s sitvll rGne�n ci edited.
mgardless ofrevised provisions.
4.1 USERRA service credilhig
To the extmtt required by Pen II, the Plan Adminislratur shall count service eonsi3lcnl
with Pan II.
5. ELIG161 L1"1'Y
Eligibilih-retlui
Ezuept os otbenvise provided bythn Plen. any PA if-playee is eligC-Ib receive an
allocation of any 6mploycr Metohi y Coniribations (if Employee Easie Coniribnioiu are
made) or n:ceivc en vlloradon p[any Employer Non "elective Conv bu[iovs (or Mth).
5. Int aa eiigihlliry for inR Entpinyu
If the Adopti nAegeeanent epuiEes that this Plan is nn nb,.&d and restated Plan. vny
Employee who s
s Icipan n the day before nt D.,,e shell be v
Eligible Gnployee,notwithstavdit6 any age and service reyuiremenis or other eligibility
Fl Ida mvafai,l Pension Trust Fund
aol(n) Defined ContrTution Plnn
cunailions Ihal are specified by 11,e Adoption Agp-fi,d by
5.3 D11h on as la eligibly
The Plan Administmmr shell decide all questions or eligibility for panicipnlion in the
Plan.
5.! Changes in eligibility
If a P—,pant shall go from v clnssifcation of an Eligible Employee m a nomeligible
classificv[ion. Ile Pvn iapanl shall rumivne to have Iris or her inmresl in the Plan. but no
Employer Conributions or Employee Oasie Cuntributions shall be made for the
Employee durlvg the lime that he or she is employed in Boon -eligible clvssihcetion If
Ile Penicipavt is then later employed in vn eligible -b,bi oatiov. Conhi lha shall
mediutcly Por evy Employer Noo-ellb l El Contributions. or upon ale e(Iective
to (including any re evI) of the Eligible Employees salary reduction
agmemovt m make Lnpioyece Rasic Covtribulions if the Fanployer Convibuhom are
Eligible Fmployce shell be eligible for the aDpl-ble Vanicipnlion in the Plan (as sorted
by Provision 5.01)immedivte1y upon bewmbrg an Eligible Employee
6. P\RTICIPAI'IONINTHEP-N
l,10o 1-0
An Eligible Employee or Employee shell ennoll in the Plan by completing and vxecndng
and del ring all instruments or fomu required by the Plan Admmnlrator.
6.2 EnrployH.plonsiblem enroll
IC the EligbEmpl.
le oyee or Employee 11 Gils m complete and e and deliver any
nrollmevt forms required according m Provision 6.01. Fe or she - shall Dot be enliaed to
recr�ve an ollncation of any Comributions under Ile Plan.
TFe Employer or the Plan Adminislramr shall nor be responsible to notify or -- any
Eligible Employee or Employee lhnt Fe or she hus become eligille m participate 'in Ifie
Plan. The Iliglble Employee or Employee stall be responsible w know when hz or she
becomes zligible to participate in the Phn, and shall be responsible w lake any action
scary Io moll in the Plan. The Employer shall mI be liable for ony messed
Connibuliovs.
Florida Municipal Pension llvst Fund
_ 401(a)Deflvxd Comnbui on Plen
fi3 nrollmu�t dote
An fligtble Employee who has became eligible m Panicipme is this Plan shall be clieible
moll es a Participant (or to receive Employer Comrlbutloas) as of the dale on which
,heaaigible Employee satisfies this Plan's eligibility requiremcma: provided the Fligible
Paployee fs s,lh employed es oClhas dale or. iC not employed Dn that de,e, as of ale dale
of rehire 6r be or sae then sefisves tbis Plav's el,bil ity requirements).
7.1 Partielpunt's duty of invesM1nent direction
Each Penicipant(vnd when applicable each Benwficiary or Mill,, to Payee) sho,[ s.bjec,
to the requlremems ,fay eppfeable Inves,ment Idfw end of any procedures enoblished by
the Plan Adminittmtor and the Agentdifec, the invesmen, of his or her or ill A—iilbs).
"fhe Padicipant, Beneficiary_ or Almmate Payee muse give his or ber or its investment
direc,ion according to the provisions of this Pla,,. including avy procedure or f—required
by the Plon Adminis...... or the Agen, or the Issuer.
].) liensovnhle freq--
The Plav Administmmr avd each nly Investment may but oon a uniform avd consv'tave
basix, impose re ovable re v ,he frequency wi,h which all Pan do ,.
nehcia Altemu m Payee nay give nt dire Iv addti .(vnd nor by
limita,ion aeon) suchmstrictions the P—ipanmeBGlcliciery� or Altcmete Payee wrmo,
ee than one invcs,men, dreclion iv any Valuvtiou Period avd she latuti —i—i
6rer1 in v 11-1- Period 1—dl all earlier inwnsistent investmem directions in ,ha,
Valvadon Period.
].J Who dirt
Daring the Panicipavfs Jibe I,, Panidpavl nhall direct the in t of his or her
t. Danvg Ill, Participant's di.vabiliry or incompeaence, the person I'll who brit authoisvarity
colafor'the Participant under a powero4anomey accepred bythe an Admintor or
the Agtmt according m Pi.—..M0 16 ['Powero(enoma}' ] or. if there is nu such agem,
lk person ,ha, Is the duly app—ild end ourzemly serving conservator or guardian Df dte
e of v,e Participan, shall dime,,he iv--,l of Me Padicipenis Account_ Aver the
Participant's death the Beveflciary shall direct the inve —1 of his or her or ill A --or
each Beneficiary sball dire-, the invcstmem of his or her or its segwgered Accoant A
Florida Municipal Pension Tmst 1,—
401(a) fief—dl C.-iWliov Plan
Panicipnnt. Banc".. or Ahen,vte Payee may au,horiu en vgea,s or n,mn,cyiiFfv, m
direcli esmen ,t for Account all of his or her or its to by giving wfipen nonce b—psable,v
the Pl.. v Administrator and fumishh,g a posverd nomey tha, is accepted by the Plan
Adminis,m[or av<ording to Provision 20A6- A Panicipant. Beneficiary. or Alternate Payee
cannot delegate invesm,ent responsidIb,y for pan of his or her or its A«ount
7.5 Investmm,t direcli st hem smiting
Each investment direction shall be in writing and 'hbll rat be proper unless the xntivs is
.signed by d,e Panicipan,, Benafeiery. or Ahemme Payee E-dp, us otherwise specified by
the Agents inv<s,mcnt di —lion prorsdare, "—ing" and "sig.-I shall he constnscd
cording 1.PmvN— 2022, subject to v,y—,viry procedums required by tk Agent or
,he I—" W,bom limiting the eosnprehensive effect of the above n signed w'ritinv
ivcly- ,o the exm I permihcd by the eppl-ldl Invesvmen,(sJ. a proper telephone
communicatson stud, in the manner prescribed by the Agem and the Issuer.
The Participant. Benepeiary, or Ahemate Payee shell give his or M1e or iss investmmt
direction only to the Plan Adminissrasor. —pi as o,M1envise permisted by a uvifoan wrinen
rocedure adopted by the Plav Adibmis,n,o,. N—ahstanding,ha, this Plan's procedure
may perm, the Agen, ,o receive investment in any investment Direction is
efleetive unless Intl unn'I actually delivered inmgood form , ;Ind accepted by the Plan
direc,lon is effective only when and as 1. rocolvad. Noshing in Ihis Plan or otherwise
mall be constmed to enlarge or augment any legal ahligetion of,he Agu,,
1.7 Plan Administrator not responsible
Except as provided by Provision? 8_ the Plan Addimi—id, n„cs, accept every prop,
nt dill,ion and the plan Add -,—lb, , obligated to comply —1, such proper
nt Inalrec,ion. Without limiting the compmA,eiuive i,-i or the above, IM1< Plen
A—mmi111
stmmr is not under any duty to question vny inves[men, direction ofa Panicipnns,
B<nefcivry_ or Altemase Peyec (or F or Fer or its agent). or to make any im'esunent
mendatim,s. o o provide so 'any person any irrvestmcn, advice or im estmm,
cAucatiore or,o provide arty investment infom,ativn.
If the Employe or the Plan Admib,,bb[or or the Master Tnu, provides any investment
education or investment information or imes[men, advice or any kind the Employe, and
the Plan Administrator and the Master Tmst mall not be liable to ny lass or liability
art e toran<n inves,nentem<a„nn nr �n.<umem infom,auon or m�esm,em aav�<�_
7.8 1 di.-b- refused
The Plan Adminis�n�or or ..y p—.. may Aeevne to -pl-- any invesmsi d,.Ii.
if
• the person receiving I invesdnenl direclion knows lore coon ., d, IS,
B—U or Ahemale Payee is legally inwmpelun
uniformly
applied to all Participant. 6u�efirivry. or Allemaie A_') 'I., the in
dreation could result iv n loss in excu's of the applicable Recount for sob -Rao ua)
balance
would b, cnntmryto this plan
notez","t., QueIiftd D—,,,c Reb,i.,,, O,d,,
dh—,A, —W the 1".. ,
q.l,f,,d —,
• h, inveslinem d,—I.- would g—l- inoome that would be taxable to dlc M1,11,
Tnist
• the the m—, of
1RC
di —ion would cause the Master T-1 or vny person to .— —the
d,da of oumership -,n I .... 1-1 or any vssets of the Plan oulside the
.f the di,-, coons of the USA ar —side the p-d,lj- &W by the Nla,,e,
—, Agree—"
7.9 -b"
lf.t -Y tuna n la—pentlanieapent Benefnc ary or Ahemale bfails m cxerciu Nis or her or iu
du,y o[ivveshnem di—d., for an invenmenc d-pion ,refused). the PlAdminisretar
-
shall, to Ne ¢stem of Ne failure of proper
applicableA.b
-,dbylhlAdA—,e —,,d .dc,
procedure ee Pan —.,—,
Florida Municipal Pension Tnlst Fvvd
4o I(a) --d Comrib,.i-,Plan
].lo perso
bt diro b-111t Pinan g don[ratic reln[inrts or bk!',p[ey
onrnrter
wirhslanding nny notice to the Plan Admivisvmor(or m any olM1er n dealins wish
eperfonnivg services regarding the Plan) that a d--lic relmions order or bbbR-p,y
demand or coon order or similar court order reWmg to the Plan n or may be pmsented nc�
Panicipanl shall con[inuc to exercise his or her duty of inn 1-1 direelion as required by
the Plan unless' a final cmin ordu expressly provides otherwise and the plan Atlmininator
does nor cballuge. wnlesv. or appal lb, wan order.
I[ such a co ocdec provides !or av .11lemale Payce (or any person oNer d[an the
Peniailwnr)1. have a cighr of invesbnent direelion under the Plan_Ihe Plav Adminiacatnr
shall give Gli;ct to Aral court ordu to the exrem pennived by site Plnn, and the Plun
Adminisrmtor may give eRe<t to that evert order evon covvary m the plan if the Plan
Aamminmror aoea norehmlm+se e,men. or apnea) the coon ome.
].11 Expemas aClnvcwmeN di -i-
The Plan Admini-- may dtnrge the Panicipanl-.v or Be 5fi I A. —I for the
expenses of --mg his or her or its invesrmcm direction. If —1 expenses are so
charged.[he Plan
lan Admivlstrnror shell maintain reasonable procedures [o inform Panic 1,
Beneficiary or Alremvte Payees that such charges are mode anA to infomt each Panicipanl.
Beneficiary, or Ahemete Payee ns to the actual expenses ehaegod ro the Participant :s or
BeneficiaryY individual Acco',nv
if the exemion of an inveabnent di,-- would moor an unusual charge or any lax undo
the Inveument or o[h—ilb undo! applicable law, nny person rec wing the in
direelion may(btu is not required lo) require the Participanc Benefideary or Al—lm Payce
acknowledge in ru'riri',g that he or she or it understanAs each charge or lax and how the
charge or ux'u'ralwlated or dalermined
].12 Employer relieved from ffilbdary rtsponsibiliry'
To [he extent of the Perticipnnt s or Benefidary s invcclmem dlrecriov, the Employer anJ
the Plan Admlbistrn[or and the Maser Tmrt and the Agent and each Ill— and each p—t
performing servicez regarding the Plab is relieved of any fiduciary responsibd'i y d every
kind of liAdily and is not responsible for or liable for nny damage or loss or expense or
othu rJaim which may aline )ram that Panicipam's or Beneficiary's invu'tmenr direotion or
e o[oonlrol (or fiom that Pnrticipevr's or eenefioiarys failure m rxereise his or her
or ¢�duryofinvusrment Ai[ceaion and control).
Excep[ as orhervlse required by the Enabling Stabne, each Employe and the Plar
Admlbis of hav any respotrslbillry end y sl or hav - relati Ilabli[y
the select on o[Plan Investments. Without limiting lM1gcomprehens ve clYccl oftlie above
Floeide Municipal Pension Trus Fund
401[a) Defined Contribution Plan
the Employer is nol liable W lodes or damages arising om of: uny achon in approving
or pumhesiug uny Plxn Inve —I(s). any bankruplcy or insolvency or impaimiem or
liquidariou or rehxbililxhon or supervision of Mny Lcsuer(s). any other impainnem of any
Issxcr's ability m mem ils obligations or the perfoemanee of any Plan Inveslmenls.
g. 11LOCA'f1ONMG1HODS
8.1 Employer Conreibutiovsa,edisereril be
Employer Coniribmions under Shia Mhall an sbe allocated es dctlned in she Ad,,—
E. b Nlibipeting Employer shall nlloc e Employer Non blec o C.—.Wu
Pxnicipxnts who had Benefir Compeosahon during the Yeac unlr.xs o[her - specified
bylhe Adoption Agreemrnt.
8.3 \torching Contributions
Eoch Panieipeting Employer shrill Mllocare Employer Marching Conlributlons am
Penicipants who made Employee Basic Comributions during the W. end bad Benefit
Compensation durinS the Ye ar. Itnless othenwise specified by thn Adoption Agmemeni_
8.i Contribur ing Di.nlbilies
Unless otherwise ls,—fr d by the Adoption Agreement each Panicipating Employer
shall contimte to 1 x- Employee Contributions for a Disabled Pb,,,,,, on the bxsi> of
the Benefit Compensaion the Nbicipanl would hxve recei- 'if he or she were or had
berm paid xt the rare of—pxnsotion paid to the Panicipam immedimely before the
Matbhing Contributions only to Inc enteat that the Disabled P.bkipant actually makes
Employee Basi< Conteibmions. Any Employer Comeibutions made under this paragraph
ace nor.mrreitame.when maa�
9. CONTRIBUTION LINIIT
9.1 Plmt to s'atisey annual additions limit
Notwlthstxllding any other provision of this Plan. if IRCy415[eJ(I) xpplizs ro
Convibutionz under this Plan, Mnd solely to the extent chat IRC C 101(a)(16) applies co
this Plnn, the C ntribntions credited to a pvnicip,- I Account for any limitation year
Elpdan mnmieipal pc>,niom TaISI Emna
shall mot exceed the llnlir prunibcrl by IRC§415(0). the pmvis-of IRC§415 are
Inoorporemd by rc[erencz and made n pen of the plan.
III. VESTING
10.1 iiag in Emplarerpl., C-lfis
The 1'vf cipanfs Vested Ebploycr Conlrib, Ih, Account shall bed 1, If ned on Ne
basis of the vexing provisions specified by the Adoption Agreemem. I( no veuing
pmrision is so spwifcd Provision 10,2 apDlies.
If the _Ad ,,— Age-- sp-lfea (or is deemed to specify) i111—diala vv , a
Panieipvnld interest is his or hEm er ployer Contnbulions Account sM1all immediately
became and shall nI all limes remain fully vessel and nomforfcitnblc.
i d.3 ling rules
Except assotherwise specified. the Plan shell be carrsirued to scam provisions consistent
evith IRC § 401(e)('n as in effect on September I. 19]6_
I I. REEMPLOYMENT AFTER UNIPORAIED SERVICE
I I.i Reempin}'menta— Uniformed S—ice
e re To the quired by 38 U.S.C. § 4318, a pert who .mbar of, applies o be e
ember ofnhas performed applies to pef(osn, or hvs an oblige on m perform 111, 1s in a
Uniformed Service shall -, be deniM any Deneft or righl under this Platt on the basis of
such ntombership. pwfom+ance of mrviee_rpplleulion for service. or obligation_
Con vith all pro of USER— any pro of this and any other eight
underslhe Plam arising out of or related m r—ploymoml aher Sery ee m the Uniformed
Seeviwa does mt vpply unless enA until'. fhe person is eligible Idr reemployment uvdcr
38 USC§4- [honorable dischnrgeJ. the person applied for rempl—l- i
mpliaeme -11, 38 U.S C. § 4312, and the Panicipam or Employee furnishes to the Plan
Administmmr satiSGctory db-111rinu ll concerning the Service in the Uniformed Serviws
consislvm wiN 38 U.5_C § 43121e)(3)(R).
The provisions of IRC § 414
Florida Muvieipal Pension Tpist Fund
4h1(a)-- cop tipao1 11-
❑.EI Effedw—tes
Consistent with USERRA § 8, the provisions of United States Code title 38 chapter43-es
n 'Fleet on the day before the dale of 'moment of USERRA. apply to ,'employments
before U—h,"r l2 1994. Cot It-11 with USERRA S. B. the provisions.tatul in this Pon
apply m reemploym"" on or after December lS. 199h '.'cent [hat any obli3,niou under
this Pen shall mt commence until October 13. 199G
ILI Definitions
Solety for the purposes of this pars (including any Provision or Ucfnhm IN, I—, to Ihis
Pan) -each of the folI-mg terms has the manning st-d bolow.
Ild.l ^Qaallfied ➢library Servfee"
wIII IRC § 414(11)(5). mty Service in the Uni Conned I-- Ins defined
below) if the individual is entitled w raempiopnenr rights ovder USER RA with respul to
such s,,-
11 2.2 "Service in the Unlfornted Sers'iees"
m
with 38 U.S.C. § 4303(p} thu perfonnanoe of Bury on a voluntary or voluntery basis in I
Uniformed Service under Competent authon'ty and includes active
duty, eaive dory for[mini,initial.-duty for 111 19.in ve dory lraiaing, full-time
Nahonal olW duty. and a period for which a parson is at from a Ixuitiop o
empl_h, Cor the pury0se of an Cxaminntion b delatmim the fitness of the P—..' to
per — any sucM1 dory
11.2,3 "Uniformed Serviee"
ewith 38 U.SC,§ 4303(16) vhy oue or more of tha Armed IF—, the
Army NaI-SlUrard or the Air Nnti... I Uuwd when engaged in no,ive duty Q, tmining or
ve duty [raining or full-1-1 National Uutvd dutythe wmmissloned eoeps of the
Public Health Service. or any other category of persons desig,etcd by the Presitlent of the
USA in time of war pr emergency.
11 :A "lSER—
ns d,e U,ijonrvd Smvlcex D,kytnw,r and—,,layi,terh R,S, Act q(199<[Public
Law Na 103-353) [October 13-1994) codlfled at 38 U.S.C. § 4301 et seq..
11.3 Service crediting
Consisam with 38 U.S.C. § 4318(a)(2H-A) and IRC § 41,4#8)(A)- a person reemployed
under 38 S,C. § 4301 et seq. stall be trcatetl as not having incurted abreak-in-service by
rearon ofsudt pason a period(.),I Qualified Military Service.
Florida Municipal Pension Trost Fund
401(a) Defined Com,ibulion Flan
Coi,w- wish 38 U,S.0 § 4318(e)(2)(8) and IRC§ 414(u)(8)(B). upon
—ploy-38 US § 43DI U seq.. each period of Qualified Milimry Service shall eonninile
under tltis Plav for the poryo,e of ud,,ll,e , ivg the nonforrcitabil ity of tic
Participaml accrued benefus nder rid for mdis Plen atipuryvxe ofdetennining Nc vccrtml
of benefts under this Plan.
IIA Compevse[iatt
Concicrenr wish 38 U.S.C.§4318(b)(3) and IRC § 414(u)(7) end IRC§ 457(e)(5), for the
purposes of wmpoliug any Contribmions req,,-d or pmmihed under this P die
employed Ponidpnl's Compensation durng the period oC Qualified Military Service
.shall be either the Comp -id —the Panicipanl would hove received during such Donod if
the Ponioipam were not m Q Tided Military Service determined based on the trite ,f pay
the Panicipnm would have received I'mm the Employer but for absence during the period of
Qualified Military Service. or, if the Comp—,11- the Paniclpanr would have reached
doting the period of absence [or Qualified Military Service was not reasonably cenain, the
Panieipant's everago Compensation from the-pioyer dutwg the 12-mon1h pea'ddit, iC
,honer, the entire period of etnpioyment) Immedately Dre<eding the Qualified Military
ILS rvelectb'e En,nloyer Cony@utians
Cori— with 38 U S.C§ 43 1 8(b)(1) - IRC § 414(v), i[a person is aemployed anger
38 U SC. § 4301 et re --11, respect m the period(,) of Sevice in the Unifmmal Snviws,
Ae Employer span p.Y (if it haz not already done so) nag the Plan Admininromr shun
allocate m the reemployed Participant's Account any lmployer Non-Geuivv Cantdbutiti,ly Car the Per ieipen nthev ar(withov minds of anykin.,
ou1d have been allocated ro the Participant's Ace uvt iCih< Panieipent had been acti ,rdy
at work for the Gnployer.
11.6 Matching EmPlnyCr Cuatribvrions
Consisrenr with 38 U.S.C. § 4318(b)(2)- if. peaon is reemployed under 38 U.S.0 § 4301
uq. and makes Enployee Conrcibutions ns D`,timd by Provision 11.7.and4pean1-
under the Plaa with respect to tic DeH.(l) of Service iv the Uniformed Serciees, the
Employer shall pay (if it has not already done so) and the Plan Adninisinmr shad allucatc
o iM1e reemployed 1'anicipa— Aecoom any NnployctMatchinv_ Contribution 1'or the
Panicipnm in the amount (without investment income or earnings of any kind)that x.Id
have been allocated to the Panieipam's Account iC rhv Canicipanr nvd been actively at »ark
far the Employer to the extent that the reanplvyad Nd-pam mokrvs payment to the Plan
for Employee Contribudons- Covsisteat lid, IRC § 414(u)(2MA)(ii). de Employer has no
obl't6 fl. m pay the Matching Conuibution until and its obligation 'is only to the extentdnt
the reemployed Participant pays his or her-ploree Camrlbudon. if peanihed under the
M.
Florid( Municipal PensionTrost Fuvd
401(e) Uetived Cant bution plan
Employee ContrlLutions
Consistent with 38 U.S C § 4318(b)(2) anA IRE§414(u)(2)_ if n peron is reemployed
order 38 U.S_G ¢ 4J01 et seq.. with respect to the prsiod(s) o[ Service in Ne Unikrrzned
Sera -ice%. the panici"' mny pay, if pennived uvder R,, Plan. (if Le or she has nog alrmdy
dove so) and the plan Administrator then shall allocate m the reemployed Participant's
Aeemmt arty Employee Con butiovs in the amount required or avy amount penniued that
voald have bcen required or Penrrived to be made and [hen adocoted to the Pnnicipam'.
At,—, if the Participant had been auivcly at srmrk for the Employee Ni, such paymunt
shall exceed the amount the reemployed person would have been petmiued to -,bore
had the person remained continuously employed by [he Employer throughout his or her
Service to the Uniformed Services. Consistent with IRC§414(u)(2)(A)H) an With
payment «t the Plan Wray be made during the period beeinnino with the date of
employment avd whose duration is the lesser of flue years or three roves the period ofthe
reemployed persov's Service in the Unifamted Services.
12. 1 ALI 171 ED DO.AI ESTIC RELATIONS ORDER
12.1 QDRO procedures
The Plan Adminis[rotor nay stablish procedures Icovsistent vith
lRC $ 414(p)(6)). which may be the procedures s[eteU by P-vision 11 7 for detetmininv
whedwran order dlrotted [o dw Plnn is a Qualified Domrstie Relations Orde,
The Plvn Adm,mi-- Wray make a detenninatiov on whether a court order directe4 to
the Plan is a Qualified Domestic Relations Order.
The Plan Administrator may delay its conside-tion of any order until 30 days after dte
date of the ordw, However. upon the -quest of either thr Participant or the proposed
Ahemata Payee, the Plen Administmtor may (bu[ is inquired lot ecpedite
nside-tion of an order iC the petty requenmg expedited consideration delivers to the
Plan Admi—it—r a written 1c 1 opinion (which states that the Plnn Administrator may
rely on the opinion) to the effect that all rehearing antl appeal rights with -spcu to the
order have cnpi-d.
11.3 Noticeofderrrmitt.,-
The Plan Administ-tor may notify the Participant and any Al-- Payee, or their
alto y,ofit, tic-rmmnuon on avy order.
Florida Municipal Pension rme, R,,,d
601(a)Dafined Contribution Plan
12.1 I„veutlnent aireerun dnring Jomext is relutions mutter
Nonvi,M1stnnJing avy notice ,o the Pinn Adminis«awr(or to any other person dealing with
or performing A
services regarding the Plen) that a domes,ic relations oNer is mny be
presented to be deId—led as a Qunlifed Domestic Relations Ordu. the Panicipen, shell
o[his or her du,y of imx,1m 1 direction as rsgoired by the Plan unless
order se expressly Vto 1-otherwiseand, he Plan Administrator due,,i,,—that the
u order is a Qualified Domes,ic Relations Order, If Qvvitied D..-., Reladnns
Order provides for en Alti- Puyee(orauy person,, Ad hanlne Pa-111,—t haves
righ[of investment dimmion under the RIan.Ihe Plnn Administrator shall give efeo, to
that coon order to ,he extern permitted by the flan.
12.5 Giving effect to a Qualified Uomestir lielatinns Order
If the Plan Admmis,rnwr de,ennines lb, ander oris a Qualified Domestic R
Oder. tM1e Plan Admiviat,ator may— the W,1, ,' Tn, - or the Issuer<s) Io enure
the payment of o amn,s puts m (and tprev any pvymen which nigh, be
wish) IheQ,1111— Donleslie Relvlio st Order. notsvith handing uny mnlrnty
proovi�si nnafthe Plan.
1E.6 i—Idilty to lor:de puree
I[ uvy paymem under n Qvnlificd Domestic Relations Order cannot be paid bemuse the
All-- Payee ea —I be loca,ed upon t1--bl. —, [including services —,Ii ble
from the Social Severity Administration. rho Plnn AdministrntoI,—(bu, is no, rw,i-d
:.) direr, the Issueds) of Master Trus,ee ,o cauu the"
of the Benefit Imo an
rest b—mg PDICvnsnred back accovm nr IRA opmod in tl,e All-- Payer s
12.1 QDROproredvres
Unless the Plan Adminisd—, adopts a diRereet wnitev proceaure, the proeetlure for
vdminis,erivg Qunlifled Domes,ic Relations Orders shall be,rs follosws�
The Plav Administrator shall promptly notify lbe Penioipent and each Al,erna,e Payee of
reipl of such order and the Plan's prorndures fm dGennining ,Ile qualified stales of
dl.—I e clad— orders.
The Plan Adminis,rntor ,vill 1- lt--w if the order meets the rwuirements of the
Plan.
If the Plan Ad -III -,or de,ermines the order to be a Qunlifled Domes,ic Rela,ions
O,der. it will send a written de,em,inaticn to ,he named Issueds) -he Investmeni(s)
and givx o,he Plac aicyae. the Allem ,e Payee(a). and their alto y , o
,hey mny acI according to lheprovisions -he order
Ploride Municipal Pension Srusl NH
401(a) Defined Contb„lion Plan
1[,hc Plan Adminisn'eror d,eeminedhanhe oNer is 9q(a QvaliGul Domosie Relatiogs
Oraer, it mvs[ ensure ,nest ,ne Plan docI.,make any disvibution from the Participant's
AA—,rm a period or IN moons, un1ess ,he Ahemam Pnyee ei,he[ rcleasm a dahn to
the Ad.. —I.-
or the par,iex obtain an amended order which is de,crtnived b_v [he Plan
Adminis,rator [o be a QDRO.
13.1 Hardship Distribution
A Panicipan, shall be p—,imd to make a hacdsl,, —1,d,, v 1—, ,he Vested amoum fas
determined by thix Plav) ,_died to Nix Employ, Con[bunovs A--if,he Panicipam
z JIM ,ha, he or she has nncared an immedime and hurry fin —1 need for Nnds. I,
d,ae purposes, a —dill and heavy financial need shall include a need'. (1) ro pay
medical axpenscs dexeribW in Section 313fd)orine Code inb—d by the Portieipan,, his or
her spoiue_ or I,is or her Uzpendents'. (2) ,o phase the principal residence of the
Panieipan[ (excluding mongege pay —); (3) to pry mi,ion for,he ne
que of pas ondn,y ednc n for the Participanh h., or er her or h., or h
dependen[s'.(4) to 1--1 "eviction oNllz Paeieipan, lion, his or hcruprineipal—idence
or foreclos , the mortgage of[he iclpan,s pdnclpal ,widen or(5)1. any
other Oetn hnble „gency of the P niciDnn as dem ,fined by,he Plan Adm�
muni Fom, and noodisonmine,ory basic in accordance wiM the riles and ,ep,letion
nder4-01(n) of the Code
13.2 liardxbip
Thz amour[ of any hmdxhip withdrawal by a Participant under Provision 13.1 shall no,
_teed the _moan[ necessary ,o satixly,he immediate end heavy fnancal need nod no,
�vwnobly nvaih, ble fiom other resourtts of,6e Paniu''pant. For,hese po[poms.a hard,11,
hhdra,val will be tree,ecl ns neocswry ,e sa,is% an hnmediate and henry financial need
ooder Povision Ili above ifthe Particlpao,—, r—,Im„he .-d carmen be mlieaTd: l 1)
through ,eimbursemrnt o ompensahov by b, otherwise: (2) by nasonablz
liquidmiov oflhe Panicipm,[s vss 1, m the ex,u„srved, liquidx[ion wm,ld not hsclf cause un
mmedime and henry finan W need: or(3) by other dixtbntionx f-,, ,he Plot or by
bormwinS 6om commzru'al mumes on r<rvoneblc commc,oial terms.
III
11.1 hfan ner of hlnitiny "0",1,iP LVlthdrar�ts
Any ,,thdass by a Panicipent under Ne Plan shall de mode only ader the Participant
files e -1— requ 1 with tha Administrator sped fn9 dte nature of the tvlthdra I (and
s th—O", if a I d,hip trilhd.-I) and dte ei of f oils rcq—Is d to be
whhdratvu. Upon vpproving any withdrawal. the Adminisrutor shall famish the Gisloilian
wish rrci— insxruetioiv direction the Cusmdian to make the withdmtvnl in v lumpaum
payment to the Participant.
MIUMMICIMEMMEMIMMM
15. RETIRFNIENT DIS'fRIBU'I']ON
15.1 nt Distribution
Upon Rellremu n, the Partielpent is mulled to epDIY m receive his or her Bevels pvyvblz
under any Payout Option that satisfies �hc provisions of dte Plan. including (bat not
Upon Retiremutt. or if rdrller .pon Sevarnnec-from-emplopnuu. if the Panicipvnfs
1-s Aewunt is SO (es of the date of his or her Retirement or Sevemncnliom
unployment)_the Pvrticipmt shbll be deemed to heva feeeived a Deemed Disrribuiian of
his or hu Vested Acwunt_
15.3 N inimom distribution
For any Du't bution that wmmeners o0 or after the Required 6eeinning Date ur with
rasp— to v Distribmion Chet w es befotc the li,d"d Beginning Dale to the
o[ paytnenta to be made vl ,she R quired Begimting Date. IM1c Payout Option
must mcet the requlremetns ofIRC $ 401(a)(9)_ ineluding IRC § 40 l(a)(9)(OJ_
floridn Municipal Pension'Dnst Fiend
40I(a) Debned Contribuhon Plan
15.4 Regvircd Beginning Date Distrlb.ti
A Retiremem Dish butiov shall wm-- not later Than the Required Beg-, Dale
155 DefeulfRetirementDiftribntl-
Participant has trot filed an apple-,- for paytneatl by the d-that is 90 days'befbm the
PanicipnnfI Required Beginning Dace or Normal Rrvairement A e (or if the Plan
Adlninis,— has denied an application end an acceptable re-upplicelioa ha, nog bezn
fled before Ne oppliceble dote) the Plav Administ - shall d-1 peymenl for. if
providul by the lnvestmenr. the Lcsuer may wilhoul innmction mvke paymatt) asordinv
11.1 DIth Distribution
Upon the P—ipnt'e dendt beruta v RaJmment Distribution has beg-
- (end bufom the
Pcipant ha,_
«e6— n totvl dialribution of his or her Vesvnd Accounll. the
Bcnebciary(s) is entitled to receive a Death Distribution under any Payoet Option thvt
satisfies the regnitetnenls of Provision 1U2 16,03 of this Play.
16.2 Continuing Red remen[Distr R—fin after death
I(the distribm or the Pan S BevePt h.s begun undo tt Dinribul
end die ,h, Ppam dies b. lhr the entire interest has been disit�bmed nceardinr to the
s of the Payout Option. the remaining interest shell be distributed aeeoNing to the
s of the Payout Option In any such cnsu_to the extent required by IRC i 401(a)(9)
the reinaiving inlaest shall be dietriboted at levn us rapidly as under the Payout Option or
other method ofdb,dl,.1ion being used vs.1 hu date ofthc Parli,pans death,
lb.1 \linimum distribution
For nby Distribution that mmmeaces on or nner the Required Beginning Date or with
respect to a Disribution that w es before the Required Beg--g Dete to the
t of payments to lu made u[t re the Required Beginning Dntc the Pnyout Option
must meet the tequiroments of IRC � 401(a)(9). including lRC $ 401(a)(9)(G).
A Deatb Distribution shall commcnoc not Inter than the Required Beginning ihtc
Plorida Municipal Pension Trasl Pttnd
401 ba)Uehned Conhibmion Plan
I6_+ Dd.aOl Deatlt Distribatimt
If a Death Distribution is required 1. begin according to Provision 16A .,,I the
Beneficiary has no[ filed an application for payment by the dale tbat is %drays bcforo the
Participants Reglrircd Beginning Date or Nnnnal Retirenleal Agc (or iC the P
Administrator has denied an application end on acceptable r� applieation has not been
fled before the applicable date). the Plan Adminisrrator shall dire,, payment (oc if
provided by 'he [nv .rheI nay withou make 11
"1 ac ordivg
to the automatic Payout Option provided by the appl cable Inveslmenl(s), or. to the extent
not so provided. as a tun p m distribnhon.
12, DIRECT ROLLOVER
1].I Direct Rolioree
Consistent with IRC $ 401(a)(31). for any Distribution Daid ah,, December 3l_ 1992t1,at
t ao Eligible Rollover Distribmion the Disvibutee may elect. a1 the time and in the
leer prescribed by the Plan .4dmininramr, to instruct the Plan Administrator (and the
Isuter) 10 have any portion of an Eliglble Rollover Distribution paid di—Ily to an
Eligible Retiremanl Plan specified by [he Dislributee.
- Plan Administrator may(bu1 is not required m
Consisten wish Tteasary Reg.g Ik02(c) 2, the Plan Administrator —11 nibnn IN
Dislributcc (in the Eligiblo Rollover Dlslnbu1- Naliae ar othetwise)thatLLhe Diuribmee
has a right 1. a period of 11-130 days — receiving the Eligible Rollover DistriN.,—
Noticeto conside+the decision o[whelftu or nor to elects Disribution end any available
Payout Option and rho Dislribnlce after receiving the Eligible Rollover Distribution
Nonce mnsl abb_ ,vely elects Uislribulion.
Florida Municipal Penslw Trust F-d
40lfa)Definoa C-11—M., plan
18. ADMINISTRA I ION OF DIS RIBUT]ON PROCEDURES
I8.1 Cinim for Distribu Lion
!wy DisWbution shall be pail only upon a eonlpleted anJ properly vrecuted unucn claim
fade inn roan acceptable to the Mn Admi,p,iat,, tnf slate under penaltiesd., bury all
facts and vutM1orizations necessary or epproprivte ro the Dismbution. including but not
limited lo.
• if the Distribution is a Retirement Uixtribution. appropriate evidence that the
participant hm a Severance-from-employm nt.
• if the Distrlbut n Eligible P,lb—, Distdbut the Dinribote
o whether the D svi-ion(ora Vonion of the DistbuI—)i, 10 be paid direc111y
Eligible Retirentem flan, and if any antmrnt is eo be pai I directly to an Eligible
Retirement Plaa the name and address of the trustee or issuer of that Eligible
Retirement plan together with any other infnnnation that the Plan Adl-imam, or
1ss , aasonably req.-, pursuant tv Treasury Rep, F 1.401(a)(3 I)-Il'.
• if the Distribution is a Death Disvibmiov. appropriate avid— of the Participant's
duih:
• if the Distrlbutionis n Hardship Distribution_nn appropnece certificate or evidence o[
the facts wnstituting the Paniapansunforeseeable emergency.
• if the Penicipnm has n desigrwted Buteliciary. the Jateb[-binM1 of the Designated
8enefciary.
• i[tbe Distribution ie m the fall, ofm Annuity Payout Option, the datnoGbinh of any
annuiwnt designated u-, the Annuity Payout Option: and
• whenever required by the Plan Administrator, the d--.Fb'inh of any punron as
relevam m me Dixmnmion: ana
if the A o[ ;n re Nan a e Ivveslmcnt. the order , >,bicb :fy
brvcs[menw nre robe charged or liquldatcd to paythe Distdbutinn'. and
• i[ the amorint of the Disvibution is Beater then a uniform amount estvbiished by IN,
Pivn Admin'isnalor. nppropriate nssutanuc (including a Signal,—
Gwrnmcel tbai the
Pa p sor eenefici .sslgnn r S me and
Plonde Mmiicipel Pension hlalPnnd
60I(n) Ucfined Con¢ihution Plan
• vny otltcr evidendd or ivfdtmation that the Plan Adminislmmr fmds is relevam to
administer a provision of the Plan in the Participants or BenefcipryS vnU the
Dirtrib— scircwsstances.
Absem contrary evidence aurally kndsm to the Plan Adminislrvldr, an uppmpnvte death
ertil-11 bra boon o 11PIdting that the Panidipvnf is Cdund m be nbsent avd presumed
deed shall constimre appropriate evidence df the Paniupants death.
II the Dislrbulee Fails Id submit proper inslnmtions, the Plan Adminialramr may a� itz
1,""lmn_ Illy Ibe claim_ or may determine which elan InvesnnentU) and inv¢sunem
options are m be chafged.
Ib.Z 'firm. for Di.tttiMnidn
The Plan Ad.nay require Cor papne dfany Distribm tetiva
uniPdrmly date--d and m ently npplied Iv vdd�ion tonthe above. no
payment can be mvde before the Distribution Commeneemevt Date.
1 H.3 Plan Admivistfatorto approve
Payments sM1a11 not begin omit the Plan Ad i..i r -i f approved'. the df,hbutidn.
and [he claim for payment. and the Pvy of Option as satisfying the pro nidns df the Plan_
TM1e eledtion ofa Payout Option by a Participant or a Beneficiary mull be made no later
Ihan thin} (io) days before the commcneemwt of soot, b—fil, Sub,- to restrictions
smblished by the Adnrinistratoc the Plan shall permit payout options in the form df lump
z penddic pvymen ofa fixed an nxe or fid our dr life- ingvv annmt�c s.
Absent such clear the Account will bepaid in a lump
ThrhS Paynr may rely mt appnrent enlRlentem
e Employer and the Plan Admi, h—ldr and the Master Tnistee and the fssuar and the
&gem [a —pa, ] is not livble for having made a payment under 1. unclear Beneficiary
desigiation or P"1111ation dill, �rt to , person mt evfided to the payment, or for
having mken or omitted any other auidn in good faith reliance on a persdn's opparem
ttidem under the Plan. before the pvyd acwally received -riven nobev ofa clvintcd
ladk of entidemwt under this Plan.
Avy payor of any Distribmion is not livble for having made a payment or having mnsferred
of property td alwteficivry dcsigtvated in a beneficiary tles v[dr nilar
usably behaved to wnstimte a beneficiary Uesigna(dn)gnita is dot rvtu'detl m
the tC,-buy- or tdr Iwvina taken any other -i— n A- faith al,— on the
Florida Municipal P—.dd T— Fbdd
4010) D,fi,,ed did,liltdil-, Plan
—Ift', , apparent idbd—dl 'idd, lk semis of the 1-6,6, designxlidn before dtc
Any Ddo,ib,i-d is 1,1, by ., on behalf of,N Mane, T-- or Issuer duly upon the
Muster Trustee's df Issuer's 11ld,d in 9..d order df the Pl,i. Ad idi,i s approval of
,h, Dlstributee s cW,d
Lrcept 1. the -1-1 oll—le expressly pddli- by the y pp,—i or
AiW op— shall he determined a, df the WI-i- D- requested by the P,d.,,p,,d or
Beneficiary -or if I o, f the Wl-., ,�Datei", "A' fbIl." the Letter's or Mnsttt
T-- .... ip, i. good order (bAdd,d the di-flmg ,"I" 1n-'(') , applicnble I—)
The Plan Ad-dilll,,l, in al 1.1e billd,li., may delay p— of an iip,—d
D,d 'ddild,fl:
• d, pemtita valuation of the A--,,l,
• to ., vvy oeeessary ., d.,- l iq,,td.,— .-Ibl,
dispute arises es to lie proper P (lael to Provision I idS b,,1.1)
Pl. AAdministratorbAdministratorhas notice f d.,dildc -d.d, db,,�� dill may
involve I—Abi 11 Ai—dd
• �,211,e Pl,,d Addimill—I f b—pl, Isle or petitionlhal may involve
b,,bdI All—l.
• :,f, the Plan Administrator has notice of any 11911 PI-1-9 or petition chat may
volve the applicable Account or
• for any reason described d— this Plan, or
..y
Plorida Municipal Pension Trost Fund
a01(b) Dented Contribution Plan
Wi,han lim ring the wmprchen <-1 of the abov o Ihz e „hat any Disuib b,
ecgnirzs a redemption or nansCervof fund shores the blan Adminlatramr shall delay the
Disvibviiov during any period: whvn the NYSE is clonal other tire. for a wc—d b I
holiday or when boding on the NYSE is restricted (as d.1-111nzd by the SEC)_ or when an
emergency e,ins making disposal ofa Pn11aS reeurities or valuation ofa Pond's net asmis
movably practicable or who, tlm SEC has required or peemhled the —pension of
redemptions or lrvns[ers by oNer or dndag eny period otherwise dzsenbed by § 2(e)(I)-
(3) of the laves,n,enr Conq,anv .fa of ]940. vs amended [IS U.S C§
Al- lho Plan Adminislramr may delay by Din bu,inn if doing so
appropriate mavoid exceedivga Eund's'Ivege vaysactron amounC'regvir menu Nai applies
If the Panieipani rz ived an allocalion of Employer—btaions for a period 11
included his or her absence under e federal or dale Fnnrtly ond,Wediwl Levve act d,e 11vn
Adminisirator shall May payment of any D,suibmion hhhbl the plan Adminisoemr
will not or did not eemm tv work fiom such absence
If. dispute arises as m the proper r—pi- of any papnent(s) under the Plaa, the Plan
Admini,tmtor, 'in Ia sole discretion. may insinc�l the laauee(s) to withhold paymetn until
the dispm¢ is determined by v coon of wmpctem jurisdiction or is seliled by the panizs
conccrncd.
18.9 Doubt as lv proper payee
IF the Plan A,Ebbb,iralor determines lhai d,ere is doubt ns m We proper eonstluction of
Ihz Plan with respect to &Nblbining the Bencficiary(N or veherp by pl, e (,)ender the
Plan. the Plan Adminiatratvr shall..... athe Plan N, slate provisions wnaieranl wilh lhu
Uniform -bow Code applied es 11—gh the )merest rattler lh, Plan were an interest to a
cial am,uity wvirnel. to the extern Ihal eny shah consrrncl-is vo1 h,consisvznl
with any requirement of IRC $ 45,E).
If. Disirih111u E,v minor Denevc-
I[ a Distribution Is y be h-le
, mino p.id 1ficiary_ avy paymI— may exevpi to lhz
z.e n1 prohibii ,A by applicable Im,. he pviJ Ih n respon,ible pero'on according Io the
• to the duly eppoimed vnd currently aelivg guardian or wnservator oflh,Denbk—
n.daa Mnnmlpal Penai.n Haar Pnnd
¢01(a) OeOned C.nvibmion plan
ro he custodial pa,- -he Benefeiary_
• ioemsponsible adult with nh.m[he Bwteficiary meiviains his or her residence
• toaresponsible vdull who iserela[ive of the eenofeiery,
• sr.diav for the Beneficiary under [he Urifm, Tmnf s ra Adlnm's Ac) or
(M�(o�vii Gas to Mlnors Act.
• any person de[ennined by the Plan Administalor [o he v proper recipient 2r the
Benefciary-
This payment shell 1 in full reticfacti.n of all claims. The Plan Adminis[ra[or has no
dory[. stpervise.r inyui i-din application of anY ai rvuvt(s) s. paid.
If a[ tM1e a Dicvibuu n begins the Bmefciary is and the Plan Admi
begins peytnw[s to -lb, person under' [his Pmvisl-, he Play Adminirvrnlor may
e all payments tinder the Distribution 10 the other person norrvithsranding [hat [he
Beneficiary may have vt ivetl hill age, unless the Benefciuy files o n claim
e.rding t. ell of the regti remen[s of the Planincluding fnmishing m[u'f—, evidence
at he or she ie of Poll -
If a Diso'ibulion is r. be made to a Parti.ipan[ or Bene1 chat the Pl.. Adminlstretor
III- ro be unable to manage property effectively 6, any aasov iveludin6 fbtn not ed
[.) menial illness. m ntul dcfiaiency. physical illness. physicvl dimbihry, d—b nse .f
dugs. chroniv lvtoxievtion, wnfinement detut[iov by a I'oreiSn powe,. or disappear -,
any paymen[ mvy be pvid according to the terms of the applicable Invesnnetn(sJ (If-) .r
according t. applicable Ivvu—1 Lary (if any). or the Plvn Adminisuatuc may dine[
• es tvstru.rM by an a pp pn-coon.
• tv �Ae Auly appointed andw -lb, acting legal guvfdinn of the elate of the-icipam
or Bunefciury.
• mthe duly vpp.ivtedovd--fy eating c.nservator.fthe Panicipm[t or Benellnary
Clorida Municipal Ponslon r- Fund
,I. W Defined Cantrbmion Plan
• to the duly ep'-d and atre"tly uebng attorney -in fnet under a durable powerof
po,moy ifIll, Plan Administrvar finds tbal the power -of -attorney provides stf(icient
er to a"[horizc the ahomeyimGct to rvoeive the Versed I-- 'I balance,
• rsponsible adult with whom the Participant or Benefn,a, maintaim bis or het
residence.
• toe respon ble adtdt who u'a relativeof,h, Participant or Banafrclary.
• any person determined by the Plan Administrator to be a proper recipient (or the
Panidpant or Bene(idary-
• mthe court having j..,dicuon over the mate of],, Parieipumt or Benefrciary_
This payment shall be in Poll satisfaction of ell chime. The Plan Administtator has no duty
t supervise or ingnir into the applieatton of any am-h,)s. paid
If at the ma n time a Distribution begins the Purticipa"t or Beneficiary is wt in
"capacitated (as described above) and the Plan Administrator begins payme- to another
pen under this Pro ,die Plan Adnn may co all paymen under thv
Diztbntion to the otherrson pekhsta"dmg othnt the Panlcipant or .eneficiary y
have become competem or may havoc been adjudicated as competent. unless the Participant
or Beneficiary files a en claim according to all of the mquiaments of the Plan_
including burnishing a satisfactory coon order thvt he ur she is competent to managn bis or
her Ucsted Account balance.
If, nt a tone when v Uistnbutioo is teq"hed to he Pnid, any Disnibution cannot ba paid
bvuuse the payee ennnot be located upon eeisonable elfons [includlvg services avaibblc
from die HIS under Rev. Pmc. 94-22 and services available from the social Securiry
Adminisnation], the Plan Adminfnntor may Nut is not required tot aired each Isauer orthe
gen At m pay die —Id Atxaunt balance in arest-0earing FDIC inmmd bank
t opened in the payee's n e. Tavpayertdem.fY Number. tmd then I--
address of record according to the Pl— and such deposit shall discharge the Employer's
obhgarion to pay the Vested Aceottnr MI, —
Din Payment to Pe".-I.'pr's'ntative
Any payment (or delivery of properly) to the duly appointed Personal Ropreseot"five of
the participant shall. to the -- of the payment (of delivery of property)_ bar recovery
Florida Wbi6pvl Pension Tmsl fund
-0) Defined Contdbmion Plan
by any other peor enbry, indudivg every Dever ivry. and shall, la the extnn oC@c
payment (or dalivvry of pmperty), dimha[ge any obligntion under the Plan.
I8.I4 Disclaimer by Benefielary
Any Beneficiary mny ,pounce ar disclaim ell or vny pan of- Vested Acwnm balance by
film cable diseleii of late than 31 dvys before the Dislnbvli n b,i-
n a svnuen v'a�o n r n
v y payment is ltF— ib m becmnde and befog accep[vnce of any b, Account
balance. nn acceptance may be express or mny be inferred from anions or funs and
including (but not limitad to) [hose actions il,. bed b [be !)--1 P b-I
Code asaes[ablishing vn ivfeance of acceptarce. In addition to any aquiamoms under
Staalaw. the disclaimer isnot efienlve unless the diadaimer desecibasthoVesed y-11111
-,,
balance renounoed.,li,f bly declares [ne ammciatiov and tpe extent ore espfen,, Ih,
[he ewteficierys belief upon re mnvbly diligent ex t that nv crMim[ or the
Beneficiary [oc if the Beneficiary os an executor or trustee oraguardinn or 1t fiduciary; of
any curtent or rensonably mticipv,y)banedviery of thoestme ortnmee orguvrdinn— y
aster ftducivryrclntionship orem bly iu bsa bets B—fi byhte disclvimm vx essly
es that[he d-Ia...... irrevocable. is signedbythe&nefici-imcns allrc lu 1111
oC 1RC§ 2" such diet the diulaimn would be trea[cd as eficstive for 1, b.l gin nod
ar purpose.- and l-mgiw y made in v loon that is cceptable to
Adtniniaramr- No[svithsmvding vny State Inw tout would permit otherxnse„ei[pthe
gardivg the Plm nil the t having j ... didi.of the paad
perm author s
e the dlsclvim after finding that madvisvble end ivill n
pally pr j.diee therights of any interested person. Any b,d Accoum bvI—
d s-.rated shell be payable as if Nc Benehcivry who submitted the disclvimer died be(Dre
me Putticipu[.
5 Reuipt and release
Any Di"i bb n or payment or vny agreement m make a pymem(s), or any t.—, of
Vested Account bvinnoe [o another eligible Vested A—,- balance plan shall. m the
I of the Dismibmiov or paymem(') or the agreement. be in full satisfanion of ell
the Plan Adm sole vusuany Distribute
payll v condition to making o e using tobo nude any paymcnt(s) or
agaemenero ex—b, von preceaceipt and release.
Florida Municipal Pe:tsion Trust Fund
401 (n) Defined C-,ih-on plan
19. PL.AN ADMIN IS'fttAiOR
19.1 Plav Adntiminrv[or has fall authority
iho Plav Adminisvnlor has full and complete authority end d-11111n to tml Ind
anage die ohallIln oC and shell .1v11, ell :n under the Plat. co'fhe Plav
AU:ninisuator has any and nll P-11 may be necessary or edviseble to dischnrge its
dmies under the Plan. and has complete Ou'creaionary authority to decide rill r:muers end
quesions wder the Play.
19.2 Plvtt Admivisrreror ntusr decide all matters
The Plan Adminisimtor mttvI decide all matters antler lire Plan. t'be discretionary decisiats
of the Plan Adminio—, are final. binding. and conclusive on all interested persons for all
puryoses.
--lhstnvdin:. oche ontrary ht any cull« ve bmy ning vy
dmenninveiov under or ens rig out of the Plan is not subject to avy atbitmYun p:aeedurc oC
any kintl, and the Plan Adminislmtor's Recision is foal.
Without limiting the comprehensive effect of dte eb—, the Plan Administrator's
UiscretioneryUecisions mvy include. bur shell not be limited to. any dccisiov as lo: whether
urel patron is an Employee. whether an E:mployce belongs to n pnniwla:' mnDloyment
clvssificatiov, whether an Employee u aft eligible F.tnployee_ Ute nmouvt oCn Panicipmus
ComPe:uahon. the a oC Gtnt ilvto made, whether e of
Coutributiovs exceeds ill,limits prescribedd by by the Plaq whether a court oNer �hvll be
ucogvized. whether a Partidpvntay , other person) has esablished the presh,11 or
ebsenoe P.SDouse whether a Payout Oplon is an Annuiry Ryour Option. whraher a
Pvnicipanr has l rzed a hvrdship. whether a Participant h;ts' a SeveravecCr
employmen!_ whether a Beneficivry Designation a valid or efi c(iva who is tha propee
Beneheiary_ whahrs e Participant or Ileneficivry isminor or is of full age. whether e
Panivapvnt or Beneficiary is av incompwnnt, the per1 son who ix v Droper rttipiem for v
Pvnicipnut or Benefcivry who ise minor or an inwmle, whether anypowerafauomey
s vtTective wd veecptebm m G with respect to the Plvn, whether e Sigd—h Guammee is
required. whether v Sigvamre Gunmmec isaccepmble � r nay puryose under the Plan.
19.3 D-Idlivvriovs ro be unil'nrutly male
To the entevt required by the Enabling Stnn:te. vny determination or decision required or
,—,led m bn made for the Putpores of the Plan by the Plau Administrator shall be
unifomtly end w d by the Plvn A made nccordng m reasonable procedures establisbeJ and
mv:nwinetlminisvalor_
Florida Mimloipal Pension Trvsf hind
401b)--d Conlribvlion Plav
Tlb4 Plan Admimtsfr 1111p responsible
The plan Adminlb,p—isresponsible for performing all duties rvgniied forihe operation of
the Plan. vnd is rwponsihle for supervislog the performana of every other person dtai may
euisi in the performance o[ihe Plan Admivistatve's responsibiliiias.
19.5 infornmrion from Employer
To anoble die Plan Admimishalor io perform ill respomsibiliiicA dhc Employerdzl shah
promplly provide io the Plan Admivisimtor complete avd vaurum in
r that is required by lb, Pivn Adriimis—, iv order ro makcl vny decisionu oy
deteiminaiion under the Plam. The Plvn Admivimator shall rely upon ibis informadoa ns
supplied by the Employer, apd shell have no dory or rrsportsibiliiy io ien'fy ihis
inf —bbb.
19.6 Plpn>tlministramr mar delegate or contract
Exapi as prohibited by the Cmbling SI—I of other Stale law. the Plun Adminisunior
x<ept when expressly prohibited by this Pla, deI,,,- any of its loiter to any
Employer, or to vny odiccrs, employees. or agents of nvy kind. Except nx prohibited by
the Pmabling Stvime o other Stvte Iaw. the Plan Admi—1,,. or mayerapt uliai
p essly prohibied by this Pln, covtraoi any of Its duties to the Agent, a Service
the Plan Adntinisiramr may c 1-1 with vny person to provide sttvices lb auist in till
udminisimtion of rile Plan. The Pinn Admimistm- m make such warmers in
oompliance+chth the E-1, Smivte and other applicable Sale Ia,.
vy person other then the Plan Atlmiviz'—, who performs services r,,,,d,,g the Plnn
(irclvding bvl not limied to the Agent) is subject to the supervision and direction of the
Plav Adml Allimr. and does aot have.1-Ity to eonuol the operation of the Plnm.
Any person other than the play Ad—ll, ator who performs services regvNing the Plan
hvelvding but not limited to the Agem)Is enfded to rely upon any direction instmuion.
information or action (or failure to an) of Ilia Plam Admiristtaror as being proper, under
ihis Plam. and is voi required m inquire inn the propriety or corraetness of any —1,
All individual shall rec - himself or herself hom and shall ilk, no pan in cry Plan
Ad tni nistmior dmermiavtiov or decision .sp-bb"11y mlvting to his or her o
pan or l3cncft_ ss hu'or her abste oidd is der the Plan Adnvnistnivr
mmniitiu.o organ rauvni gable of ere b niche mvuer_
Florida Municipal Pcnslon Truh1Eund
401(a) Defined Conln'bu 'on Plan
2Q. GENERAL PROVISIONS
20.1 iallenation
In eddilion[b- (and not by limitation up)b)111v peovisions of the Plan and any pmrisiov of
eDPlicable law. any benelitoc inte�esl available under she Play. o anyrighlto receive or
ct paymen,s under ehe Plan, o uny Oislrib—n or papnenl made under she Plan
shell not be .aibj- m ssignment. alievmli li gamishmeni. atachvlcm, �mns[xr.
ticip is ioa hale. "..1, e, ple48c. ,,-, -erOfi by commulalion, e or levy.
whether by the voluntary or invohmpa act of ony iutzresed persone under the Plal.
zccp� for eo interest which becomes pvyable Dursuomto a QuuliGed1 -5)c Reiaiiovs
Order for a domestic relahiill IN theiwas entered beforelanuery I. 1985)_ llowevxt
Chu prcudine sentence shall not be construed to preclude she -en[ of ony fens or
cxpcl f the Issuer(sJ —hi, Mnner Trual_
The Plav Administrutor mey enga6e a public aceountavt to auditor review the fmauclal
of en internal covvol procedure —1i respem to the Plab. and evy [es paid r o e s cd for such audit or review and r,Ivbd accounting and eudhing genius shall be an
ezpen echaraed to all Pa tcipents Acevunu man egbilabl, manner determined by she
Plan Administrvloe
20.3 Claims pmccdure
By the IGms of the Plan the claimant(or .thew Iieved person)shall not be guidedm
lake any legal ac m (including bot of limited to any a.biv on pmcuduro) or
otherwise seek to cnforu a claim . bene£us or n'ghts under the Plav un[ll he or she or it
has -bit ted all claims and appeals procedures provided by the Plan.
In a nsidering claims under the Plan the Plan Admmiavamr has Poll pmsw and
dimreu'ovvly-1-1k, ,00nsttm and iu m the provisions ofthe Plan. end.1 Imr
r g applying m or relating m the Plan.
withstanding any statement to the —, m vny
decollective bnrgaivivg agrccmem.
ny wuvinetion under or ab1i.b out of the Plan is not subject m a[bitrarion
procedure o£any kind.
20A Exclusive bench[
The Pivn is stablished for the exclusive b—fil of the P nlcipams and their
R—fifries. eExeept as otherwise provided by tEe Plan. or otherwise permitted by
Florid. Municipal Pension T,us, fund
,oil.) Dcfnad C—,R,llon Plnn
IERC § 4o I(a)(2), nb amonms held unde„he Plan shall ever inure ,o the benef � of mz
Employe[ or any su All am is M1,ki an r the Plan shell be held for ,he
exclus ve paryoae l .,...drug Beneft�m the Plan's Participants and their Benefeiancs.
I.xpanaex
Upon
t[he Pla. Administrator's wrinen instmc[ian. the Plsn Ad--I,a[o, (., any parry
ve for i[) shall be reimboesed Rm ets othe Plav assfor any reasonable expense
I including atm,neys o msel fees) incurred iv pR —mg services wish —peel 1. the
Plan. Except as mh--p,nvWd yr penninc0 by the Pla, the rcimbursemrnt shall be
efeaed by dedumivg a d,a,ge against ell A.coums a—lding Ill an cq„i,able method
determined by the Plan Adminlstrmof.
If the l I —I Revenue Svfvice [Ill detevnm- and the d-mab.,, u il., contested
or if c.ntosmd is fn dy upheld (.r o,lterwise finally detevnined), Sifs final coon order
(,hat is epR-I,d) decides that any pnM- of expenses is .w1l,- of
RC
§ 4hl(n)l1), the Mane, T,¢stee shall pay Cull rummtion into the Plana. the estm,l of
the ImR._Iy paid expense (including fair interest from the dare ,he expense w
improperly paid to the date ,hat re l.rvnon is made). The Plan Admin'asrzamr must
enforcepa l,b,fd,,, b,,6,.,,—
zh.fi Eidueiaey responsibility
The Masto, Tvsme (if any) shall as solely uccord,, to [he provisions of d,e Masim
Tmsr Ag,eement. and the Master Tnts,ee has no dory of any kind to read or have any
knowledge ofill Pleb
20.7 Governing late
The R,,b. and -ions m,de, ., will, spa I. the elanand the state¢ of limitations 1,
such acti_' (bete„. Provision 2b.24 (remm of limitmlonsl) shall be 2ovemnd by and
enforced by the laws of,he Stave of Floriae ana shall be c.na„ued, t. 1he-1,d 11b, any
.n beyond the written provisions of ,he Plan Ditdl,lb g Patt 23 [cansimction])
is nccesa'ary. according to the laws 1171h, Stale ofPlo,ida_
f s,andivg avy .,her provision of the Pinn the Plan Administrator moy pny tothc
IRS
IRS Ron, a Panlcipenl's for bll ed 1 ar- y-,u , then um(s) ,hat the Plan
PS-,ps,mt.r de,enbines is demanded under a levy issued by the IRS with tespecl m,ha,
P.nicipan, (o, Beneficiary) or i, sough, to be collected 1the United States under a
j udgmem ,esahing (rain an unpaid tun esussmeni ageins the Pa,ticipvnt (or Benciiciary).
20.9 Li,igntion
If; I,
Panicipvm of l.lb.,- of ilia Panicipavis spouse (or putative spouse) or vny
other person claiming through the Participant o, a Beneficiary beings m,y kind of lanai
I loridv Muniuipel pension Tnist Fund
4o 1(a)Definzd Covrrlbmion Plan
of pmceeding regarding the Plnn agvinn the Plan Sponsor or any Porlcipa,ing
Employer or the Plen Admini—lot or any Agent or any Ser — ProviUer or the Mate,
TnccteA, or any shareholder or member. any direnor or trustee officer, employee, or aeent
of uny of them ieeeh vn "indemnified parry`] may be a party is brougM1t by a paK,— or
Beneficiary or Spouse or by u person o tlly claiming through e Pvnicipanl o
Beneficiary or Spouse end tbA IAgal action or p—,ding is resolved in favor of tha
imdcmmifled pvny_each party p,,-ipilivg in or contn'buting Io the defPnm of lbe leSal
or proceedinu shall be entitled to be reimbursed (mmthe Panieipant's Account for
any and all iLiuI fees la —"of lam and legal assistants and'- cepen,ces ilal ably paid
or intoned iv the defense of the legal action or proceeding.
If the amount(,) of the litisativv expense is greeter than the vmounl of the Participant's
Ace"" the full Aleeoonmust be pvid to the ivdemnib, pa,y(i,), vmd avy o6lLvalion I,
,Mv Pavicipavt,bd his or hi,, Beveb—i )isthencompletelydlschatged-
If there is m e then oat indemnified patty evhtled to imbursnment of litigation
expenre vnd the total amounts of litigation expense are greaeier than the amount of the
Participvnt3 Aeeount. Aaolt indemnified party shall bA paid a pro rasa portion of the
Participants total Account_ and ea,h po r shall be detemrined by api,ly , to the
Participants Account the DA —11,ge than is the rstio ,f1he indemnified parry's lbiµation
expense to the lidgvtion expense oC all indemnified parties.
Hwrever. nothing in this Provision shall diminish or ib, avy indemnified party s claim
n egniry for further Indemvifealion or urntribution Crom the participant (or
Beneficinry)-
[f.10 \ triburions
ICvny Contribmion (or any portion of n Co., -(ion) is mvde by kg
Employer by a good
faitb misIake of fact upon receipt in good order(. Ad.imi mrening of the lnvenmem(lb
r applicable law) of a proper reyuest by the plan Adnrinistrmor or by the Panicipwu to
Ihu vx2v[ required or permitted by the I by hz ent(s), the Master,- ht or the Issue(s)
,ball ce A the. ro rha extant permitted by the Investntek E. ,Arum the ,mount of the
nekensConmibution(s). except vz limited below_ to the Employee The Participant �'
o[ v "ReA too right- corn, cellar r pro corder
f
appheeble Ii, Aenr urn Lv.v os doomed to anise vf'Contribn to utnobe by v good
bn. f faA tultI
snake oreto[ v mistaken Contribmion shaade [bill not be demanded or ini
the ,arum will not be made within year fiom the date of the mist) . paymeml of the
Connibu Cb Upon any rearm of, mis —1 Contribution. l pings aneibr1,, 1 die
naken Contbution shop not be to coed end losses a , —11ble to the m stakAn
Cant 3rition shall rebut¢ the amount o be remmed 11 Ne remm of any amount of
misaken Contribmion would cvuse the Participants Acconnr bvlan<e to be reduced Ice
oridn Municipal Pension Tmst PunA
4ol(v) Oerrnzd Conrtibution Plav
less then the Accoum balance would be if the m.ttaken Contribmion had not been
ntxibuted, then the amount 10 be ram --he Employer shall be limited 10 the extcni
needed so ihnl any.mch reduction oflM1e Penicipanl's A000unt balance shell not orsur
211.11 Necessa ry inmrnulrion
TXe Panicipevl (or 6eveficiary) shall proviUc upon any request of lM1c Plnv Admini.tnlor
r of th, Agent or of the Masser Tnietee ur any Issuer any information chat may be needed
[or the proper antl lawfid operadov vvd vdministmtion ofthc Plev_ inchidivg but nor
limited to, his ar hu ar its full lager name his ], her or III Social Seeority Number [SSN]
u[her Taxpayer Identification Number [TIN], his y her or its current d—, end the
t address ofhisi, hex or its Spouse anA o[nny eip-iA.]I ev phy of hd or
her ane. evidenvo of his or her m q.I status. The Participant shall promptly respond io
and Cully answer any reasonvble inquiryrelaled 10 these purposes. A ., ppd pm,ide
any bove infortnntion Aescrilud aox wM1ieh otherwise may be necersvry or appropriate for
the lawfid operation of the Plan may result m a delay of uligibi lily for panicipaiion, in a
delay of the payment of Convibutions, or t a delay or refusal by the Plan Adminisu—,
hit, discretion, to authorize or permit nny payment to be—&,
The Plan Adminlsrmror(and any party eating Por ip shall I,— the right to rely ov any
informvtiov or repres .Nion given by any Panicipam or .,ficiary or other party
sled in the Pk, The Plan Adinlnisnvlor shell N" vo duty 1. inquire into the
rrncy or adequacy or I-h h :y such information or representation- Any such
epresentulion shell bu binding upon any pang seeking m claim a Benefit IhmuW the
Panielpavt.
MAI NoeomrveI of enrplopmeut
Under vo circom,tances shall the Plan con 6hh, or modify a c t of employment or
m nny way obligate the Employer to wnlinue the services of any Employee.
10.13 No right other then prodded by Plan
The establishment of the Plan and the pvretrase of any lnvcstment(s) under the Plan shall
got be consnued os giving 1. any Pnrtieipenl or deneficivry or any odher persotl nny ledvl
r equitvble right against the Employer or the Plan Sp-- or the Plan Administrator or
their represenmti— creepl vs is expressly pmvided by 111e Pla,
1.- N
Each Pard,ipem or beneficiary shall be responsible for furnishing the Plan Ad,
the Agent and the applicable Issue,(,)) wide his or her or ils c—hl vddN, al all
times. Any notice required or penniued to be given under the Plan shall be deemed cinch
and mailed or oth-- delivered m that zdd—ls This Provision -11 be constm
Florida Municipal Pension Tms Fund
4olw .11ned con[ribulion Plan
applied caitsisrltdy. This Pmvisian shell na[ be con11mc4 ro rcquim the moiling or
dcli�ery of any notice otherwise permlued m be given by polling or by pnbhcalion_
20.15 Plan is binding
ITe Plats and ull ac uud decisions taken under itt is bindiry, nconc
lusive clusive for he
all
puryosec upon all ht sled perxons, avJ up t the heirs. axoeuto,. administrntors,
xnoaessors ana aaaisns orany ana au.N�, persona.
The man shall not affect commcts or other denlivgs viol v person who is not mt inmreued
parlors unl—written agtcemeltt e,t—l1 tl by thvt person exp—,ly m provides.
A p Power-af-attorney
A ower-anomey cannot be effective tv permit the atmmey-imfact [o submit any claim
Adminlurator determines that the powerrof-attomey is acceptable. The Plan
detemtines that the power-o(artomey appears on its face I.have been made in a Conn
and m r that is legally enforceable u,- appllcable law, to indemnify the Plau
Admittustrator and every person who may rely on the power-ofa[tomey vgaivst vvy
liability thal may er t of the Plan Admiois«amr➢ acocp4I— of the y powerof-
may.to exprosslrefer orhis Plan and uu�mvidea
oregording this Plan. to any further reyvibiguously prorw-11 xteted belowein this Provision or
otherwise under the Plan mend to meet y other requ iremettts requested by the Plan
AammLvane
wthoot li—I, the eampreh—iv, effect of the above., powe,ro[-etlomey. iveludinn
a--,
p""' "' mtomey. cannot be eR rive to submit any-
ny claim or l0 5ive wry
or direction o under the Plan unless the document. in tic Plan
AJm nistmlor'I sole opinion` expressly grants power to act regarding this Plan and 1-
o this Plan with sufficiem clariry sv that the Plav Administrator determines that there is
on fusion or ambiguity wvicerning whether an express power to act ragafdml, this
Plvn was intended
Without limiting the comprehensive effect ofthe above any powerro[-unomey includio:'
v a gonervl powerro[attomey. cannot be effective to exercise any right or privilge of
nt direetlov vvdur the Plan unless the document, in the sole opinion oflbe per—
tlrnt mequested to give effect to an invessment instme[ion. expressly grants polar to act
regarding invrs[menr direction under this Plvn antl expresses the principal's(Panieipam's
or fi—fi lary's or Alternate Payee s) knowledge as to whether the nnomcy in -fact is or is
the Issuer detemtines that there is no confusion nr ambiguity unlearning whether an
Ploridn Municipal Pension Tmal Nod
aoual oer acoamm�d��Phn
expmuc Dower to va regarding lnveslnleut d'ncatiou under Ibis Plan was 'mlcnded For
the puryose of the precedin6 semence.an nl advisoryagrcemem lhnl conformslo
the requirements of the fdeml lnveslmenloAdvisers Aa of 1940.as amended '�c deemed
ceptable power-ofapomey if iI refers to the Plau or Io the L1vecunrnl
held for lheePardcipant's Plan Accoum_
21412 Yrolectiun of tsvuers
.Any I—, shall noI be liable or impmdcm iu ncting ecmrdiog Io any diaclium it in
ling or otherwise reasonably helieved to be gee — of fits conlmci owner or lha Plan
Adminislyd- or any other vuthorittd person, and shell not be required Io q-1d,l
(unless olhea+vim provitled by the applicable lnveslmenit)a.,y aclimn so directed by any vC
Them. flocvever, the Isnier sball not be required Io I- or permit any vclion or allow any
beoefl or privilege comrnry 10 the provisions ofany lnveslmenl.
20.IR Release
ny payment or any agreement to make Payments under a Payout Option selected by the
proper payee. shel I. to Ibe extent of the papnuu(s) or n,,d dd m, be in full �ulisfaelion of
ell clan The 1l- Adm y pen
maa, aontliti n pmceAen1.
kine using to be madesany paymeul �or agreement l'or a Payom Opl- to execut.
ce, andrelease. If a dispute arises as to the proper payee of any pnymenl(s). Ibe
Plan Adminismlor. in ii, ole disoretio, finny withhold or cause Io be whbbeld nny
paymanl(s) until the dlspure sIhO have been determined by a court of compcicni
lurisdicilon or shell have been setded by all the patties concerned.
N.II Service ol'legal process
2equesls for infonna[ion. claims or demand, legal proces, antl wren orders are properly
made when addressed 1. the Plan Administrator at the address soled m Ibe Adoption
Ageemenl.
20.20 Sevea'abilin'
Ifa court finds Ihatday provision of 1he Plan is invalid. Ihat holding shell - affect the
r I¢ Provisions of lbe Plau which shrill be eonslnied end enlorccI as if the invalid
on bad not been inc hided lu the Plan. unless such n wnstruciian of the Plav would
6¢ ready contrary to the inleni fthe Plvn
20,I1 Siemture
If a Panieipenl or Benefeiary (or olha person claiming through a PopieiM o
Benefoiary) meal submit any writing of any loud required or pennh if under dIell
maker signa t be mplete and fan if a Pmtic 1
Benefeiary has n disability tbal Precludes him or ber from mlakingead,y—,pl,lb,ddh and [orator
e R. a wri b s signed if iI bears yr includes or ineoryorates arty spnbol evecute0
Florid, Municipal Pension bust Fund
GO I(a) Defined Convihmivn Plev
r adopted by the maker wnh a pbi—I Intention to aulhentiram lbe wn'lm,, or ii is
olhervim demonsvmed to the satisfaction of th, Pi,n Administrator th,t Ibe maker ned
20.22 Signature and broad peeeptanee of writings
An inuruc — (bra oota claim for any kind of DisnibmionJ is considerrA to be written of
11 tins old signed according to the following brood provisions. except as othenvizc
spaci�ed by a nnif rm -k- procedure adoplad by the Plan Adminlsmtor-
"N'nueti' or -writing or"in writingincludes any imentioval reduction to vmgible ( r.
-hum limiting the comprehensive effect of the first sem—ce of this pvmgraph, any of
the following is ling and all of the following rules of eonshuclion apply in
d--bbing what is a venting and who mode the writing. ' Wrb- or -'w ling o
w ling" inclttdcs handwriting typewriting Priming "Writing" 'mclude.s any copy or
reproduction.including (bnt hat limited to) aplt,bg -1 an origin al wri ling.'tihiting'
includes n t.,hillsimile v "Writing includes a videotape or api,-e
recording including a «eordiug of e telephone aonvirseuon. and e penon's
may be rmorded sh,11 be dersned such person's imam b, reduce the
icing. An ilhing that is Hte subjec 11, writren wnfrmntion is deemed
b beeiu wor ngWr'Wrising` or"w in dfi, anything l u recognized m such by
the Ru ! Con the U�tifortt Con taco] Code then mly
published or atlopred by the A av Low Ivshmtu or the Nmionuls Conferertee of
('ommicsioners on Uniform Slate Laws. -W,bb,g',,"wrilten' includes anything that is
ized as such under § 2(4) of the federal Se --, Act of 1933, vs mended
[ IS WnS-C § "b'" m any rule or t,gblmiob thucundec A ling mode by a peron
who apprnrs to be an agem or l,i— .-fi., is the —lion of the app—I pdocipal.
unless the plan Adbl—I.tor nos ecmal knowledge tbm no ,gmtcy vxisls. The Plan
Administrator b, site diareliou may co ,by w livg(s), and may comb'mc
separate wrhiags-includin¢ wrhings that ere not vontmnporeneotu. so as to estvblish one
Inagrnred writing or insuumion.
"Sinned- o `signature" includes any snnbol esecmed or adopted by a person with
ring Without limiting the comprehensive eft2et of
[he fits sc hence oC this pvrugrepl ;nary of the following is a sigmm�ru and all of the
following Hiles of co n apply in dme vivg whet sipnmv and who -d-
Avthenhenlion m,y be handwritten. typed, primer, stamped. o otherwise w _ A
siptem ahead nm co,sisi ofih,, Dusbrts legal name. Asigna— need not cottstist ,[the
person i entire name. A signature may be on any pan ota w I'i7(exccpt as enpressly
mired b ow). tmto Ines -hat a fora, in ma or her own nnndwdung o
typewRing has signed that ton» or witting. Anything that is the sublem of a wrhten
Floridv Municipal Petrsioo Tmst Fund
M10 0)Defned Contribution Plan
ontimtndon is deemed to be signed iC the mcipiem of the wnflnrmtion does n
promptly objec[ to the wnfrme[ion. For v peconves -Ip n person's use of his or her
v a signature. Fora conversation a rson'comlivnce with . —authendwtiov
proocedure specified by the Plvn Admtor inis[raor its agent is a signa[u'Signed" o
tvcludes anything that is ewgnized a such for vny purposes by the
Rebpl,d rent ojAonrr-n for the Urtj rm Contntetxial CC. as Chen-c f ctttlypublished or
adopwd by the American Law Institute o[ the National ConCemnce of Commissioners on
UniCotm Srate Lvws_ A signature need not be contetnporeneous to the writin¢ that it
authenticates- A aignmure made by a person who aDDears to be nn agent or vttomey-iv-
fact is the signamee of the apparmrt pri—pal...leas the Plan Adminis[rator has aemvl
signs care customarily would be made is uo signed by any per on other than the f
Upon receiving anything that appears [o be a writing, o anything that apPcars to be a
ible n1 the plan Administ[amr shall p not be liable or resonsto anyone to
thenexuem [bat it acted without xetual knowledge Oil,, the writing was false or Thal the
y care was a lorgery.
2t1.3J Signature Gtt vrantee
In uddi[ion to (rind not by limitation of) any other provision of the Plan. for ally claim or
cof any kind the Plan Adm may requie tM1e per, srtbm n the
claimor instmchon to include on the written claim or instmctd- a Signvmre Gverantee
when required undera uniform wrinen procedure of the Plan Administra[o,
A,1. Sterol- of limitations
any action allow or in equity under orwith mspoet to this Plan. the action shall be
govemeby (or precluded t statute" Cor actions up l on a.. roan
cording to thlb—I reloven
¢ In[emal 1-1(wishnut mgvrd to the law of conflicts) uCthe Sete
of Florida
stallments for a period of rot more than one y 11. the extent attributable to Lmployzr
Connibmlons. is deemed a severvnce payment and shall be so allocated ffor the puryases
of th- applicable..employment—pevsanon law) over a period oC weeks equal m the
u
t of the oistrlb. divided by the Pamcipants regular weekly pay bxforc the
Sevemnce-from-¢mploytnant with this period beginning on the In, week that beg—
aher the SevereneafromImploymetn.
IBorida Mumdpal Pension Tnts, fend
amfn> �ernaa Comnbndoa clap
20.26 Unil'ormi,v
To ,he extent ragweed by applicable S,a,e law. provisions of she Plan shall be consvved
If any Par,icipan, of Beneficiary I., any pe clang imilroveh ha tticipant o
Benefci111 brings a suit against ,he Plan Admia�s,rn,or. the pinintiR or clvimant heaby
"bmi ,he Ing in Leon enemy. Florida or in ,vhiG, the Plan
Admivis,a,nr hag i,, pn'neipal place of business"
flan Bpon.... (Ight ro amend the Plan
The Plan Sponsor has the righ„o amend the Plan a, any lime.
Avy Panieipmivg Employer has ,he fight to discontinue the Plan v, vvy time except vs
o,hrnvise expressly provided by n collective bargaining agrcen,en, ,hn, is cnforeznble
under 29 U-S.C-$lit e, seq. [,he National Labor ftela,iovs Ac,]_
Avy vmendment o[,he Plan has no clFec, on the Master I"nis AgmuncnL
21.2 tend mem can't change ezclusive benefit
Any amendment or ,e,min b- of the Plvn shall not be effeaivc to ,he ea,em ,Nat ,he
mendmcv, has the effect of ceasing any Plan acseu ,o be diverted ,v or inure ,o the
bevef, ,f,he Plan Sponsor or any Emplo_
. or to bn used for vvy purpose other than
pmxidmv BnvcInts Nnidpants and Be Fa —ties and delayingreasonable ezpepses of
edmima, ring the Plan.
ill lieu'ovetive effect
Any amenJn,em of the Plan may be given immediate or retroactive cliect ,o the eaten,
de,e,mived byun,hc Plav Adminis,ator provided lha, such immediate or retroactive eIT-
is penm,ted der [he Code.
22, l'EIiAI l\:4"I'IO V
__.1 Plun "(erminv,ian by Pvrrlciparing Emplqet
Florida Municipal Psmsion Tmst Fund
Ohl (� Defined Con¢iburion Plan
A Participating Employer may tonnlnate it partioiparimn m the Plan_ including bul nor
limited m_its contribution requiremenu_if it takes the following actions'.
a) The Governing Aulhorlty of the i,,, patios. Employer mua adopt a
esolution terminv[i ng its paniclpaIll, in the plan.
b) The resaluto bmullspeci e when -Plan will be closed ro xny additional
participation by Eligible ,,-bo ens. which muse be n tlarz a[ leas[ vixty
(bo)days vfter the adoption ofthe resolution.
c) the resolution must be submitted mrhe Maser Tivstee. or iti designe..
The Master Tnis[ee. or il's designee_ shell deteunlne whether the resolution wmplies with
this .action and all appl,,Ible federal and state law1. and shall determine nn approprimc
effective date for the termimtion of Employer wh pamoipndon. i,, shall be no later than
welve (12) months from the Master Tms[ce's r dd of the resolution. The
Ad misttamr shall provide appropriate fvnns to the Participating Employer m terminate
ongoing paaiaipeti Distributions under the Plnn of e o the
ill s
Penieipnmts and tie�afnlares aliened by [he tenruna(rn are snbJaci m Meudstribo[iort
provisions ht this dowmur[. Nowevm, if the Participating Employer requests a plan -to-
plan trensf of Plau assets with respect to the Participating Employe,, Emplmyeu who
_ Penieipe-, rite Master Trustee may iv d s discretion make the transfer.
4t the discretion of the Master lhrstce, a Participating Employer who fails ro make
ntrlbn(ons for a period of one(I)year or who Cails tomaketimelycomribovzro
period ofone (l)yearshnll be wnsiderod to have temsimred penieipnnon in 111, the Plnrt
22.3 Effoct v[lcrmlmrtlon by PvrficiVvthrg Employer
In the lase of the complere or partial tc v of bb, Plen as 1. ne (1) or more natlo
Participating Fnnployers, including a termirllion arising from the discontinuance anNor
delinquency ofc—,lb.li— the affected portion ,IbA Master Trust shell corttioue to be
held pursuant m the direction of Me Mvs[u Tmslec for the bereft of of -d
Participants pm ill to[he bli fir provlsioiu'of This Plan Thv IN, shall remain in full
e112et with respeetto weh Participmina Employer lhatdoes not 11.1not.1 to iu participation
m the Plen on behalf o[iLa Employees. or whose penicipatioo is [erminvled by the
�[dRIfllxdil m
ihis[ee_ with notice m all Participating Employers and Panicipams. The last date for
Floods Municipal Pension Tru,t Fund
40 t(a) Defined Gnrtlbuuon Plan
trtlb.,.',, end earnings Io be uedited to Participants Accounts must be sp—hetl in
the Masrer'11hh M official vction and mus, be no sooner than ninny ()p) Uays th, Pl ha
adoption of the ollicial notion. All actions anvoia[- with the Iermino n of the plan.
h&pt,i, o final ac at be wmplded wldtln twelve (t1) mouths abet the
adoption of officialna In the event of a complete Plan to . the Master
Trw-tee must take ell c,teps re Doable ,o void a dlsnibution toheaPe�ticipan,s aind
0eueticiarles. l—" pursuenla to benefit options under the provisions of 11 Plan_
Al."mg idtifying s r plan(,). Howvif h,hibut s[ be made. ,he
Aen
d-11, shall be CA, for dh-,.gon of a distributillsas e¢ ofthh Master
Tms110 Participants end Eueficiari-
13.1 Constrttetioa
The provisions of this part govern the cons,nt¢tion or imerpretation of this Plan. These
rules of wrtstrucliov and ivleryretation shall apply for all provisions. and shall s,,peaede
any olhef 000srtuouon or interpretatiw rules,
133 Consfruetiou ns a qualified plan
The Plan is established and maintained with the intent that the Plao always be a qualified
plan within the meaning of IRC 2 401(a) and conl'ona Io the bnemal Revenue Code's
requirements for treatment or aeognition ns such a plan- Therefore. theprovisions oftM1e
Plan shall be interpreted whenever possible to s thal con—h to ,h,
applicable requirements of the Inlamal Revenue Codelo When> Intern al ftevenuc Code
mended or interpreted through subsequent legislation or reoularions or other guidance
of genual applieabilhy. the Plan should be wn l—d ea slatingprovisions consistent with
surL amendment or interpretation of1h, I—W law_
The Plan is stabllshed and m road — the intent the, ,he Plan conform m the
,plicble "quirements of the Enabling Stmuce. The provisions of the plan shall be
nreryret¢d whenever po'ible mto s that eonf . to the applioble
requirements of the Enabling Stntule1e a When che Enabling Statute is tended o
interpreted lhrouglt sh-q—, legislation or regulations. the Plan should be construed az
„sting pmvlsions oottsislvmt with such mmendmenl orinterpretagon of the applicable law_
23.4 Construction of statutes and regulaltorts
Any reference to a Section of the lntemol Revenue Code shell be eonslrucd to a". refer
t any successor provision Any re-- 1. a Section of Treasury Regulo —, shall be
Florida Munioipal Pension Trust Fund
4U1(a)Defined C—S nion Plan
tmed to also retir to any suuessor Dmvm- nfmch Regulations. A-refarettcz too
Rev e Rulin r Rev e Procedur or IRS Not r IRS A shall be
hued 4 al=o refer to any guiduvice ofg—.' applicability lhat extendsmamplifies, of
modifies dte ftevenuc Ruling or Rcvutue Procedure or IRS Notice or IRS
The Plen refers to relevant regulations. includinK (but not limited to
substantive or ivterpmdve and wi dlhu regard to i,i-I—
regulations are proposed or
empomry or Bnol; but it is intended that any povision Char refers to a regulation shall be
trued to rekr m [he eegulan'on in the sense of dte appropn'ate legal eRect [under
administrative procedure law and otherwise) Ibot dte regulation currently kes ar rNr ume
the constrvchon is made.
To the nt e thmt provision states a duty wed to any Kovemment(rater hthan a duty[.
a Participtam or Benefdary or other pee nor -miry having an interest under the Plan).
of a quallfred plan within the m ning of IRC $ 401(a) includes a Auty owed ro
Padieipunts and BUreficiaries and is not directory -
To the extent [hat e consvmction or lmerprstotiov y (b. (but Plan involve- d co
regulation. tNe Plav Atlministfntor mny is not requirsd to
uehne or regulation aowrding ro the tfirlJoConsn urnmr An.
235 Im1—[Law
�Vlrelrever. abet applying the specific mn,stmction mlez of evy Definition or Provision or
Put, and the general rgnsuuction rules stated in this hart, the Plan may be susceptible to
e than o terprelation. o rtetpremtion that is
uvsrstent with oro thatnisr nor incurtsisten[ with a,pli-le Ivvevtmenr Wry is preferred
23.6 C-11111tion of words and phrases
The Headings and numbering of pmvisiovs m the Plan and to t Ihal is aced within
brackerc excludng text in perenrhesiz are Inoludad solely for convenienusof reference
end a ended to limit o amplify or oontrol the meaning o mterprelation or
comtrucoon of- provision oflhis Plan.
The phrase'vnder the Plati'or'under this Plan r,f to the emir¢ Plan (end the Master
Trust kgrurnent) es v whole and not merely to any Dvra ofany document or Prosisinn in
which the pHresc appears. Any re[erenu ro a part of the Plan ref— to the whole Pan.
Florida Municipal Pension Tntsf Fund
6(11 (v)Defined Cunt bu[io. Plan
Any reference to a Definition or Pmvision of the Plan refers to the svbole Defi.lnon or
Pros'ision unless the reference specifies u particular polio. o paregraph of the
Pros tst.n.
The singular sball be construed Y. include the plural, unless lbe wn2xt clevrly indice[es
othcrsu'ise.
The words -as- or -if shall be w.strued to mean the Vh,—, -1. the crtent ll-'. as
.any referencn to the Plan wdminisYmvor I,Al be conslr„nd to refer also to the Agent and
the L�sver(s)end e.y other puny-i.g roraY the instruction oflbe Plan Admin6irnto,.
Unless We Pmvision sr other - airy reGrvtce a e Pwson or party shall be
connived to refer also to 1.y.onvt11-1 P111. of any enthy (including but not limited
1. 'he -1-thata provision staler a duly owed to any gove —,I(rather than n duly ru
a Parlieipanl or 6enefciary or other pe—, or entity having m interest under the Plan).
Ne provision shall be construed as directory and shall be enforced only by the
Any reference to a wrp-1— or smilb, organiution shall be cores rued Yo include any
All provisions of the Masrer Truss Agreement d,at do no llblhc wish 111Plau ere
t.c.ryorated by m[e—. and arcnpan of the Plan as if fully set forth by this document.
operation ofa Fnnd thal do not conflict wilh the Plan are incoryorated by refeence and
ar part of the Pla.as if fully sal forlh by this document.
If any prov b. w.cerniog a benefit h- the Plan is ambiguous, a construction or
pn of the provision that would provide that such bencflt is avvilnble m a uon-
d�crrlminarory m r shall take precedence over a construction or interprelalron that
would not so provldee
To the e +l that any co Dn beyond the svbl- provisions of the Plvn is neecvvry,
the Plau shell be e 11—d(--, as oehenvise pmvlded by the Plv.) according to .ny
thenoullhl R111,-111- of lase published or promulgated by the Amesienn Law Institute
Florida Municipal Pension Tn�sl Fund
4h l(aJ Defined Conhibuhon Plan
any JtGUnif— Acr or Model AU pnblh-d o fended by the
National Con[eronce of Commissioners on Urdform Scare LawsThe Pia,, Adminislmlor
may c nsider vitM1Jra n Unilor i All r Model A if n er ha. bee
promulgated. Among Ihese sourcesn the Plen Administrmor in ibis sdlcdiscrol- in,
select any order of reference and i[ —han one source urelewant may decide which
23.8 USA Cpns[itutlon and F116da Cun lion
When applying any of the preceding --b. roles relotin6 to the Internal Rennim
Code or the Enabling Stature or Employment Laws or Goccmmenl Contacts Leus, the
Porn Adininlsmalor need not ponslder any smtuce or regnin(on or ordcno the ex¢m drat
s appl-lion is conirnry m[he Coiutirution ofthe USA oris contmryio the Con,,il on
of Florida: however. the Plan Adminisiratw may pl--rM1ot nny slalute or regulation
order is no on al until a published conttolling coon decision expre=sly
holds chat such la vi,wntreryto a Coosiltution.
Puna
40'. Defined C.-Wd.., Plan
The Plan Da —,l is_ signed here.
Your pl.. is not complete —hou, your Ad,,,- Ag--,b by which you
conforming and
la— that you -i,. for y ., lk,
Y-11 sign the Ad.pl— Ag--,l 10— your adoption of your Plv.,
Florida Municipal Pensiml't—t Fuld
§ 401 (a) Dofinnd Conlribulion Plan
Adoption Agly mast
Address
Address
Cit -State-Zi
175 West Warren Aven
Lon ood, FL 32750
Individual to R—ive-1 lNotiocs
Ms Monica Mitchell
Title
['finance Director
Tale bone
__
40'12GU-34'/S
Fax
a0]-2603451
mail
mitchcll ci.lon ood.fl.us
Your Plan Administrator is:
Florida League oMt— Inc.
301 S. t9ronough Street
P.O. Rox 1]5]
Tallahusee Florida 32302
Ph,— 850) 222-9684
Contecla: Mad:Sittig,ReI,-,nlS—i—Manager, 850-224-6779 z276,
Tazd mm—igQflcitieaiIaekson FMPTMPTf Trull Adminislmter, 850-224-67]9 x2]2
tjacksonQFlcities.com
Pmn rrn�:�mn�
The Parlicipatiag Employer will use FMPTFs § 401(a) Doff— Conlnbucion Plan.
For evy Plnn choice Thal dtis Adnplion AV-- (ails to speoi Cy, the Participating Employer is
deemed to have specified lbe first -displayed choice.
Your Plan Year
® October l- September 30
January t-December 31
0 Olhcr
'nyrall Periods
Che payroll period ofthe Participating Employer is
❑ vekly
[ bi-weekly
❑ ontbly
❑ onlhly
❑ other [specify]:
Who's Gigible?
An Employee is eligible to short in Non -elective Conlnbutions and Mnlching Contributions (to
the extent pmvided undo, the Plan) if he o, she meets nll of the following throe eligibility
conditions.
1. Age candid..
An Employee is eligible ifhe o, she has—ived:
__ Doge requirement
_ age IG
_ age 21
2. Servico eooditioa
An Employee is eligible if he or she has compinled:
sery erequir
ontbs of Eli�gibilityScrvicc
I Yea, of Eligibility Service
other.
9, fixcludwl [•;mployau
Every Employee slums in Nou elective Conlribolions and Maml Conl,ibutions except nn
Employee who belongs to a olassifieetion specified below:
a4 aolfa/ Damned co n�b��t on Phaa
P., { ing cml,lnyer 01.,"1 mtorrr
A Panicipating Fanploycr may make Non-elcotive Contrlbutions andlor Matching Contributions
s speoiLed be{ow. Non cicotive Contributions and Matching Contributions that of tied to
Payroll Periods (as defined it thix Adoption Agreement) m st be remitted to -the Plan
Admirtisl - no later than 15 business days after the Pvymll Period. Annual Conlnbutioti. muss
be remitted to the Plan Administrator no Inter than IS business days after the end of the Plan
Year. A Panicipating Employer may establish different classes of Employees for contribution
puRoses in this timg Emt Agreoment- The Panicipvting Pmploycr hereby elects to make
Contributions vs Collowx (choose one or both ax eppliwble)_
Non-elecCvc Contribut ors—Panicipadug Employer Non elmtive Contnbrnions will be
made on the Cohowing bvxis (must sprci(y)'.
,. of o-i P-- t >A
Mvtchlne Con
Matolring Conlnbutiotas are Panicipating Employer Contributions that may be made to
r atoh ell o a portion oC a Panicipant's contribution to an eligible 457(b) deferred
compensation plan.
If the Partioipatiug Employer provides Matching Contnbutions, the --I of Matching
Contributions made for a Pallicipant each Plan Ycar will be (ohoose only
[ ] up to _/ of such Panicipenl's Employee Basic Cont butions.
of the Participant's Employee Basic Coetnbutions, whioh cannot mecca
o(the Participants Eutcfit Contpcnsetion.
[ ) other formula (requires vpp,—I from the FMPTF j
No -d-ive Contributions and MMOirig Contribuliotu in the year of mrmina«ou
A Paniupavt shall receive the Employer Contribution during the, year oC lemtination regardless
of time wmplued, subjedathe vesting sohoduie. - ,
Non-clepivc Connibutions end Marching Contributions will be made:
_ per pay
quarterly
__ c a year
g am(alo l,n
uel,mit comp..min,
--fitCmnpensalion means tho ll,,—. w,,
n ¢emnfLL Compcnsa,ion azacfinetl in Provision 1. 13 im the Plan Doanncnt.
L oth,lipeoify(( requires approval from the FMPTF)
Vesting for Participating Employer Non a-lvn Contributions and M.111in9 Contributions
A Participating-oloycr may establish a vesting schedule for Panic "6,,g Employer Non -
elective Contributions end M ild,mg Contributions. This moans that if the Partioipant leaves the
Panicipat,ig Employer's ..plop 1prior rocompleting a spcufied minimum poriod of service
(not xceed S yeses), thn Partioipant fo,fcits the Participating Employer's Nan-I—ive
Contributions and Matching Cont butions. However, mp- Death, Disability, or the Termination
of the Plan, the Partioipant is 100% vested in the Partieipmnt's Partioipatimg Employer Non-
elnc,ive comuibu,ions and Mld—g Connibatioms, . o—ith-Y Iimg any —1., acheanlc If
a
ling schedule is enablished, it s the Panioip tmg Employc,'s ,esponeibilily fro calculate ,Im
Pe tioipants se and report i, to !ho Plan Admimist,ater_ Tho Panicipa,img Employer hereby
elects the (pllo,v rig:
A—icipamt bew,mes Vcned in his or her PI., Account according to:
,mmediate vesting
the sahedulc marked below
W, ,o percentage
Yearso—'Itng Service ( I
2 0% s oO% 60%
J 100% 0% o% - 0% 6
«««« % 80% O%
80%
g nm[:1 poo1ad CoalnLuaov I'll
Unicas olhenvlse s,cbiab above, the vesting period will begin on the Paninipant's first day of
cmploynrmtt as an Eligiblo Employee. b addition, unless otherwise indicated above, Eligible
Employees who — wrployed on the date the Plvt is adopted by tho Employer will be given
credit for Prior service es an Eligible Employee for puryoses of -,,,lying the vesting schedule_
Also, unless otherwise Provided above, different puiods .[service vs vn Eligible Employee will
lb,vUded together in do—ining ---the vesting period has been sntisfed.
Resmted plan- ICthis is a Restated Plant. an existing defined contribution Plnn and the Vesting
Schulnlc has been emended by this Restated Plan, enter the preemended vesting schedule
Years of Service PercetIbge Yearn of Service Pemautage
6.. 9 908
608 0 008
Schedule bas not been amended.
Years of Vesting Service
A year of vesting service shall be measvreA f 11 :he Participant's date of hire_ The wmplebon
of twelve evlendvr months Gom the date oC him shell wont vs a yevr o[ vesting servim Any
years oC vesting service credited Gom prior years shell remain credited, regardless of revised
pre �swns.
Eor(ehuru
For[eimres shall Md in a Forfeirure Acwval vntl be used to reduce lb— Panioipvciag
Employer Contributions.
aot(alo ha
Clanging and Terminating this Adoption Agreement
If a Participating Employer desires to anremd any of its olections contained in this Adoption
Agreement, the Panmipnting Employer by official ac an amen
at adopt dmhnt to thu
Adoption Agt'u—M or a new Adoption Agreemont must boadopted and forwarded to !hc
FMPTF for approval.
This Adoption Agreununt may be —itatrd only iu accordance with the PI
Adopting the Plnn
By signing below, the Panicipa6,,g Employer adopts the FMPTF 4010) Defined Conitibution
Plan ("Plan"). The Participating Employer acknowledges that it received a copy of the Plan.
11,, Participating Employer shall receive copies ofv PI. amendments made by the FMPTF.
The Participating Employer's suer reprosents that he oc xhn is a propec officer of and has
authority to enter into this Adoption Agrceinent az an obligation of the Participating Employer,
CITY OF LONGW OOD
Pant Lovcstrand, Mayoc
Atlest:i
Oe ald-D. Zvnbb ity Clerk
Date. / _,2"/
Accepted far the.
Florida Municipal Pmrsim: Trust Fmtd
By the Administmtpr:
Florida League of Cities, Inc.
Date_
TRUS'FJO I NDER AGREEMENT
FOR DEFINED CONTRIBUTION PLANS UNDER
FLORIDA MUNICIPAL PENSION TRUST FUND
MASTER rRUS'I'.AGREE MENT
'PHIS TRUST JOINDER AGREEMENT, between the City of Long—.0 Florida
(heroin inferred to ae the "Panicipating Employer') and the Master Trussus of the Floridn
Municipal Pwssion Trust Fund (herein aferred to as the "Master Trusee )_
WrNESSE'M:
I' DVRFA5, the P—ipatittg Employer desires to provide a defined contnbutiop plan
Car the sole and exclusive benefit of its Participating Employees and their 6onefeiazims, end Cor
such puryoses adoptetl Resolution No. 0t-I038 on the fl day of Sentenrber, 20Q providing Cor
the esteblishmeatt of a defined conNbmion plan;
"HEREAS, said Resolution authorizes participation in the Florida Monicipvl Pension
Trust Fund (—FMPTF") and further authorizes the execution of this Trost Joinder Agreement m
matt becae a py iI the FMPTF Maetcr T—t Agreement; end
HEREAS, the Participating Employer desires m submit this Trost Joinder Agreement
I, the Master Trustee to became a party to the FMPTF Master True Agreement;
THEREFORE, in consideration of the —t-I wvenants and agreements flowing to each
of the parties beretq it is eg—d as WE, I-
I. Both parties to this Trust Joinder Agreement agree that the City of Longvoed.
Florda is a Participating Employer as provided in the Florida Municipal Pension
Tntst Fund Master T-1 A,,al —("Master Trust Agreement"),
2. As provided in the plan provisions selected by the Participating Employer, the
Participating Employer shall make timely c-Ifibidions or shall timely Iorwzrd
_Iibutions made by Panicipating Entployues for the defned contribution plan
3, As provided in the plan provisions selected by the Panicipating Employer. the
Pmtiuipating Employer shell timely re imely approve the remtrenec of
ad ,, nIl,otivc fees as may be dua corder ],I defned uontribution plan.
4_ The Panicipating Employer agrees to "Zide all in tial and III -ell relevant
Participating Employee information squired under the defned contribution plan I,the Administtator designated by the Maher TntstceI The Panicipating Fmployer
shell certify said inf rmation to be correct to the best of its knowlege dand die Master
Trustee and dte Administmwr shall haven hte right to rely on the awumcy IF said
information im perforating nontractuvl responsibi 11 tics.
ab 5. The Participating Eanployer ha the responsibility to provide the Administrator
designated by the Master Trustee, in mely D , ill information wncenting
Panicipming EDployee ternination. The Participating Employer shell oenify said
information to be correct to the best of its knowledge end htc Master Trasten and the
Administrator shell have the right m rely on the accuracy of said information in
performing conlraUnal responsibil hies.
6. The panics to this trust Joinder Agreement agree to abide by and be bound by the
ma. duties, rights and obligations ofthe panics as sU forth in tha Florida Municipal
Pension Trust Fund Master Trust Agreement, as may be emended by the Master
T—t——� I, is hached hereto and is made a pan fthis Trst Joinder Agr--t-
'/. Fa'iher parry may terminate this Trust Joimder Agreement by giving at Icrost Ed days
ring to the other pony. Any to , shall be governed by the
provisions of die Florida Municipal Pemsiom Tmst Fund Master Trust Agreement and
the plan document for the defined con bution plan.
IN \VITNESS IIIII-OF, the Participating Employer has caused this Tnis Joinder
A, /be executed and the signs ate of its autho6zed officer nfbxed Nis ii day of
CITY OF TANG W OOD
BY:
Paul Lovestrand, Maycr
nrr r
Geraldine D_ bn, City Clerk
DATE:
lE � ate/
FLORIDA MUNICIPAL PENSION TRUST FUND
BY:
Secretary -Treasurer