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2010-320C
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Last modified
2/23/2016 2:16:14 PM
Creation date
10/1/2015 1:30:43 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/21/2010
Control Number
2010-320C
Agenda Item Number
12.G.3
Entity Name
Florida League of Cities
Subject
Pension Fund Amended June 2006
Florida Municipal Pension Trust Fund Master Agreement
Supplemental fields
SmeadsoftID
9171
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to rely conclusively on such valuation for all purposes under the Defined Contribution Pension <br /> Plan Trust . <br /> Section 306 . INVESTMENT IN MUTUAL FUNDS . <br /> The Master Trustees may offer one ( 1 ) or more investment options pursuant to one ( 1 ) or <br /> more agreements with companies offering mutual fund products . Any asset invested pursuant to <br /> such an agreement shall be held by the Master Trustees . Each mutual fund so selected shall <br /> certify the value of the Defined Contribution Pension Plan Trust' s interest in that fund at least <br /> annually . The Master Trustees shall be entitled to rely conclusively on such valuation for all <br /> purposes under the Defined Contribution Pension Plan Trust . <br /> Section 307 . MISCELLANEOUS . <br /> A . Conflict . In resolving any conflict among provisions of the Defined Contribution <br /> Pension Plan Trust and in resolving any other uncertainty as to the meaning or intention of any <br /> provision of the Defined Contribution Pension Plan Trust, the interpretation that ( i) causes the <br /> participating defined contribution pension plans to satisfy the applicable requirements of IRC <br /> Sections 401 (a) and 414 (d) and the Defined Contribution Pension Plan Trust to be exempt from <br /> tax under IRC Sections 115 and 501 (a) , and ( ii) causes the participating defined contribution <br /> pension plan and the Defined Contribution Pension Plan Trust to comply with all applicable <br /> requirements of law shall prevail over any different interpretation . <br /> B . No Guarantees . Neither the Administrator nor the Master Trustees guarantee the <br /> Defined Contribution Pension Plan Trust from loss or depreciation or the payment of any amount <br /> which may become due to any person under any participating defined contribution pension plan <br /> or this Agreement . <br /> PART 4 = DEFERRED COMPENSATION PLAN TRUST <br /> Section 400 . APPLICATION . <br /> The provisions of Part 4 apply to the Deferred Compensation Plan Trust and the <br /> participating deferred compensation plans . <br /> Section 401 . ESTABLISHMENT AND PURPOSE OF TRUST FOR DEFERRED <br /> COMPENSATION PLANS . <br /> A . Establishment of Trust for Deferred Compensation Plans . The Master Trustees <br /> establishes the Deferred Compensation Plan Trust for the exclusive benefit of Participating <br /> Employees of Participating Employers with a deferred compensation plan or plans . The <br /> authority to conduct the general investment operation and the general administration of the <br /> Deferred Compensation Plan Trust is vested in the Master Trustees . The Master Trustees may <br /> contract with the Administrator to perform delegated functions with respect to any participating <br /> deferred compensation plan and the Administrator may contract with third parties to provide <br /> administrative, investment and custodial services in relation to any participating deferred <br /> compensation plan . <br /> 22 <br /> MADI_625405.4 <br />
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