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Florida Municipal Pension Trust Fund 457(b) Deferred Compensation Plan Employer ' s Employees who are Participants , the Master Trustee may in it ' s discretion make the transfer . 19 . 2 Effect of Termination by Participating Employer In the case of the complete or partial termination of the Plan as to one ( 1 ) or more Participating Employers , including a termination arising from the discontinuance and/or delinquency of contributions, the affected portion of the Master Trust shall continue to be held pursuant to the direction of the Master Trustee , for the benefit of affected Participants pursuant to the benefit provisions of this Plan . The Plan shall remain in full effect with respect to each Participating Employer that does not terminate its participation in the Plan on behalf of its Employees , or whose participation is not terminated by the Master Trustee . 19 .3 Termination of Entire Plan This Plan in its entirety may be terminated at any time by official action of the Master Trustee , with notice to all Participating Employers and Participants . The last date for contributions and earnings to be credited to Participants Accounts must be specified in the Master Trustee ' s official action and must be no sooner than ninety ( 90) days after the adoption of the official action . All actions associated with the termination of the Plan, including a final accounting , must be completed within twelve ( 12 ) months after the adoption of official action . In the event of a complete Plan termination , the Master Trustee must take all steps reasonable to avoid a distribution to the Participants and Beneficiaries , except pursuant to benefit options under the provisions of this Plan, including identifying successor plan(s) . However , if distributions must be made , the Plan Administrator shall be responsible for directing distribution of all assets of the Master Trust to Participants and Beneficiaries . 20 . Construction 20 . 1 Construction The provisions of this Part govern the construction or interpretation of this Plan . These rules of construction and interpretation shall apply for all provisions , and shall supersede any other construction or interpretation rules . 20 .2 Construction as an eligible deferred compensation plan The Plan is established and maintained with the intent that the Plan always be an "eligible deferred compensation plan" within the meaning of IRC § 457 ( b) and conform to the Internal Revenue Code ' s requirements for treatment or recognition as such a plan . Therefore , the provisions of the Plan shall be interpreted whenever possible to state provisions that conform to the applicable requirements of the Internal Revenue Code . When the Internal Revenue Code is amended or interpreted through subsequent legislation or regulations or other guidance of general applicability, the Plan should be Florida Municipal Pension Trust Fund Florida League of Cities, Inc . Page 60 02;01 /2009