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Florida Municipal Pension Trust Fund <br /> 457(b) Deferred Compensation Plan <br /> At any time before his or her death, the Participant has the right to designate a <br /> Beneficiary( s) , including a contingent Beneficiary( s ) , subject to the provisions of the <br /> Plan . The Participant shall have the right to change his or her Beneficiary Designation at <br /> any time , subject to the provisions of the Plan . <br /> A Beneficiary Designation must be in writing , on the form(s) prescribed by the Plan <br /> Administrator. A Beneficiary Designation (or change ) is not effective until the Plan <br /> Administrator receives it . Each Beneficiary Designation completely revokes and cancels <br /> any and every previous beneficiary designation . <br /> The Participant must designate each Beneficiary by name . A Beneficiary( s) cannot be <br /> designated by relationship or by class , and any such attempted beneficiary designation is <br /> absolutely void . <br /> Notwithstanding the rule that a Participant must designate each Beneficiary by name , if <br /> the Plan Sponsor, in its sole discretion , finds that a Beneficiary Designation sufficiently <br /> describes a trust, that Beneficiary Designation will be construed as naming the duly <br /> appointed and currently acting trustee of that trust . <br /> Any beneficiary designation that, in whole or in part , designates the Participant ' s estate <br /> as beneficiary shall be construed as designating as Beneficiary ( s ) , to the extent of the <br /> share of Deferred Compensation specified or otherwise provided for the estate , the <br /> personal representative of the Participant ' s estate . <br /> Notwithstanding any law to the contrary , a change in marriage (whether statutory or <br /> common - law) or family status , including (but not limited to) a divorce , dissolution , <br /> annulment or declaration of non-marriage , separation, separate maintenance , revocation <br /> of a domestic partner registration , termination or revocation of any marriage or living- <br /> together contract, or any other interruption or termination of a spouse or quasi- spouse <br /> relationship , has no effect in any way concerning any Beneficiary Designation . <br /> Any statement in a Beneficiary Designation referring to the Beneficiary ' s relationship to <br /> the Participant is for convenience or infonnation only and has no effect in the <br /> construction or interpretation of the Beneficiary Designation . <br /> Any statement in a Beneficiary designation attempting to state or create a condition or <br /> restriction upon the Beneficiary ' s receipt or enjoyment of any Deferred Compensation is <br /> invalid and the Beneficiary is entitled to the Deferred Compensation without regard to <br /> any attempted condition or restriction . <br /> Notwithstanding anything to the contrary in any Beneficiary designation in the <br /> Participation Agreement or any other document or otherwise (including but not limited to <br /> any court order) , any designation of a Beneficiary cannot be irrevocable and any such <br /> designation shall be construed as a revocable designation of that Beneficiary . <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities , Inc . <br /> Page 10 <br /> 01!01 /2009 <br />