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Florida Municipal Pension Trust Fund 457(b) Deferred Compensation Plan Regulations is a reference to Treasury department regulations under the Internal Revenue Code , unless otherwise specified . Any reference to a Section of the Internal Revenue Code shall be construed to also refer to any successor provision . Any reference to a Section of Treasury Regulations shall be construed to also refer to any successor provision of such Treasury Regulations . Any reference to a Revenue Ruling or Revenue Procedure or IRS Notice or IRS Announcement shall be construed to also refer to any guidance of general applicability that extends , amplifies , or modifies the Revenue Ruling or Revenue Procedure or IRS Notice or IRS Announcement . 3 .30 "Internal Revenue Service" or "IRS " means and refers to the Internal Revenue Service , a division of the Department of the Treasury of the United States of America , and thereby an agency of the government of the USA , and any related departments , divisions , or offices under the supervision of the Secretary of the Treasury of the USA . 3 .31 " Investment" means (any of the following) : an annuity contract or custodial account that satisfies the requirements of IRC § 401 ( f) and IRC § 457 (g) ( 3 ) ; any annuity contract or life insurance contract that may be held by the Master Trust ; any Fund shares that may be held by the Master Trust ; an interest under a group trust (as described in Rev . Rul . 81 - 100) that may be held by the Master Trust ; or any investment that may be held by the Master Trustee . The Master Trust shall not hold any Investment that has provisions (whether express or incorporated by reference or at law) that would preclude the correct application of the Plan or the Master Trust Agreement . The Master Trust shall maintain ( or cause to be maintained ) the indicia of ownership of each Investment within the USA , except as otherwise permitted by 29 C . F . R. § 2550 . 404b - 1 (b) applied as if this Plan were a plan subject to 29 U . S . C . § 1104(b ) . All Investments to be used under the Plan must be specified by the Master Trustee . The provisions of each Investment ( including any provisions stated by each Investment ' s and each Fund ' s prospectus and the statement of additional information) are to the extent not inconsistent with the Plan incorporated in the Plan by reference . An Investment may also be referred to (in Plan documents , disclosure information , and forms ) by other terms that are not misleading in the context . 3 .32 " Investment Adviser" has the meaning given by § 202( a)( 11 ) of the Federal Investment Advisers Act of 1940, as amended [ 15 U . S . C . § 80b - 2 (a) ( 11 ) ] . Florida Municipal Pension Trust Fund Florida League of Cities , Inc . Page 16 02;01 /200)