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Florida Municipal Pension Trust Fund 457(b) Deferred Compensation Plan 3 . 39 "Normal Retirement Age" means the age elected by the Participant which may not be earlier than the earliest age at which the Participant has the right to retire without the consent of the Participating Employer and to immediately receive unreduced retirement benefits under the Participating Employer ' s basic retirement plan and which may not be later than the later of the Participant ' s age 70 '/2 , or the date of the Participant ' s Severance . If the Participant will not become eligible to receive a benefit under the Participating Employer ' s basic retirement plan, he or she may elect a Normal Retirement Age that is not earlier than his or her age 65 and not later than the later of his or her age 70 '/2 or the date of his or her Severance . The Participant ' s Normal Retirement Age does not control his or her Distribution Commencement Date . 3 .40 "Notarial Officer" means a natural person who is authorized to take oaths under the law of the jurisdiction in which the relevant document is signed . 3 .41 " Participant" means the Employee (or former Employee) who has Deferred Compensation under the Plan who has not yet received all of the payments of Deferred Compensation to which he or she is entitled under the Plan . 3 .42 "Participating Employer" means an Employer that has passed the Trust Joinder Agreement to become a party to the Florida Municipal Pension Trust Fund and has passed an Adoption Agreement to participate in this Plan . 3 .43 "Participation Agreement" means the agreement ( in the form prescribed by the Plan Administration) , as amended from time to time , entered into by and between the Participant and Participating Employer under which the Employee elects to participate in the Plan . 3 .44 "Payout Option' means any , except as limited below , of the annuity options or other options for payment that are available under the applicable Plan Investment(s) . As to an Unallocated Investment, the Payout Options are as specified by the current written agreement between the Plan Administrator and the Agent . The Plan Sponsor shall not permit the use of any payout option that is based on gender- distinct actuarial tables or that otherwise unlawfully discriminates against any person . Florida Municipal Pension Trust Fund Florida League of Cities, Inc. Page 18 02,1101 /2009