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2010-320E
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Last modified
2/23/2016 2:19:28 PM
Creation date
10/1/2015 1:31:25 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/21/2010
Control Number
2010-320E
Agenda Item Number
12.G.5
Entity Name
Florida League of Cities
Subject
Deferred Compensation Plan Amended February 2009
Florida Municipal Pension Trust Fund 457 Deferred Compensation Plan
Supplemental fields
SmeadsoftID
9174
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Florida Municipal Pension Trust Fund <br /> 457(b) Deferred Compensation Plan <br /> 6 . 2 . 3 Investment direction must be in writing <br /> Each investment direction shall be in writing and shall not be proper unless the writing is <br /> signed by the Investor. Except as otherwise specified by the Agent ' s investment direction <br /> procedure, "writing" and "signed" shall be construed according to Provision 17 . 25 <br /> [" Signatures and broad acceptance of writings "] , subject to any security procedures <br /> required by the Agent or the Issuer . Without limiting the comprehensive effect of the <br /> above, a signed writing includes , to the extent permitted by the applicable Investment( s ) , <br /> a proper telephone communication made in the manner prescribed by the Agent and the <br /> Issuer. <br /> 6 . 2 . 4 Proper person to receive investment direction <br /> The Investor shall give his or her or its investment direction only to the Plan Administrator, <br /> except as otherwise permitted by a uniform written procedure adopted by the Plan <br /> Administrator. <br /> For any Investment , notwithstanding any service or assistance that may be provided by <br /> the Agent, only the Issuer(s) has authority to accept an investment direction and any <br /> direction is effective only when and as so received . Nothing in this Plan or otherwise <br /> shall be construed to enlarge or augment any legal obligation of the Agent . <br /> 6 . 2 . 5 Investment can ' t avoid Distribution Commencement Date <br /> Notwithstanding any provision or privilege for investment direction, if, consistent with <br /> Provision 12 . 2 [" Election of Distribution Commencement Date"] , the Participant or if, <br /> consistent with Provision 13 . 2 [ "Election of Distribution Commencement Date" ] , the <br /> Beneficiary has selected more than one Distribution Commencement Date , he or she or it <br /> is not permitted to make any investment transfer from any portion or Investment of his or <br /> her or its Account to any other portion or Investment of his or her or its Account that has <br /> a different Distribution Commencement Date . <br /> 6 .3 Plan Administrator not responsible <br /> Except as provided by Provision 6 . 4 , the Plan Administrator must accept every proper <br /> investment direction and the Plan Administrator is obligated to comply with such proper <br /> investment direction . Without limiting the comprehensive effect of the above , the Plan <br /> Administrator is not under any duty to question any investment direction of a Participant or <br /> Beneficiary (or his or her or its agent) , or to make any investment recommendations , or to <br /> provide to any person any investment advice or investment education, or to provide any <br /> investment information . <br /> If the Participating Employer or the Plan Administrator or the Master Trust provides any <br /> investment education or investment information or investment advice of any kind, the <br /> Participating Employer and the Plan Administrator and the Master Trust shall not be liable <br /> for any loss or liability arising out of such investment education or investment information or <br /> investment advice. <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities, Inc . <br /> Page 28 <br /> 02/01 /2009 <br />
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