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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 /> If such a court order provides for an Alternate Payee (or any person other than the <br /> Participant) to have a right of investment direction under the Plan, the Plan Sponsor shall <br /> give effect to that court order to the extent pennitted by the Plan, and the Plan Sponsor may <br /> give effect to that court order even contrary to the Plan if the Plan Sponsor does not <br /> challenge, contest, or appeal the court order. <br /> 6 . 7 Expenses of investment direction <br /> The Plan may charge the Participant' s or Beneficiary ' s Account for the expenses of <br /> executing his or her or its investment direction . If such expenses are so charged , the Plan <br /> Administrator shall maintain reasonable procedures to inform Investors that such charges are <br /> made and to inform each Investor as to the actual expenses charged to the Participant ' s or <br /> Beneficiary ' s individual Account. <br /> If the execution of an investment direction would incur an unusual charge or any tax under <br /> the Investment or otherwise under applicable law, any person receiving the investment <br /> direction may (but is not required to) require the Investor to acknowledge in writing that he <br /> or she or it understands each charge or tax and how the charge or tax is calculated or <br /> determined . <br /> 6. 8 Relief from fiduciary responsibility <br /> To the extent of the Participant ' s or Beneficiary ' s investment direction , the Participating <br /> Employer and the Plan Administrator and the Master Trust and the Agent and each Issuer <br /> and each person performing services regarding the Plan is relieved of any fiduciary <br /> responsibility and every kind of liability, and is not responsible for or liable for any damage <br /> or loss or expense or other claim which may arise from that Participant ' s or Beneficiary ' s <br /> investment direction or exercise of control (or from that Participant ' s or Beneficiary ' s failure <br /> to exercise his or her or its duty of investment direction and control) . <br /> 6 . 9 Participating Employer and Plan Administrator not responsible for Plan <br /> Investment selection <br /> Except as otherwise required by the Enabling Statute , each Participating Employer and the <br /> Plan Administrator does not have any responsibility and shall not have any liability relating <br /> to the selection of Plan Investments . Without limiting the comprehensive effect of the <br /> above, the Participating Employer and Plan Administrator are not liable for losses or <br /> damages arising out of. any action in approving or purchasing any Plan Investment( s ) , <br /> any bankruptcy or insolvency or impairment or liquidation or rehabilitation or <br /> supervision of any Issuer(s) , any other impairment of any Issuer ' s ability to meet its <br /> obligations , or the performance of any Plan Investments . <br /> 6 , 10 Obligation is limited <br /> The Master Trustee ' s or the Participating Employer ' s obligation to pay Deferred <br /> Compensation shall not exceed the actual amount or value of the Participant ' s Account . <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities, Inc . <br /> Page 30 <br /> o2ro1r_ oo9 <br />
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