Laserfiche WebLink
Florida Municipal Pension Trust Fund <br /> 457(b) Deferred Compensation Plan <br /> 8 .3 Service crediting <br /> Consistent with 38 U. S . C . § 4318 (a)(2 )(A) and IRC § 414(u) (8 ) (A) , a person reemployed <br /> under 38 U . S . C . § 4301 et seq. shall be treated as not having incurred a break-in- service by <br /> reason of such person ' s period( s) of Qualified Military Service . <br /> Consistent with 38 U. S . C . § 4318 (a)( 2)(B ) and IRC § 414 (u) ( 8) (B) , upon reemployment <br /> under 38 U . S . C . § 4301 et seq. , each period of Qualified Military Service shall constitute <br /> service under this Plan for the purpose of determining the nonforfeitability of the <br /> Participant ' s accrued benefits under this Plan and for the purpose of determining the accrual <br /> of benefits under this Plan . <br /> 8.4 Compensation <br /> Consistent with 38 U . S . C . § 4318 (b)(3 ) and IRC § 414(u)(7) and IRC § 457(e )(5 ) , for the <br /> purposes of computing any Contributions required or permitted under this Part , the <br /> reemployed Participant ' s Compensation during the period of Qualified Military Service shall <br /> be either the Compensation the Participant would have received during such period if the <br /> Participant were not in Qualified Military Service , determined based on the rate of pay the <br /> Participant would have received from the Participating Employer but for absence during the <br /> period of Qualified Military Service, or if the Compensation the Participant would have <br /> received during the period of absence for Qualified Military Service was not reasonably <br /> certain, the Participant ' s average Compensation from the Participating Employer during the <br /> 12 -month period (or, if shorter, the entire period of employment) immediately preceding the <br /> Qualified Military Service . <br /> 8 . 5 Non-elective Employer Contributions <br /> Consistent with 38 U . S . C . § 4318 (b)( 1 ) and IRC § 414(u) , if a person is reemployed under <br /> 38 U . S . C . § 4301 et seq . , with respect to the period(s) of Service in the Uniformed Services, <br /> the Participating Employer shall pay (if it has not already done so) and direct the Plan <br /> Administrator to allocate to the reemployed Participant ' s Account any Participating <br /> Employer Non-elective Contribution for the Participant in the amount (without investment <br /> income or earnings of any kind) that would have been allocated to the Participant ' s Account <br /> if the Participant had been actively at work for the Participating Employer. <br /> 8 . 6 Matching Employer Contributions <br /> Consistent with 38 U . S . C . § 4318 (b)(2) , if a person is reemployed under 38 U . S . C . § 4301 et <br /> seq. and makes Employee Contributions as permitted by Provision 8 . 7 , and if permitted <br /> under the plan, with respect to the period( s) of Service in the Uniformed Services , the <br /> Participating Employer shall pay ( if it has not already done so ) and direct the <br />Plan <br /> Administrator to allocate to the reemployed Participant ' s Account any Participating <br /> Employer Contribution for the Participant in the amount ( without investment income or <br /> earnings of any kind) that would have been allocated to the Participant ' s Account if the <br /> Participant had been actively at work for the Participating Employer to the extent that the <br /> reemployed Participant makes payment to the Plan for Employee Contributions . Consistent <br /> with IRC § 414(u)(2 )(A) (ii) , the Participating Employer has no obligation to pay the <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities, Inc . <br /> Page 33 <br /> 02/01 /2009 <br />