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Florida Municipal Pension Trust Fund 457(b) Deferred Compensation Plan that is approved by the Plan Sponsor as satisfying Provision 11 . 2 , the Participant ( but not a Beneficiary or Alternate Payee ) is entitled to receive a Hardship Distribution (as a cash lump sum) of the amount determined by the Plan Sponsor to be the amount that is reasonably needed to satisfy the emergency need . 11 . 2 Definition of unforeseeable emergency An unforeseeable emergency means a severe financial hardship to the Participant resulting from • a sudden and unexpected illness or accident of the Participant, or • a sudden and unexpected illness or accident of a dependent ( as defined by IRC § 152 (a)) of the Participant, or • loss of the Participant ' s property due to casualty, or • other similar and extraordinary unforeseeable circumstances arising as a result of events beyond the control of the Participant . A need to send the Participant ' s child to college or a desire to purchase a home is not an unforeseeable emergency . A Participant ' s ( or his or her dependent ' s) circumstances is not an unforeseeable emergency and a Hardship Distribution shall not be paid to the extent that the financial hardship is or may be relieved • through reimbursement or compensation by insurance or otherwise, • by borrowing from commercial sources on reasonable conunercial terms to the extent that this borrowing would not itself cause a severe financial hardship , • by cessation of deferrals under the Plan , or • by liquidation of the Participant ' s other assets ( including assets of the Participant ' s Spouse and minor children that are reasonably available to the Participant) to the extent that this liquidation would not itself cause severe financial hardship . For the purposes of the preceding sentence , the Participant ' s resources shall be deemed to include those assets of his or her spouse and minor children that are reasonably available to the Participant; however, property held for the Participant ' s child under an irrevocable trust or under a Uniform Gifts to Minors Act Master Trusteeship or Uniform Transfers to Minors Act Master Trusteeship shall not be treated as a resource of the Participant. Florida Municipal Pension Trust Fund Florida League of Cities, Inc . Page 36 021/01 /2009