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Florida Municipal Pension Trust Fund 457(b) Deferred. Compensation Plan 11 .3 Plan Sponsor must determine hardship The Plan Sponsor must detennine whether the circumstances of the Participant constitute an unforeseeable emergency within the meaning of Provision 11 . 2 . Following a uniform procedure, the Plan Sponsor ' s determination shall consider any facts or conditions deemed necessary or advisable by the Plan Sponsor, and the Participant shall be required to submit any evidence of his or her circumstances that the Plan Sponsor requires . The determination as to whether the Participant ' s circumstances are a case of hardship shall be based on the facts of each case ; provided however, that all determinations as to hardship shall be uniformly and consistently made according to the provisions of the Plan for all Participants in similar circumstances . The Plan Sponsor may require that any statement made as part of a claim for a Hardship Distribution be made under penalties of perjury . The Plan Sponsor may require that any statement made as part of a claim for a Hardship Distribution be signed in the presence of a Notarial Officer . 12 . Retirement Distribution 12 . 1 Retirement Distribution Upon his or her Severance , the Participant is entitled to receive his or her Account (not earlier than the applicable Distribution Commencement Date) under any Payout Option that satisfies the provisions of the Plan . 12 . 1 . 1 Transfer of Deferred Compensation to another eligible Participating Employer Consistent with IRC § 457 ( e ) ( 10 ) , upon his or her Severance , a Participant may elect ( in the form prescribed by the Plan Administrator) to transfer his or her Account and his or her rights in and to the Plan to another eligible deferred compensation plan (within the meaning of IRC § 457 (b) ) , provided that the Plan Sponsor and Plan Administrator are satisfied that the other plan will accept the transferred amount and obligation . 12 . 1 .2 Deemed Distribution Upon his or her Severance , if the Participant ' s Account is not more than $0 (as of the date of or the Valuation Date next following his or her Severance), the Participant shall be deemed to have received a full Retirement Distribution . 12 .2 Election of Distribution Commencement Date If the Participant ' s Severance occurred before October 15 , 2001 , not later than 60 days after the date of his or her Severance (and not earlier than the date of the Severance) , the Participant shall irrevocably, except as provided by Provision 12 . 2 . 2 , elect, with respect to all of his or her Account or to each portion of his or her Account that is attributable to Florida Municipal Pension Trust Fund Florida League of Cities , Inc . Page 37 02,/01 /2009