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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 Trost Fund <br /> 457(b) Deferred Compensation Plan <br /> This payment shall be in full satisfaction of all claims . The Plan Sponsor has no duty to <br /> supervise or inquire into the application of any amount(s) so paid . <br /> If at the time a Distribution begins the Beneficiary is a minor and the Plan Sponsor begins <br /> payments to another person under this Provision , the Plan Sponsor may continue all <br /> payments under the Distribution to the other person notwithstanding that the Beneficiary <br /> may have attained full age, unless the Beneficiary files a written claim according to all of the <br /> requirements of the Plan, including furnishing satisfactory evidence that he or she is of full <br /> age . <br /> 15 . 11 Distribution to incompetent Participant or Beneficiary <br /> If a Distribution is to be made to a Participant or Beneficiary that the Plan Sponsor finds to <br /> be unable to manage property effectively for any reason including (but not limited to) mental <br /> illness, mental deficiency, physical illness, physical disability, chronic use of drugs , chronic <br /> intoxication, confinement, detention by a foreign power, or disappearance, any payment may <br /> be paid according to the terms of the applicable hivestment(s) (if any) or according to <br /> applicable Investment Law (if any) , or the Plan Sponsor may direct payment(s ) according to <br /> the following order: <br /> • as instructed by an appropriate court, <br /> • to the duly appointed and currently acting legal guardian of the estate of the Participant <br /> or Beneficiary, <br /> • to the duly appointed and currently acting conservator of the Participant or Beneficiary, <br /> • to the duly appointed and currently acting attorney- in- fact under a durable power- of- <br /> attorney if the Plan Sponsor finds that the power-of- attorney provides sufficient <br /> power to authorize the attorney- in- fact to receive the Deferred Compensation , <br /> • to a responsible adult with whom the Participant or Beneficiary maintains his or her <br /> residence , <br /> • to a responsible adult who is a relative of the Participant or Beneficiary , <br /> • to any person determined by the Plan Sponsor to be a proper recipient for the Participant <br /> or Beneficiary , <br /> • to the court having jurisdiction over the estate of the Participant or Beneficiary . <br /> This payment shall be in full satisfaction of all claims . The Plan Sponsor has no duty to <br /> supervise or inquire into the application of any amount( s ) so paid . <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities, Inc . <br /> Page 44 <br /> oz;otizoo9 <br />
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