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8M Consent 2021 0907
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8M Consent 2021 0907
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Last modified
9/17/2021 9:34:40 AM
Creation date
9/2/2021 5:27:39 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
9/7/2021
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PERM
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Reso 2021-131 Amndt and Restatement of 457B Deferred Comp plan
(Approved)
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\City Clerk\City Council\Resolutions\2021
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5 <br />GN - 150079 Specimen 457(b) Plan Document <br />GPLANLVL – CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />pursuant to Section 6.2 , a Participant shall be treated as having incurred a severance from <br />employment during any period the Participant is performing service in the uniformed services (as <br />defined in chapter 43 of title 38, United States Code) while on active duty for a period of more <br />than 30 days. <br />The "State" means the State that is the Employer or of which the Employer is a political <br />subdivision, and any agency, or instrumentality, including any agency or instrumentality of a <br />political subdivision of the State, or the State in which the Employer is located. <br />The "Trust Fund" means the trust fund created under and subject to a trust agreement or a <br />custodial account or contract described in Code Section 401(f) held on behalf of the Plan. <br />The "Valuation Date " means each business day. <br />458
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