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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)
Path:
\City Clerk\City Council\Resolutions\2021
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ii <br />GN - 150079 Specimen 457(b) Plan Document <br />GPLANLVL – CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />6.7 Payments to Minors and Incompetents .............................................................. 23 <br />6.8 Procedure When Distributee Cannot Be Located .............................................. 23 <br />6.9 Direct Rollover ................................................................................................... 23 <br />6.10 Inservice Distributions ........................................................................................ 24 <br />6.11 Qualified Distributions for Retired Public Safety Officers ................................. 26 <br />SECTION VII ROLLOVERS AND PLAN TRANSFERS .................................................. 28 <br />7.1 Eligible Rollover Contributions to the Plan ....................................................... 28 <br />7.2 Plan-to -Plan Transfers to the Plan .................................................................... 28 <br />7.3 Plan-to -Plan Transfers from the Plan ............................................................... 29 <br />7.4 Permissive Service Credit Transfers ................................................................. 30 <br />SECTION VIII BENEFICIARY ......................................................................................... 31 <br />8.1 Beneficiary Designation ...................................................................................... 31 <br />SECTION IX ADMINISTRATION AND ACCOUNTING ................................................ 32 <br />9.1 Administrator ..................................................................................................... 32 <br />9.2 Administrative Costs .......................................................................................... 32 <br />9.3 Paperless Administration ................................................................................... 32 <br />SECTION X AMENDMENTS ............................................................................................ 34 <br />10.1 Amendment ......................................................................................................... 34 <br />10.2 Conformation ...................................................................................................... 34 <br />10.3 Plan Termination................................................................................................. 34 <br />SECTION XI TRUST FUND ............................................................................................. 35 <br />11.1 Trust Fund........................................................................................................... 35 <br />SECTION XII MISCELLANEOUS .................................................................................... 36 <br />12.1 Non-Assignability ................................................................................................ 36 <br />12.2 Domestic Relation Orders ................................................................................... 36 <br />12.3 IRS Levy .............................................................................................................. 36 <br />12.4 Mistaken Contributions ....................................................................................... 36 <br />12.5 Employment ........................................................................................................ 37 <br />12.6 Successors and Assigns ........................................................................................ 37 <br />12.7 Written Notice ..................................................................................................... 37 <br />12.8 Total Agreement .................................................................................................. 37 <br />12.9 Gender ................................................................................................................. 37 <br />12.10 Controlling Law................................................................................................. 37 <br />EMPLOYER ADOPTION PAGE ....................................................................................... 38 <br />453
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