Fort Walton Beach Ordinance — 801 Restate General Emp Plan — reading text

based on accrued credited service at his normal retirement date but in a~ y case no later than his 70th birthday. DISABILITY RETIREMENT. Disability retirement is the retirement of a member I of this plan based upon a finding of total and permanent disability under the provisions of section 17- 15. 2 of this article. RE TIREMENT BENEFITS. Retirement benefits means any amount payable to a retiree, contingent annuitant or beneficiary in accordance with the provisions of this plan. ACCRUED BENEFIT. Accrued benefit shall mean the earned retirement benefit through any period of service as credited under the provisions of this article. DISABILITY. Disability shall be any total physical or mental disability which prevents an employee from performing substantially all of the requirements of any job for which he may be suited by reason of education, training or experience, either with the City of Fort Walton Beach or any other employer. DEATH BENEFIT. This benefit shall mean any amounts paid a beneficiary by reason of the death of a member of this plan under section 17 - 16. 2 of this article. Page 5  EMPLOYEE CONTRIBUTIONS. Contributions made by a member or previous member of this plan as required under section 17 - 12 including ' any accumulated interest as may be provided under this article. EMPLOYER CONTRIBUTIONS. All contribution made directly by the employer from of the city to this plan provided under section 17 - 12 of general revenues as this article. INVESTMENT. Investment shall mean the utilization of assets of this plan as provided under section 17- 12. 1 to preserve the corpus and produce an increase in value interest, capi tal gains, discounts or other form of income through any consistent with the investment medium. GENDER. Wherever used in this article, a pronoun in the masculine gender shall be construed as including the feminine gender unless the context clearly indicates otherwise. EFFECTIVE DATE. The effective date of this plan is January 1, 1966. AMENDMENT AND RESTATEMENT DATE. The amendment and rest? tement date of this plan shall be November 27, 1984. Sec. 17 - 11.2. Administration of fund; designation of trustees; designation of plan administrator; adoption of rules and regulations. I The authority and responsibili ty for the establishment, amendment and administration of this fund shall vest in the city council of the city and the members thereof shall be trustees of the fund. The trustees shall make all designated as reasonable rules and regulations for the administration of their duties as trustees as well as the duties and responsibilities for all others engaged in the administration of the fund created by this article. The trustees shall cause these rules and and administrative procedures to be set forth in an administration regulations manual for reference and guidance by each person involved in any area of pension administration and shall review and approved this manual which shall thereafter be the basis, along with this chapter for the administration of this fund until changed or amended by the trustees. This administration manual will be coincident with the one required under Article III and Article IV of this chapter. The plan administrator shall be the finance director of the city and he shall administer this plan for the trustees and participants, subject at all times to the and limitations and conditions specified in or imposed by provisions of this article the rules and regulations as contained in the administration manual. e 6 PaJ!;  The trustees and the plan administrator shall serve without compensation additional to that already provided by the city for their respective duties. Sec. 17- 11.3. Establishment of pension advisory committee.; election; term; vacancy; duties. There shall be an advisory commi ttee of five ( 5) persons who shall be responsible for approval and certification of employees for participation in this fund and for reviewing and granting pension or relief to a participant of the fund. No pension or relief shall be given to any person out of said fund unless the same shall be first approved by the advisory committee. The advisory committee shall be subject to such duties, responsibilities and rules of procedure as required by the board of trustees. The advisory commi ttee will be bound by the guidelines, statements of responsibility and rules of procedure as contained in the administration manual. The selection of the advisory committee shall be made by the city manager on the first Monday in July of each year and four ( 4) of the members so identified hereinafter will serve initial terms of one ( 1), two ( 2), three ( (3) and four ( 4) years respecti vel y. Each year thereafter, one ( 1) member of the advisory committee shall be selected for a term of four ( 4) years replacing ' the member whose term has expired. The advisory committee will be comprised of four ( 4) members who are active participants under this plan, no two of whom shall be employed by the same department, together with either the plan administrator or his disignated representa ti ve. A member may be selected and serve for only two ( 2) consecutive terms, irrespective of the length of such terms, except that the plan administrator or his designated representative will serve continuously to provide continuity and assistance to the committee. All other members are subject to selection as provided. Any vacancy on the advisory committee shall be filled for the remaining term of the terminated member by selection of the city manager from employees of the same department as the retiring member, or by designation by the plan administrator in the case of the designated representative of such plan administrator. Members of the advisory committee shall serve without compensation additional to that earned in their respective capacities as regular employees of the city. The advisory committee shall have no authority, responsibility nor duty not Pa~ e 7 specifically granted to it by appropriate ordinance under the municipal code. It shall be subject to the rules and procedures as laid down in the administration manual as described and authorized under a previous section of this article. From time to time, additional rules, regulations and procedures shall be promulgated by the trustees which shall be incorporated in the administration manual in order to assist the committee in the administration of its duties. Such rules, regulations and procedures may be changed, altered or deleted by the trustees under powers granted by this chapter. It shall be the duty and responsibility of the advisory committee to: a) Fully acquaint itself with full details of the benefit and administrative provisions of the pension fund. b) Serve as liaison between trustees, plan administrator and employees to promote the exchange of information concerning the fund. c) Investigate the facts relative to eligibility of prospective participants and render a decision as to the acceptance or rejection of the application. No application for participation in this fund shall bei granted unless approved by the advisory committee. d) Investigate the facts relative to eligibility of any participant to receive benefi ts under the appropriate sections of this article