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1. Accumulated Contribution - means contributions to <br />the Fund by Members, assessed at the rate of 1~ of Salary which <br />shall be deducted and deposited to the Fund on behalf of the <br />Member in accordance with the provisions of Section 414(h)(2) of <br />the Internal Revenue Code. <br />2. Actuarial Equivalence - means a form of benefit <br />differing in time, period, or manner of payment from a specific <br />benefit provided hereunder but having the same value when comput- <br />ed using the 1983 Group Annuity Mortality Table and eight percent <br />(8~) interest. <br />3. Agreement - means this written instrument setting <br />forth the provisions of the Pension Plan. <br />4. Average Final Compensation - means one-twelfth <br />(1/12th) of the arithmetic average of Salary for the best five <br />(5) years of employment. For those Members who are employed for <br />fewer than five years, Average Final Compensation shall be the <br />arithmetic average of Salary during the total months of employ- <br />ment. <br />5. Beneficiary - means the person or persons desig- <br />nated to receive benefits hereunder at the post-retirement death <br />of a Member who has been designated in writing by the Member and <br />filed with the Board. If no person so designated is living at <br />that time, the Beneficiary, if applicable, shall be the estate of <br />the Member. <br />6. Board - means the Board of Trustees, which shall <br />administer and manage the Plan herein provided and serve as <br />Trustees of the Fund. <br />7. City - means City of Casselberry, Florida. <br />2 <br />