Laserfiche WebLink
election not to continue as a Member of the System and his election to <br />become a Member of the City's Defined Contribution Plan. In the event <br />of such election, he shall be barred from future membership in the <br />System. <br />I~ Notwithstanding subsections B. and C., any General Employee employed <br />by the Ci on or after January 1, 1996, and who has previously elected <br />to participate in the Defined Contribution Plan provided by the Ci and <br />who, therefore, elected not to be a Member of the System, maX, on or <br />before June 1, 1998, elect to opt out of the Defined Contribution Plan <br />and to become a Member of the System and receive credit for all past <br />service. <br />2. Designation of Beneficiarv. <br />Each General Employee shall complete a form prescribed by the Board providing <br />for the designation of a Beneficiary or Beneficiaries. <br />SECTION 2: The City of Casselberry General Employees' Pension Plan, adopted by <br />ordinance 97-898 of the City of Casselberry, is amended by amending Section 62-453, Board <br />of Trustees, subsection 1., to read as follows: <br />SECTION 62-453. BOARD OF TRUSTEES. <br />1. The sole and exclusive administration of and responsibility for the proper <br />operation of the System and for making effective the provisions of this ordinance are hereby <br />vested in a Board of Trustees. The Board of Trustees is hereby designated as the plan <br />administrator. The Board of Trustees shall consist of five (5) Trustees, two three of whom, <br />unless otherwise prohibited by law, shall be legal residents of the City, who shall be appointed <br />by the Casselberry Ciry Commission, and two of whom shall be Members of the System, who <br />shall be elected by a majority of the General Employees who are Members of the System. The <br /> <br /> <br /> <br /> <br /> > > f <br />2 <br />